Standard Life Aberdeen has sold its insurance arm to Phoenix in a £3bn deal. In the first results since the merger of Standard Life and Aberdeen Asset Management, the firm has said it has decided to exit the insurance market. Phoenix will pay a total of £2bn in cash for the business. Standard Life Aberdeen […]
NS&I has launched a new client reporting service for advisers as it pledges further help for IFAs frustrated at accesses to its products. Head of intermediary relationships Andrew Pike says the tool on its Adviser Helpline will save time for advisers tracking down client information and “make NS&I easier to do business with”. NS&I courts […]
International advice firm deVere is expanding its graduate training programme in a bid to plug “the impending financial adviser gap”. The firm says it will be looking to take on around 125 graduates this year, a significant increase on the 94 graduates who filled the programme in 2017. Trainees will work in many of the […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]
Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, discusses how the firm takes into account human behaviour when constructing their portfolio, specifically by embedding the idea of volatility targeting in all of their strategies.
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