06/02/2016
Old Mutual faces revolt over CEO payout
Hemphill’s 2016 base salary is proposed at £900,000, which means he could earn £9m as part of the long-term incentive plan over the three years Old Mutual aims to complete the break-up.
Wealth and Asset Management
06/02/2016
Norwegian sovereign fund should act on tax transparency, MPs say
In a chapter of the report examining the existence of tax havens, the committee said it believed improving reporting and tax transparency requirements for companies in which the NOK7.
06/02/2016
Listed wealth manager signs platform deal with SEI
This is expected to help position the firm - which currently has £2.7 billion of assets in its wealth management arm - for further growth.
06/02/2016
SJP: ‘Pension exit charge cap won’t impact us’
UBS analyst Colm Kelly said: “A ban on the charging of surrender penalties to enable more freedom around switching would have material consequences for SJP’s earnings profile.”
06/01/2016
Wealth Managers Should Mind the Digital Gap
This dissonance, PwC believes, leaves the wealth management industry particularly vulnerable to disruption from FinTech innovators.
06/01/2016
Standard Life rules out further platform takeovers
This trend of consolidation in the platform market is what is giving Mr Tiller grounds to believe there will only be five adviser platforms by 2021.
05/31/2016
Private equity firm in £33m broker deal
According to the Office for National Statistics, self-employment has now reached a 40-year high and makes up around 15pc of the UK workforce.
05/31/2016
HSBC chief Stuart Gulliver tops investors’ choice for removal
The findings underline the growing frustration of shareholders at the performance of HSBC.
05/31/2016
Investec W&I strikes key accountancy deal
Furthermore, Investec W&I will work alongside the professional accountant body on two of its flagship events later this year.
05/31/2016
British Polo Day: a networking platform for movers and shakers
As guests of British Polo Day, most of us are staying at the palace — a hotel voted, that very day, as the best in the world by TripAdvisor’s Travellers’ Choice Awards.
05/31/2016
Firms’ legacy client moves hamper adviser relations
Both of these moves, however, have attracted criticism from advisers.
05/31/2016
Fairstone strikes deal with Lancashire advice firm
McParland & Partners has more than 2,000 clients and is based in Nelson, Lancashire, with satellite offices in Manchester and Sheffield.
05/30/2016
Jacob Rothschild makes move to acquire rival Alliance Trust
RIT Capital disclosed a stake of less than 3 per cent in Alliance Trust last year, according to UK regulatory filings.
05/27/2016
Panama Papers: Mossack Fonseca closes island offices
Jersey, where the company has had a small office for 20 years, was mentioned many times in the leaked documents.
05/27/2016
Arbuthnot to sell up to 31.9 pct stake in retail bank Secure Trust
The sale would generate gross proceeds of about 145 million pounds ($213 million), Arbuthnot said.
05/27/2016
Tilney Bestinvest welcomes Towry with £17.6m profit
The combined firm with have 240 financial planners and 120 investment managers on its books, operating from over 30 locations across the UK.
05/27/2016
AP Executive Wins Global Award 2016
The winners were chosen after a rigorous nomination and selection process
05/27/2016
The wealth manager turned watchmaker who's totting up sales of £8.5m a year indulging his passion
To the outside world, the centuries-old watchmaking business might seem like an odd choice of profession for the young and inexperienced to break into.
05/26/2016
Lux group ups UHNW expansion with Swiss bank purchase
This purchase comes just three months after the Luxembourgese bank acquired Banco Populare Luxembourg S.A.
05/25/2016
German Wealth Managers will lose market share to Robo-Advisors over next 2yrs: Verdict Financial
The company’s latest report states that, of developed markets, HNW clients in Germany show the greatest interest in automated advice platforms.