01/06/2013
Saltus cuts AMC on multi-asset range
The change has come into effect immediately and follows a rush of investment managers moving to streamline their retail and institutional share classes in time for the retail distribution review.
Wealth and Asset Management
01/03/2013
Credit Suisse plans new asset-backed bonus scheme
Full details to be announced internally later in January
01/03/2013
Largest IFA firms emerge restricted in post-RDR dawn
Move to restricted among larger firms contrasts sharply with survey figures for wider IFA sector.
01/03/2013
East west chasm over who generates London's wealth
“It’s a stark reminder that financial services are one of the only globally competitive businesses that the UK has.”
01/03/2013
AXA Wealth: Ready for RDR across entire proposition
Its final milestone was reached on December 31, when its specialist Family Suntrust family SIPP went live as an RDR-ready retirement solution
01/02/2013
FSA approves Succession platform
The money will be invested on a platform
01/02/2013
OCM Wealth Management launches DFM platform
Platform Plus is part of OCM Wealth Management’s IFA brand ‘Daedalus’
01/02/2013
London & Capital achieves 33% AUM growth in 2012
Growth for the 26 year old firm has been achieved through a 66% increase in AUM from US clients domiciled in the UK
01/01/2013
How Fleming Family's wealth arm will help it defy industry's woes
The firm has had a busy year, undergoing two acquisitions, key hires and a programme of change, and as it previously lamented, 2012 turned out to be a 'difficult' year as markets remained volatile.
01/01/2013
The rich got richer again, according to billionaire index
Last year was a great one for the world’s billionaires
01/01/2013
IFA buys book of 1,000 Kleinwort clients in RDR clear-out
Advice firm moves to strike deals with private banks for clients they can no longer serve under new rules.
01/01/2013
Succession gains FSA approval for vertically integrated status
Vertically integrated firms act as both a provider and distributor.
01/01/2013
Coutts Beats Annual Charity Fundraising Target For London's Air Ambulance
Numerous fundraising activities were organised throughout the last twelve months, including comedy nights, a sponsored abseil and a 10k run.
12/30/2012
Ex-FSA chief knighted in New Year honours list
He steered banking regulator through period of unprecedented turmoil before stepping down in June.
12/30/2012
UK's top bankers earned £1m each in 2011
Major banking employers required to release information in wake of financial crisis
12/30/2012
French high flyers say bonjour to UK
Boris Johnson exhorted the French to “venez a Londres, mes amis”. It seems his words are being heeded.
12/26/2012
Secure Trust Bank takes over V12 Group Finance
The acquisition is expected to be earnings enhancing for STB in the 2013 financial year.
12/26/2012
Crispin Odey suffers £6m pay cut
The decline followed a tumultuous 2011, which Mr Odey has described as a “pretty horrible year”
12/22/2012
Lotto winners want compensation from Coutts after 'wrong advice'
The unidentified couple from Devon who won the lottery in 2001, are now hoping to win a substantial amount of compensation from Coutts.
12/20/2012
Mirabaud opens third Spanish office
With its reputation under attack, investors say there's no way of knowing how many risk-conscious clients will stick around while UBS atones for its Libor sins.