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‘Significant milestone’ as AJ Bell surpasses 500,000 platform customers

Revenues are also up 27% to £131.3m, while profit before tax has risen by 47% to £61.4m.

Pensions pile on to platforms but outflows hit new highs

Platform asset growth continued the momentum gained in positive markets in Q4 2023 into the first three months of 2024.

Schroders unveils European Equity Impact strategy in response to client demand

The investment process includes extensive due diligence in the form of proprietary impact scorecards

Funding a UK discretionary trust with gifts from surplus income

There is the possibility that this very specific exemption could be removed if any inheritance tax changes take place as future governments consider reforms.

UK platforms lifted by stock returns but flows still under pressure

A total of 19 platforms were included in Fundscape’s Platform Report

How Guernsey boosts foreign investment into the UK

But it is facing stiff competition to attract that investment from the likes of countries including the US, France, Ireland and Singapore.

Major UBS shareholder joins Baloise

Now the Swedish financial investor has a foot in the insurance company Baloise.

Whitehall Group launches property-focused Sipp

The demand for a genuine Sipp is as high as ever due to the obvious tax advantages of holding bricks and mortar in one’s pension and we see no sign of this changing.

Parmenion to introduce tiered adviser charging on platform in response to user demand

In the light of Consumer Duty, it provides valuable support for advice firms who want to actively manage their charging structures to demonstrate the value they provide.

Funds Europe Awards 2024: who will champion private markets this year?

The 2023 Funds Europe Awards also introduced awards for asset classes, which included a sub-category for private markets.

Financial Information as of 31 March 2024 (1) Generali Group

Return to positive Life net inflows

Melo partners with longstanding online financial adviser community LifeTalk for ‘new voice’

Major asset management firm secures £125m from two local government pension funds

Asset management giant Gresham House has raised £125m in funding from two local government pension schemes.

Alpha Growth to acquire Guernsey-based Jeometri Insurance Managers

Wadley will be continuing as managing director of Jeometri and leading the business in its next phase of growth.

Parmenion adds tiered adviser platform charges amid changing business models

40% of advisers have or are planning to change their charges

BNP Paribas set to buy French life insurance business Neuflize Vie from ABN Amro and AXA

Neuflize Vie provides high-net-worth individuals, families and businesses with life insurance policies, retirement and estate planning services, and insurance products linked to investment portfolios.

Allspring adds global equity fund to climate transition suite

The main change is the introduction of a formal net-zero 2050 target.

Lazard launches US small cap equity Ucits fund

It will typically hold 350 to 400 stocks with the objective of outperforming the Russell 2000 Index over a full market cycle.

Abrdn reduces adviser platform charges following upgrade

The firm has reduced the number of pricing tiers from four to three and removed the administration charge on its Wrap Sipp.

New Semiconductor Institute welcomed by UK chip sector as part of £1bn strategy

It is one year since the UK government published its semiconductor strategy.

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