08/20/2020
Baillie Gifford launches health innovation fund managed by AAA-rated PM
The Worldwide Health Innovation fund invests in companies tackling global healthcare challenges.
Alternative Investments
08/20/2020
Woodford investors to receive additional £183m
This will mean that a total of £2,450,413,385 will have been distributed to investors since the commencement of the winding up of the Fund.
08/19/2020
ASI shuts poor performing fund as backer exits
Small funds face a number of operating difficulties as they are unable to benefit from economies of scale.
08/18/2020
Phoenix Financial PR Again Shortlisted for Moneyage Awards
The Awards, celebrating excellence, innovation, and professionalism in the personal finance space, honour the providers and advisers
08/18/2020
World’s largest sovereign wealth fund reports $21 billion loss after ‘volatile’ first half of the year
It had 69.6% invested in equities, 27.6% in fixed income and 2.8% in unlisted real estate.
08/18/2020
Tiny trust bats off M&G takeover attempt
But the board of UK Mortgages immediately rejected the offer and M&G confirmed it did not intend to make another bid for the company.
08/17/2020
Amati Aim VCT PLC Triggers 'Over-Allotment' Facility to Raise Further £20M
The Offer is scheduled to close on 16th October but will close earlier should capacity be reached.
08/17/2020
JP Morgan defies all odds to dominate forex with a 10%+ market share
To harness this potential, it launched an eFX algorithm that seeks to minimize market impact on order placements.
08/17/2020
UBS beats Amundi as top European manager of retail investor assets
Swiss bank’s fund arm cements position as rival suffers large redemptions
08/14/2020
Taking up to 25% tax-free cash from a pension – what you need to know
We take a look at what you need to know about taking tax-free cash from a pension, and uncover some of the most common misconceptions.
08/14/2020
UK life insurers pay out $118m in three months over COVID-19 claims
Life insurers have been hit by the pandemic but their losses are being seen as limited.
08/14/2020
Wren Sterling gains £68m in Woking IFA acquisition
John deserves his retirement after many years of guiding clients
08/13/2020
Aegon profits up as platform rebounds
Net inflows into the business hit £2bn in the first half of this year, whereas in 2019 the provider saw net outflows of £1.9bn as the issues faced by advisers in 2018 started to take effect.
08/12/2020
Mystery buyer snaps up renovation project London home – for £18.6m
The fixer-upper home in upmarket Mayfair once belonged to the Onassis family
08/11/2020
Prudential plc 2020 Half Year Results
Strategic updates and performance highlights on a constant (and actual) exchange rate basis
08/11/2020
Raiffeisen Bank 2Q Earnings Fell as Virus Hit
In its first half, Raiffeisen booked EUR312 million in impairment losses on financial assets, mostly due to the Covid-19 pandemic, compared with EUR12 million during the same period last year, it said.
08/10/2020
Options and Wahed Invest launch halal workplace pension
The firms said the scheme will allow British Muslims "to enjoy generous tax advantages without compromising on their beliefs".
08/10/2020
Ascentric assets fall as Royal London reports loss
Royal London agreed to sell Ascentric to M&G in May and is currently waiting for approval for the sale from the Financial Conduct Authority.
08/07/2020
Standard Life Aberdeen – Some signs of progress
Cost savings from the merger of Standard Life and Aberdeen Asset Management are still ticking up, and together with efficiencies elsewhere in the business that sets the group up well if it can get money through the door again.
08/07/2020
Waived Woodford fees hit Hargreaves revenues
The Woodford Equity Income, which is now in the process of being wound down, featured on Hargreaves' Wealth 50 buy list right up until the day it was suspended in June last year.