05/15/2014

Investment firm snaps up East Midlands IFA

The purchases mark the beginning of an ‘ambitious’ expansion programme for the recently established AIM quoted group as it plans to assemble a national financial services business.

05/15/2014

WealthSelect helps Old Mutual sales double to £1bn

CEO Paul Feeney said: "We are taking high quality wealth management services and making them available to all retail investors through our platform where they can view their investments at any time via our new online customer centre.

05/14/2014

Pimco outflows dent Allianz asset management earnings

German insurer Allianz saw 21.7 billion euros in net investment outflows from its bond fund manager Pimco in the first quarter, hurting performance fees and contributing to a 28 percent decline in asset management operating profit.

05/14/2014

Pimco troubles hit Allianz's net profit

Allianz SE's said Wednesday that first-quarter net profit fell 4% as a weaker contribution to earnings from its asset management business outweighed falling claims costs and revenue gains.