03/25/2014
IFP loses out to Shropshire IFA in NS&I jackpot bid
The Institute of Financial Planning has failed in its bid to supply planners to £1 million premium bond winners after losing out to a firm of four advisers based in Shropshire.
03/25/2014
Punter Southall forms strategic pact with Kent-based wealth firm
PSG group managing director Kenneth McKelvey will join the board of AFG, which will continue to operate independently under the leadership of chief executive David Taplin.
03/25/2014
F&C shareholders agree BMO takeover
Shareholders in F&C Asset Management have given the go-ahead for Canadian financial conglomerate BMO to buy the fund manager.
03/25/2014
F&C: responsible investment ‘continues to gather momentum’
Responsible investment “continues to gather momentum globally”, driven by investor values, risk management and the introduction of stronger codes and standards.
03/24/2014
British life insurance and pensions group in advanced talks to buy rival asset management unit
It is in "exclusive and advanced" talks to buy rival
03/24/2014
"Credit Suisse has been working on efficiency measures for some time," said a Credit Suisse spokesperson to Reuters, without confirming the report.
03/24/2014
Miton Group saw assets under management surge by 73.5% to £3.1 billion in 2013 on the back of its acquisition of PSigma.
03/23/2014
UK retirees will no longer be compelled to convert their retirement savings into an annuity contract.
03/23/2014
Pinnacle Private Wealth, a Woburn-based firm which provides customized wealth strategies for businesses and individuals, has merged with Wachusett Wealth Management of Leominster.
03/23/2014
British life insurance and pensions group Standard Life has announced it is in "exclusive and advanced" talks to buy rival Phoenix Group Holdings' Ignis Asset Management.
03/21/2014
Investment trusts chasing places in model portfolios may need an overhaul in order to meet wealth managers’ expectations of size and liquidity
03/21/2014
Morgan Stanley today announced that four UK-based charitable organisations will benefit from the Firm’s first UK Strategy Challenge.
03/21/2014
The Strategy Challenge is Morgan Stanley’s signature skills-based volunteer program, which provides non-profit organisations with pro bono strategic consulting.
03/21/2014
‘We are selectively recruiting investment professionals to try to capture flows
03/21/2014
Sanlam Private Investments (SPI) has created a new company to which professional connections can outsource their clients’ wealth management through a joint venture approach.
03/21/2014
Ex-UBS equities head to set up African venture
A former UBS executive who co-led the bank's equities team at the time of its 2011 rogue trading scandal, is to set up a brokerage and advisory business focusing on Africa.
03/20/2014
France's big banks are embracing an unlikely challenge - to prise away some of Germany's mighty Mittelstand of small and medium-sized enterprises from their local banking partners.
03/20/2014
Pioneers of Multi-family Office Sector to Create Major Combined Force
Newly appointed CEO to manage the expansion of the two firms
03/20/2014
Chairman and chief executive Henry Angest said: "This has been another significant year. Both banks have made good progress. We have substantially increased the net assets of the group and at the same time been able to pay shareholders a special divi
03/20/2014
Merrill Lynch Wealth Management and Edhec Business School Joins Forces to Advance Goals-Based Wealth Management
We are delighted to be able to work on the industry-relevant and intellectually stimulating subject of risk and goal allocation, thanks to our collaboration with Merrill Lynch on this research chair"