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Alternative Investments

09/06/2023

Swiss Life increases both operating profit and net profit on a comparable basis in the first half of 2023

Operating and net profit increased on a comparable basis, fee business subdued The Swiss Life Group achieved an operating profit of CHF 836 million in the first half of 2023.

09/06/2023

Call for 'Great British Isa' to boost UK economy

The proposed Isa would take up to £5,000 a year in addition to the annual Isa allowance which would go towards listed UK equities.

09/06/2023

Pension Superfund lowers offer for SIPP firm STM

The new offer is about 5% lower than the previous offer and implies Pension SuperFund will pay around £39m rather than £41m.

09/05/2023

IFA group snaps up three UK advice firms

Taking the number of acquisitions made this year to 15

09/05/2023

Single women's pension income now 40% lower than men

Total pension income for single women is £18,825 per year on average

09/05/2023

Just Wealth portal to help brokers refer clients for advice

The new technology was developed by the company and replaces a manual email tracker system.

09/05/2023

Canadian pension buys majority stake in 7IM from Caledonia

Investment trust Caledonia is to sell its majority stake in the wealth firm for £255m, after spending £100m on 7IM in 2015.

09/04/2023

Edinburgh financial advisory firm completes management buy-out

The firm will rebrand and relocate its head office to new premises in the capital's west end

09/04/2023

Perspective announces three further acquisitions

“I have decided it’s time for me to retire soon, though will continue to be involved with the firm for a short period to ensure a smooth handover."

09/04/2023

Home REIT begins 'formal and phased' board succession process

Board to be replaced within 12-months

09/04/2023

Edinburgh advice firm bought out by management team

As part of the changes, the firm will rebrand as Seven Street Wealth and relocate its head office to new premises in the west end of Edinburgh.

09/04/2023

UK Finance updates on cash industry environmental work

Cash in Transit providers have been using the latest in telematics data to ensure that vehicles are not left idling while collections and deliveries are made.

09/01/2023

CFT is keeping its eyes open for takeovers

This was achieved with an increase in income of 12.5 percent to 513.3 million francs.

09/01/2023

Only eight first-time funds close in Europe so far this year, report finds

According to PitchBook, it is a drastic fall from previous years as first-time fund managers face a tough time raising capital.

08/31/2023

Mortgage approvals further drop as property market seizes up

A decrease in mortgage approvals and only a slight uptick in remortgaging activity in July further underscores this cautious sentiment.

08/31/2023

Gender investment gap hurts long-term wealth, as AJ Bell expands Money Matters female investor campaign

It comes as the campaign publishes new findings which show only 35% of young investors are women.

08/30/2023

£38.5m deal for BT’s Leeds offices

The deal represents a net initial yield of 7 per cent.

08/30/2023

TAM seeds Pzena’s first Europe-ex UK value fund

Deep value specialist Pzena responds to demand from wealth managers with a new strategy run by a trio of Citywire-rated managers.

08/30/2023

Phoenix recruits for redundancy-risk roles

A posting for an application developer states some roles will be in “scope for redundancy or redeployment” across the group.

08/29/2023

Legal & General: ‘Bank of Family’ to provide £8.1bn in aid to first-time buyers during 2023

This insight stems from a joint research initiative by the FTSE100 company, Legal & General, and the Centre for Economics and Business Research (Cebr).

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