- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

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.

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.

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.

Allianz achieves 2.6 billion euros operating profit in 2Q 2020

Second-Quarter 2020 Earnings Release

Half Year 2020 Earnings

The Group’s underlying earnings were Euro 1.9 billion, down 48%, and were up 1% excluding Covid-19 claims3 and the disposal of Equitable Holdings.

Aviva pre-tax profit dips 30% in first half of 2020

"We will update shareholders on all dividend matters, including the 2019 final dividend in the fourth quarter."

Pensions giant invests in climate transition fund

The fund’s managers will assess companies according to how they rank against their peers in terms of investing in areas such as energy production, clean technology and waste management.

CII pours praise on top performing insurance professionals

St James’s Place Craig Morrison picked up the best result in the CII’s Pensions

New Aviva boss warns she may shrink company's reach

This comes after Aviva's operating profit for the first half of 2020 was £1.2bn, down from £1.39bn a year earlier.

SimplyBiz partners with M&A specialist to grow buy-out scheme

It has received interest from over 100 financial advice firms

Big bond traders double down on bets on Europe

In Italy, Europe's first epicenter of the crisis, bonds have rallied to pre-lockdown levels and the 10-year rate is now a paltry 1%.

Fairstone secures £400m in latest acquisition

Mr Hartley added: "We are delighted to complete the final acquisition of Chiltern House, having worked closely with them throughout the integration phase.

Phoenix Group shakes up savings business

The creation of business units for the Open business reflects this focus and will ensure that the needs of each customer group are catered to specifically.

PK Group Completes Trotman & Co Acquisition

The Trotman team has significant experience in taxation which complements PK Group’s existing tax, financial planning and wealth management businesses.

AAM completes rebrand of Kames Capital

Operating under a single brand will also allow us to be more responsive to the changing markets and the evolving needs of our investors, ultimately ensuring that our client proposition and service remains best-in-class.

Prime Capital launches Liquid Alternatives Credit fund of funds

At the same time they provide attractive expected returns, mostly due to underlying complexities.

Euronext completes the acquisition of VP Securities

Euronext’s tag-along offer to acquire the remaining shares in VP Securities will remain open until 31 August 2020.

The dawn of the hedge fund era

While some strategies managed better than others, on the whole the sector fell short of expectations.

Apex Secures Middle Office Mandate for ETF Provider

This new partnership allows Tabula to benefit from Apex’s extensive experience of servicing ETFs and best-in-class technologies to enhance its operating model, reduce risk and minimise costs.

Amundi’s second-quarter results bolstered by ETFs

There was a “sharp recovery” in net flows for medium/long-term investments from institutional investors in Q2. €4.6 billion flowed into these strategies

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