11/27/2023
ESG fund managers who bet big on tech are worried about blowback from ‘AI systems going rogue’—and talking about a ‘kill switch’
The ESG investing industry may be more exposed to such risks than most, after taking to tech in a big way.
Alternative Investments
11/27/2023
PFS celebrates 100 new chartered and fellow members
PFS chartered status is recognised by peers and those seeking advice as a symbol of technical competence and public commitment to professional standards.
11/27/2023
AJ Bell enters money market MPS club
It becomes the latest firm to launch a money market MPS, following the likes of Tatton and Elston.
11/27/2023
Pictet makes first direct private equity investment
The firm hired a specialist direct private equity team last year.
11/24/2023
Shropshire businesses inspired by Nottingham Forest and England legend
Over 100 clients and contacts of a Shropshire accountancy firm had the chance to meet one of England’s most highly-regarded football defenders at a special charity event.
11/24/2023
Perspective adds £205mn AUM with Chelmsford-based firm
Perspective now has 500 staff, 38 local offices and 140 financial planners, a third of whom are qualified to chartered level or above.
11/24/2023
JTC to acquire Blackheath
The transaction is subject to various closing conditions and final regulatory approvals and is expected to complete during Q1 2024.
11/24/2023
Seccl and Moneyinfo team up to launch client onboarding integration
Throughout the process, the integration will connect to Moneyinfo’s customisable workflows – allowing advisers and clients to be notified of completed steps via its adviser desktop and mobile app.
11/24/2023
Allianz to write more outwards reinsurance from captive re unit
Reinsurance for third-party clients contributes just over 1/3 of segment revenues.
11/24/2023
PP Investment Awards 2023: The winners
Awards recognise asset managers over a broad range of specialisms
11/23/2023
Acquisition of Responsible Life and Responsible Lending
The acquisition will enable Royal London to support Responsible Group to continue delivering innovative later life solutions and scale the provision of later life lending in what it believes will be a growing market.
11/23/2023
Investment Week reveals winners of Women in Investment Awards 2023
Seventh year of the awards
11/23/2023
Rightmove confirmed as Nick Train’s new purchase
The Lindsell Train portfolio manager has bought shares in the property website for his Finsbury Growth & Income investment trust and £4.1bn UK Equity fund.
11/23/2023
HSBC share price slides after RBC downgrades stock
RBC predicted that lower rates would pose a “material headwind” of around $5bn over the next two years but would be offset by balance sheet growth.
11/22/2023
Aegon uses portfolio management to ‘form partnerships’ with advisers
The funds range from risk managed 1 to risk managed 6, each displaying different levels of risk.
11/22/2023
Helvetia expects exceptionally high claims expenses from severe weather and major events in the third quarter of 2023
Helvetia registered an above-average number of intense natural disaster events in the second half of 2023.
11/22/2023
Trott makes her mark on Treasury as pension ‘pot for life’ confirmed at Autumn Statement
The idea marries nicely with the Chancellor’s aim of funnelling more money into the UK economy through a concentration of workplace pensions who are able to do so.
11/22/2023
Pensioners set to get over £11,500 from state pension and benefits keep original uprating mechanism
This level of uplift follows the inflation matching 10.1% boost that saw the 2023/24 state pension rise to £203.85 a week, or £10,600 annually.
11/21/2023
Edward Jones Opens the Door for Advisors to Take Discretion
A former senior manager at the firm said that Edward Jones had historically only allowed portfolio managers in the home office to have discretion out of concern for potential liability
11/21/2023
IQ-EQ wins two awards in the Asset Servicing Times Industry Excellence Awards 2023
The awards are dedicated to supporting and recognising talented and dedicated firms, individuals and departments across the financial services industry.