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

Standard and Friends to launch new drawdown offerings in 2015

Paul Matthews, chief executive of Standard Life UK and Europe, said the company was set to launch a new drawdown product in 2015.

Zurich profit up 10 per cent for half-year

We are very pleased with how our business is maintaining growth

Aviva sees value of new UK life business fall 21%

The drop was announced in annual results which showed group operating profit of £1.1bn, up 4 per on 2013

UBI Banca, Ageas and BNP Paribas Cardif Redefine their Strategic Partnership

UBI Banca, Ageas and BNP Paribas Cardif redefine their strategic partnership in the non- life Banc assurance secto

L&G profits boosted by jump in bulk annuities

Insurer Legal & General's profits rise 9pc on increases in annuity sales, insurance premiums and savings

Pensions: a brave new world

He says current drawdown solutions with limited investment options, which some providers may offer, could be asking for trouble, and that increased governance will be placed on advisers and providers when dealing with a new type of drawdown client.

ING Boosted by Insurance Unit

Dutch Bank Reports Rise in Second-Quarter Profit

Rice & Russell receive FCA approval for new funds

The Financial Conduct Authority (FCA) has approved four new funds from Sanditon, the firm created by former Cazenove managers Tim Russell and Chris Rice.

Aegon UK working with IFAs to boost protection division

Speaking as the company hired two people to help drive the growth of the protection division, Mr Grant said that Aegon had exciting and ambitious plans for the business.

BNP Paribas REIM Germany reaches €94m 2014 debt acquisition

BNP Paribas REIM Germany, participating in a junior loan tranche of €24m of the Düsseldorfer Hypothekenbank as its latest deal, has now acquired €94m in debt year to date for its credit funds, and said it expects to conclude more transactio

SLI profits up sharply on big increase in fee revenue

Operating profit at parent group Standard Life + rose more than 10% over the period from £304 million to £339 million

Praemium to sell Smartfund range in Europe, Asia and Middle East

It has also increased the level of active management on its five Smartfund sub funds, and has restructured the portfolio range from an authorised unit trust structure to an open ended investment company structure.

Qatar royal family said to be bidding for the Gherkin

The Frankfurt office block, The Squaire, has a price tag of €850 million

Carlyle see Q2 earnings double

You have to be careful about businesses that rely on the consumer in Italy or Spain

Investcorp reports fifth consecutive year of profits, with 25% increase in net income for Fiscal 2014

Our strong performance once again confirms the success of our model

Aberdeen Gets Asian Institutional Money For Infrastructure Fund

Aberdeen Asset Management has raised $168 million from Asian institutional investors for its fifth infrastructure fund, which will aim to invest in social and economic infrastructure projects supported by long-term government contracts.

Aviva Plans To Cut Millions From Tax Bill

The newspaper cited comments made by Stoddard at a recent investor day at which he said the insurer has been too focused on producing pretax operating profit.

Man Group Assets Under Management Up 7%

Adjusted pretax profit rose 10 percent to $148 million in the first half from a year earlier, the company said.

Tax haven buyers set off property alarm in England and Wales

At least £122bn of property in England and Wales is held through companies in offshore tax havens where ownership is difficult to trace, a Financial Times analysis of Land Registry data has found.

Sanlam Private Investments reveals mid-year review

Unicorn UK Income is producing “solid” returns despite the death of lead manager John McClure, according to the Sanlam Private Investments Income Study mid-year review.

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