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

SNS Reaal retail bank may cut hundreds of jobs

In July, the group said it was considering the sale of its insurance business, which is one of its main cash generators.

ME investors show interest in London property market

The number of UAE investors buying second homes in London continues to increase due to increased connectivity through frequent flights to the United Kingdom's capital and other cities from the emirates.

Cofunds reveals most popular funds in September

Other funds in the bestsellers list included the £12.7bn Standard Life Global Absolute Return Strategies fund, the £2.9bn Newton Global Higher Income fund and the £550m Liontrust Special Situations fund.

‘Platforms ignoring investment trusts’

The largest platforms are ignoring investment trusts, citing lack of demand but failing to provide the required whole of market offering to advisers, James de Sausmarez has claimed.

Saxo Bank buys Uruguayan broker

Luis Simões Pereira will head up Saxo Capital Markets, Agente de Valores. He has worked in the financial industry since 1996 and joined Saxo Bank in 2006.

Novia becomes first wrap to offer commercial property

Chief executive says platform is following in footsteps of Sipp and Ssas markets.

Ardon Gets Off The Ground With Family Office Seed

The Ardon Asia Fund will invest primarily in Australia, China, Hong Kong, Korea and Singapore

Axa Teams Up With Norwegian Wealth Fund to Buy German Properties

The properties were sold by Royal Bank of Scotland Group Plc in a deal that will probably be completed by the end of the year, Axa Real Estate and Norges Bank Investment Management said in separate statements today.

Aviva launch 'Thinking Book' for advisers

New Thinking uses the mnemonic MINDSPACE

Barclays to acquire ING Direct UK

Dutch banking group ING announced its plan to exit the UK in August, as it seeks to raise funds to repay a bailout from the Dutch government.

Cofunds names 85 RDR-fit groups

The platform aims to list 2,000 ‘clean fee’ share classes from fund groups by the end of 2012

Succession in public warning to members over Threesixty

Network says it has doubts over compliance services provider’s independence since Standard Life takeover.

Ian McKenna: Aegon makes last push to be RDR-ready

The first company to be reviewed in this series was Aegon

Several groups absent from Cofunds’ RDR-ready list

Major fund groups among those not on list of companies ready to go with ‘clean’ share classes when platform’s unbundled pricing model went live.

BNY Mellon to provide Allianz Global Investors with outsourcing solutions

BNY Mellon has been appointed to provide outsourced accounting and data management solutions to a range of discretionary mandates managed by Allianz Global Investors.

Norway’s Wealth Fund Buys 50% of U.K. Mall for $560 Million

The transaction, completed on 6 October, values the entire asset at £1.525 billion pounds, including debt.

Thomson Reuters and BlackRock Launch New Fixed Income Derived Analytics

Performing valuation and risk analysis on complex fixed income instruments can be a costly and time consuming process

Worldwide investment fund assets increased to EUR 21.4 trillion in Q2 2012

Investment fund assets worldwide increased by 2.7 percent during the second quarter to stand at EUR 21.42 trillion at end June 2012.

Standard Life Plc : Investment solutions and distribution partnership

Standard Life announces major investment solutions and distribution partnership with RBS

Alexander Forbes sells part of UK business for 17 million pounds

The acquisition of AFCA will impact on the scale of JLT, which will better enable it to meet the challenges of a changing employee benefits market; as well as consolidating its position as one of the UK’s leading full-service employee benefits consu

Alternative Investments