European Wealth CEO departs as losses deepen

European Wealth CEO departs as losses deepen

The group chief executive of Guernsey-based European Wealth, John Morton, has decided to leave the company a week after announcing he would be taking an indefinite leave of absence and the company reported a loss for the first half of 2017.

Published : 20, Sep 2017
August retail sales defy expectations

August retail sales defy expectations

In a surprising turn of events, the Office for National Statistics reported that August retail sales in the UK delivered strong volume growth against the odds.

Published : 20, Sep 2017
S&W adds to outsourcing team with Barings hire

S&W adds to outsourcing team with Barings hire...

Smith & Williamson has strengthened its outsourced investment services team with the hire of Matthew Finch from Barings.

Published : 20, Sep 2017
Sentiment to UK worse than after Brexit vote

Sentiment to UK worse than after Brexit vote

Investors are less confident in the UK now than they were in the aftermath of the Brexit vote or the UK snap election, according to the latest reading from the Lloyds Private Bank Investor Sentiment Index (LPBIS).

Published : 20, Sep 2017
Platform backs blockchain as key to costly asset transfer market

Platform backs blockchain as key to costly asset...

SEI Wealth has revealed plans to transform the “error-prone” asset transfer market by harnessing blockchain technology.

Published : 20, Sep 2017
Alliance Bernstein signs distribution deal with Raymond James

Alliance Bernstein signs distribution deal with...

Alliance Bernstein (AB) has forged a distribution partnership with Raymond James’ UK wealth management arm, allowing clients to access nine strategies on its platform.

Published : 19, Sep 2017
US equity rally has no solid footing

US equity rally has no solid footing

The S&P 500 just keeps setting new all-time highs, but the rally could soon reverse since it’s driven increasingly by technology stocks alone.

Published : 19, Sep 2017
M&G to revamp Global Basics fund

M&G to revamp Global Basics fund

M&G wants to change the name and investment policy of its £2.1bn M&G Global Basics fund so that it can invest beyond just ‘basic economies’.

Published : 19, Sep 2017
Government must tackle £200bn consumer debt crisis

Government must tackle £200bn consumer debt crisis...

The Financial Conduct Authority has called on the government to come up with a solution to Britain's dangerous ballooning consumer debt problem.

Published : 19, Sep 2017
Fresh recruits aid Brown Shipley expansion

Fresh recruits aid Brown Shipley expansion

Brown Shipley has added to its Edinburgh office in a fresh push to expand its wealth management services.

Published : 19, Sep 2017
Why the bull market dip has been and gone

Why the bull market dip has been and gone

Fears the globe is coming to the end of an eight-year bull market are based on a complete misconception according to former Neptune fund manager, Felix Wintle.

Published : 19, Sep 2017
Candriam bolsters €35.2bn fixed income line

Candriam bolsters €35.2bn fixed income line

Candriam has expanded its fixed income range with the launch of a total return defensive bond fund.

Published : 19, Sep 2017
Asset management's problem with race

Asset management's problem with race

A benchmark study from the Diversity Project has found that racial diversity remains one of the biggest issues facing the asset management industry.

Published : 18, Sep 2017
Why the ECB will not hike rates until 2019

Why the ECB will not hike rates until 2019

The European Central Bank (ECB) will begin unwinding its monetary stimulus programme this year but investors shouldn’t expect a rate hike until at least 2019, according to analysts at Lyxor Asset Management.

Published : 18, Sep 2017
Senior Fidelity staff hit with redundancy offer

Senior Fidelity staff hit with redundancy offer...

Senior staff at Fidelity International have been offered voluntary redundancy as the asset manager tries to trim its size and cut costs. 

Published : 18, Sep 2017
Boutique joins list pledging to absorb Mifid costs

Boutique joins list pledging to absorb Mifid costs...

SVM Asset Management has announced it will take on the cost of external research under Mifid II rules next year.

Published : 18, Sep 2017
Govt threatens crackdown on investors’ tax breaks

Govt threatens crackdown on investors’ tax breaks...

The Treasury has threatened to clampdown on a tax-relief system encouraging the wealthy to invest in start-up firms over fears investors are abusing the system.

Published : 18, Sep 2017
Equity ETF flows drop below €1bn

Equity ETF flows drop below €1bn

Net sales of equity ETFs fell dramatically in August, according to Lipper data, with net flows into eurozone equity ETFs showing the biggest drop, falling into negative territory.

Published : 18, Sep 2017
Terry Smith to launch sustainable equity fund

Terry Smith to launch sustainable equity fund

Terry Smith is set to launch a fund with a focus on sustainable investing, according to an update on the Financial Conduct Authority register.

Published : 18, Sep 2017
GAM poaches Artemis’ Gosden for fund launch

GAM poaches Artemis’ Gosden for fund launch

GAM has hired former Artemis partner Adrian Gosden as an investment director to manage a UK equity income fund it will launch later this year.

Published : 18, Sep 2017

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