All articles by Verdict Staff
Verdict Staff
Money advice service bill for UK advisers set to rise by 63%
The FCA has proposed a new way of funding the Money Advice Service (MAS) which will see advisers hit with a 63% increase in costs next year and a total MAS bill for 2014/15 of £4.4million.
Booz & Company report on UK demographic and wealth distinctions
Booz & company UK, yesterday released a wealth survey covering 56 population segments in the UK. The results were based upon demographic and wealth distinctions, overall establishing how the products and services offered by many current banks don’t adequately service those in the middle of the ‘wealth pyramid’.
Scotiabank officially rebrands DundeeWealth as HollisWealth
Scotiabank has said that HollisWealth will officially replace DundeeWealth as the brand effective immediately.
JP Morgan Asset Management launches new emerging markets fund in Luxembourg
JP Morgan Asset Management has launched a new Luxembourg-domiciled emerging markets fund that combines investments in debt and equity with JPMorgan Funds.
LGP recruits Imogen Ebbs from Lloyds Banking Group
Legal & General Property has appointed Imogen Ebbs as a Senior Asset Manager, to support its LPI (Limited Price Inflation) Income Property Fund, further adding to the diverse range of skills and expertise held across LGP’s fund management platform.
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Noonday Asset Management changes name to Farallon Capital
Noonday Asset Management has said that it will now operate under the name Farallon Capital.
RBS wealth arm registers 7% decline in Q3 income
The wealth arm of Royal Bank of Scotland Group (RBS) has reported a total income of £271 million (US$435.49 million) for the third quarter of 2013, a decline of 7.2% compared with £292 million (US$468.01 million) a year ago.
Citi appoints wealth management head in EMEA
Citi has appointed Anil Wadhwani as head of its wealth management businesses and consumer banking in Europe, the Middle East and Africa (EMEA).
Nordic-domiciled funds as a group deliver attractive ongoing charges relative to European markets: Morningstar
Morningstar Denmark, a subsidiary of leading independent investment research provider Morningstar, today published a detailed research report, ‘Expenses in Nordic Investment Funds in a European Context’, which investigates whether investors can benefit from a lower ongoing charge depending on where in Europe their funds are domiciled.
Brewin Dolphin shuts Stoke office
British financial planning firm Brewin Dolphin is shutting down its Stoke office and making four support roles redundant.