US introducing RDR ‘through the backdoor’
Recent moves in the US suggest that the country is bringing in its own version of the retail distribution review “through the backdoor”, according to Capgemini Consulting’s Rod Bryson.
Author: Kirsten Hastings
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Advisers losing out due to customer experience not price
Advisers are losing business because they are failing to provide clients with a good customer experience, not because other companies are beating them on price, according to Rod Bryson, principal – wealth, long-term savings and insurance at Capgemini Consulting.
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Limited guaranteed income options a blow to pension freedoms
Annuity rate cuts and all-time low interest rates are risking the success of pension freedoms by limiting the choice of guaranteed retirement income solutions and pushing savers into unprotected drawdown, according to MetLife.
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PEOPLE MOVES: Axa, Legal & General, Aegon
Axa Asia has named a chief executive of Life & Savings and Distribution, while Legal & General have added to its investment and pension risk transfer businesses with two appointments. Aegon Asset Management has bolstered its American real estate advice business with three people moves.
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Crossbridge Capital to unveil platform for HNWI in Singapore
Wealth management firm Crossbridge Capital is to target Singapore’s “underserved” US expatriate market with the launch of the country’s first digital advisory platform for accredited investors, with at least $2m (£1.5m, €1.8m) in net personal assets.
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Guernsey regulator fines Louvre Fund and two directors
Guernsey-based Louvre Fund Services and two of its executive directors have been fined under the island’s protection of investors law.
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Fecif launches EU regulatory database for advisers
Advisers across Europe will be able to stay ahead of regulatory and legislative changes following the launch of a database and documents library by the European Federation of Financial Intermediaries and Financial Advisers (Fecif).
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Standard Life acquisition of Almary Green called off
Standard Life subsidiary 1825 has confirmed that discussions to buy Norwich-based independent advice firm Almary Green have ended by “mutual agreement”.
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Jersey, Guernsey and US regulators target Providence Global
The Jersey Financial Services Commission (JFSC) is working closely with its Guernsey counterpart and in parallel with US regulators against wound-up financial services firm Providence Global.
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UK-based LJ Partnership acquires HK advice firm Guggenheim
Global investment management business LJ Partnership has acquired Guggenheim Investment Advisors (Hong Kong) from Guggenheim Partners, having already bought the firm’s advisory businesses in Geneva and Miami.
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ADGM issues scam warning for Rothschild Gulf Investment Bank
The Financial Services Regulatory Authority (FRSA) has issued an alert relating to claims made by Rothschild Gulf Investment Bank (RGIM) about operating in the Abu Dhabi Global Market (ADGM).
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Hong Kong insurance opportunities lie in ‘muddy waters’
Domestic insurance firms in Hong Kong are taking the lion’s share of the Asian cross-border market as they are more willing to operate in muddy waters, says NMG Consulting principal consultant, Edmund Campbell, speaking at International Adviser’s Fund Links conference in London on Wednesday.