Axa Bank Europe, part of the global insurance and asset management giant Axa Group, has agreed to sell its Hungarian operation to OTP Bank in a move that will see it fully focusing on retail banking.
Despite an exodus of life companies and increasing oversight, Globaleye’s Byron Murphy says Singapore, in offering high-quality advice, remains a honeypot for IFAs.
Outflows from Europe and emerging markets dented UBS Wealth Management’s fourth quarter results, while annual inflows ebbed dramatically standing at less than a third of their 2014 levels.
UK online investment platform Rplan saw a 280% year-on-year increase in flows into Indian-only funds in 2015, as investors looked to capitalise on the stock market’s strong performance over the past year.
We’re now in the second month of the year and corporate musical chairs doesn’t appear to be slowing. In fact, opening International Adviser’s mailbox each morning to a slew of appointments, promotions, and departures is beginning to feel a bit like Groundhog Day.
Barclays has emerged as a potential buyer of TD Direct Investing, one of the biggest retail stockbroking businesses in the UK, in a move that could create a challenger to current market leader Hargreaves Lansdown.
Intrinsic, part of Old Mutual Wealth (OMW), has acquired the Financial Adviser School from Sesame Bankhall Group (SBG).
Legg Mason subsidiary Western Asset is launching two flexible fixed income funds for investors seeking returns from bonds in the current low rate environment while looking for some protection from principal losses.
Chinese authorities have arrested 21 people involved in a peer-to-peer (P2P) lending scheme suspected of defrauding 900,000 investors of around CNY50bn (£5.3bn, $7.6bn, €7bn).
Horror stories have been rife since HM Revenue and Customs (HMRC) committed to transforming and digitising the UK tax system at the March 2015 budget. To allay fears the tax regulator has addressed some of the myths that have arisen.
Legal & General Investment Management’s (LGIM) decision to change the way clients are charged for research ahead of the Mifid II deadline has been applauded by the co-founder of investment firm SCM Direct.
Amundi ETF has extended its smart beta range with the launch of a multi smart beta ETF which offers investors exposure to European equities.
