Parmenion swoops on £1.9bn DFM
Deal forms part of adviser platform’s ‘ambitious growth strategy’
Author: Kristen McGachey
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Aggressive cost cuts cushions Quilter profits from 12% blow to assets
But CEO warns full-year operating margins could dip if revenue headwinds remain
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Boutique favourites among £10.7bn ‘dog’ funds in Bestinvest report
Previous ‘pawful’ performers from Invesco and SJP redeem themselves in latest edition of Spot the Dog
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UK investment platform to launch ‘augmented advice’ service
Firm poaches deputy managing director of M&G Wealth Advice to lead offering
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FCA mulls broadening retail access to long-term asset funds
Certain investors would need to show they understand the risks and redemption periods before investing
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Saudi conglomerate snaps up £224m stake in M&G
Kingdom Holding Company is controlled by prince and billionaire Alwaleed Bin Talal
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Aviva and Vanguard make MPS push following red hot demand
46% of UK wealth managers plan on using model portfolios more extensively over the next two years
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Tilney S&W emphasises hybrid approach with Bestinvest relaunch
DIY investors will have free access to investment ‘coaches’ who are ringfenced from its army of advisers
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Protestors slam FCA’s ‘chronic and catastrophic’ failings
They also accused the regulator of being ‘morally bankrupt’ as they marched to Parliament
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M&G chief executive John Foley retires
He steered the fund group through its demerger from Prudential in 2019
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FCA to make listed companies disclose board and C-suite diversity
‘Targets alone seldom achieve much; corporate culture change is required’
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Gam fined £9m for conflicts of interest involving Greensill
Sacked bond manager received £22,000 worth of gifts and entertainment