Eastspring enters French market
Prudential’s Asian investment management arm, Eastspring Investments, has opened up a Luxembourg Ucits Sicav for distribution in France.
Author: Sam Shaw
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Old Mutual completes Singapore acquisition
Old Mutual Wealth announced on Tuesday that it has completed its acquisition of Singapore-based expat advisory business AAM Advisory.
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Jailed former IFA has landmark sentence extended
Former financial adviser Philip Boakes was sentenced to a further 730 days’ imprisonment on Tuesday for failing to satisfy the £165,731 ($237,877, €213,703) Confiscation Order against him.
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Strong net flows boost LGIM’s pension assets
Legal & General Investment Management (LGIM) reported a 402% increase in external net asset flows in its annual results, rising from £7.5bn ($10.8bn, €9.7bn) in 2014 to £37.7bn in the year to 31 December 2015.
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Offshore bond uplift after new LTA cap is wishful thinking
Providers expecting the reduced lifetime allowance (LTA) to spur offshore bond sales to UK residents are guilty of “wishful thinking” according to a number of distributors, who are failing to see any increase in appetite.
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UBS, Deutsche Bank lose major UK banker bonus tax case
HM Revenue & Customs (HMRC) has shut down a major tax avoidance scheme used by bankers at UBS and Deutsche Bank to avoid paying around £135m in tax.
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France paving the way for responsible investing
Regulation is forcing companies to become more accountable for responsible investment but a greater effort is needed, according to Axa Investment Managers.
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Scale of US financial adviser misconduct revealed
Around 7% of financial advisers in the US have misconduct records, according to a report by a US-based research group called The National Bureau of Economic Research
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Hybrid pension plans can be good value, says Defaqto
Formerly seen as the domain of high-net-worth clients, hybrid retirement solutions are now equally important for clients with more modest pension pots, according to independent financial research firm Defaqto.
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FEIFA teams with Moneycorp for FX services
The Federation for European Independent Financial Advisers (FEIFA) has established a partnership with foreign exchange and international payments platform Moneycorp.
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UK adults in their 40s and 50s poor retirement planners
Half of UK residents in their 40s and 50s have not yet started planning for their retirement, according to a recent Aviva study.
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BNPIP Equity World Aqua gets new sterling share class
BNP Paribas Investment Partners has launched a sterling share class for its L1 Equity World Aqua Fund in response to greater demand from UK institutional and wholesale clients.