Schroders takes stake in Singapore digital adviser
Asset management firm Schroders has taken a minority equity stake in WeInvest, a Singapore based digital wealth adviser.
Author: Tom Carnegie
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PEOPLE MOVES: SJP, Artemis, BlueBay
International wealth management group St James’s Place makes several changes to its range of funds, Artemis appoints Jasper Berens, former JP Morgan Asset Management UK head, to take over its head of distribution and Martin Currie poaches from Blackrock.
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Cayman Islands bids to alter constitution after UK ‘overreaches’
The Cayman Islands Government has entered into dialogue with the UK to change parts of its constitution, as it looks to prevent Britain being able to legislate and impose its will on the jurisdiction.
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Lucrative opportunities for Hong Kong advisers
Nothing beats getting your boots on the ground when it comes to truly understanding how a place ticks, to know something, you have to experience it.
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Honeymoon over for robo advice
The UK’s Financial Conduct Authority (FCA) has made it clear it will hold robo advice firms to the same high standards as human advisers, with experts saying the honeymoon is now over for those trying to curb the rules.
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Customers of failed Sipp investor paid out
The UK’s Pension lifeboat scheme has made its first compensation payments, totalling £5.7m (€6.4m, $7.6m), to customers of the failed discretionary fund manager Strand Capital.
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SJP chair steps down
St James’s Place (SJP) has announced its chair and director of the company Sarah Bates is retiring and will be replaced by a senior independent director, as the company implements its updated succession plan.
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Pension transfer boom over says Lang Cat
The UK’s pension transfer boom could be over, according to research released by financial services consultancy firm The Lang Cat.
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Sweeping changes announced to UAE visa system
United Arab Emirates (UAE) lawmakers have approved a long-term visa for international investors and talented professionals and are set to introduce a law that will allow foreigners to own companies outright in the Gulf state.
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Carrick Wealth names Botswana head
Financial adviser firm Carrick Wealth has appointed one of its own to lead its Botswana operation, with a remit to ensure the firm maintains and grows its strong presence in the nation.
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FCA warns firms of robo-advice failings
Firms offering robo-advice have been accused by the UK’s Financial Conduct Authority (FCA) of using unclear charging structures and failing to protect vulnerable clients.
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Russian dirty money entering UK through BOTs, report says
Money laundering is a matter of national security for the UK, and it therefore has the constitutional right to make British Overseas Territories (BOTs) introduce public registers of beneficial ownership, according to a select committee report.