Two UK financial advice firms go bust
Lifeboat scheme has already received pension-related claims against them
Industry
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Brexit fails to stop Brits flocking to the EU
Blevins Franks talks to IA about the rise in inquiries from expats for financial advice
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IFA group makes triple acquisition
Firm has its ‘biggest ever pipeline’ of deals
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Paul Feeney steps down after a decade as Quilter CEO
He says ‘it’s time to pass the baton’
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Advice firm hits £1bn AuM mark with Welsh IFA deal
It is the company’s third acquisition in three months
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US in the news: Mercer Advisors completes double deal
A round-up of people moves and M&A deals across North America
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DB transfers plunge 53% in three years
Drop is culmination of ‘limited availability and increased cost of advice’
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Wealth managers turn to illiquid assets for higher returns
As 42% want third-party support around ESG investment offerings and integration
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PEOPLE MOVES: Nedgroup Investments, CII, Morningstar WP
Asset manager names MD of international business, as professional body appoints president
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Aussie wealth firm buys superannuation business for A$4.6m
After receiving A$10m financing from banking group Westpac
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Seven firms go bust in August and September
FSCS has paid out £184m in compensation in five months to clients of failed businesses
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Mini-bond compensation scheme to end in October
Around 99.5% of victims have been paid redress