South Africa perplexed by ZAR 90bn of unclaimed assets
Most of which sits in retirement funds in part because of inadequate record keeping by intermediaries
Industry
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M&G unveils range of multi-asset funds in Ireland
To expand its offering for retail investors across Europe
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IFA consolidator scores trio of M&A deals
Just weeks after entering the Scottish market with a double acquisition
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Evelyn Partners buys investment management business
Deal brings in £90m in assets under advice
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Julius Baer buys stake in Chinese investment firm
To tap into the country’s growing onshore wealth management market
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Schroders expands model portfolio business to international market
It will offer active and sustainable models across risk profiles
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UK government names pensions minister
A day after Guy Opperman confirmed he was leaving the post
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Morgan Stanley fined $35m for client data failures in US
Personal information of 15 million wealth customers was allegedly not disposed of properly
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PE firm eyes sale of Italian life company
After regulator reportedly asked the insurer to increase its capital reserves by €250m
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Progeny acquires Scottish professional services group
It is the firm’s fourth M&A deal in the country
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International tech provider acquires ESG ratings firm
Deal will see the companies work together to create advice tools
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Regulation to force ‘wave of M&A activity’ in Middle East wealth market
While advisers in the region turn to DFMs to streamline investment offering