M&G reports 5% profits rise for 2024
Transformation plans, including cost cuts and simplification of asset management business, boosts progress
Industry
-
-
Quilter dominates Defaqto MPS performance awards
The wealth manager won the Cautious, Balanced and Growth categories
-
Invesco appoints new head of client solutions to ‘simplify global structure’
Georgina Taylor will drive the strategic focus of its multi-asset range, as well as managing 12 funds worth £1.1bn herself
-
Sparrows Capital makes double hire
Will focus on developing adviser relationships
-
FCA bans Crispin Odey from financial services industry
Fined £1.8m for a ‘lack of integrity’
-
IFAs warned not to delay succession planning
Research reveals only 31% of IFAs see it as ‘vital’
-
PEOPLE MOVES: Evelyn Partners, Jupiter, Artemis, Aberdeen
Three new hires across Leeds and Newcastle offices
-
PFS consolidates tools to help advisers with Consumer Duty
Regulatory environment is ‘characterised by heightened scrutiny and challenge’
-
Hargreaves Lansdown more than doubles its VCT partnerships
These firms bring an additional nine VCTs to its offering
-
FCA and PRA axe plans to impose stricter DEI rules for financial services
Further information on the FCA’s work on non-financial misconduct is expected in June
-
L&G Asset Management sees AUM fall by 2% amid outflows
L&G Asset Management grows revenue by 4%
-
FCA scrapping ‘name and shame’ public interest enforcement test
It will not take forward proposal to shift from exceptional circumstances test