Standalone robo-advisers struggling to survive
Has the wealth management industry reached peak robo?
Industry
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British expats living in EU launch Brexit legal challenge
UK expats based in Spain, France and Italy claim the Brexit referendum was unconstitutional
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DeVere’s UK profits hit by regulatory investigation
Significant costs push annual losses up 30%
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IFAs claim ombudsman biased towards complainants
In a recent IFA survey, 83% thought the financial ombudsman treated them as “guilty until proven innocent”
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Firm set up by jailed IFA must cease regulated business
The founder is serving seven years in jail for a range of offences, including sexual assault
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Architas UK inflows drop 70%
Axa-owned multi-manager joins the rank of fund groups hit by volatile markets in H1
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PEOPLE MOVES: Aberdeen Standard, Brewin Dolphin, LGIM
Aberdeen Standard bolsters Hong Kong team, Brewin Dolphin hires a CFO, retail sales shake up at LGIM
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Celebrities and business leaders among 500 suing film scheme
Investors expect to recover around £200m from Ingenious film investments
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Lumiere Wealth fraud trial kicks off in Jersey
Chris Byrne is accused of losing £2.7m in client money via high-risk investments
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UK pension scam victims lose £91,000 each
Research shows 253 victims lost more than £23m to pension scams in 2017
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Chinese millennials – an untapped client pool for advisers
Only 44% of Chinese people aged 18-34 have started saving for retirement
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Singapore life industry premiums up 20% to S$2bn
A fifth of products distributed via financial advisers