PEOPLE MOVES: abrdn, Pimfa, Rathbones AM, Axa IM, Neuberger Berman, Jupiter
Xavier Meyer comes in
Industry
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Liontrust to cut 25 jobs as profits dip
Group will launch £4.5m in cost-saving measures over the coming months
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IHT receipts surge again as Budget discontent simmers
Record annual IHT take last tax year of £7.5bn likely to be beaten
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Royal London says advisers delivering better value than last year
The Meaning of Value Report 2024 shows an increase in positive sentiment
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Fidelity to add private assets to £16.9bn pension scheme strategy
Investments will be made via Fidelity’s first Long-Term Asset Fund (LTAF)
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PwC: 81% of wealth managers are eyeing up consolidation or M&A
There is an ‘urgent need’ for firms to adopt ‘transformational’ new technology, and consolidation is the fastest route
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Abrdn appoints Xavier Meyer as investments CEO in restructure
Follows £3.1bn net outflows in Q3 results last month
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CISI to hold Financial Planning Week from 27 January
“An opportunity for financial planners to give back”
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Royal London revamps governed portfolio range
Simplifies options and adds a 100% equity offering to range
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Succession Wealth buys Leeds-based True Wealth Group
Acquisition provides first entry into Northern Ireland
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Rathbones hires analyst to multi-asset team
Emma Letheren joins from RBC Capital Markets
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BlackRock launches top 20 S&P 500 ETF
The fee is 0.2% and the ticker is SP20