PEOPLE MOVES: Tilney, Wren and Sun Life
Tilney Group appointed a new chief executive, family office Wren names a director from Sandaire and Sun Life has lost its executive chair to be Canadian ambassador to France.
Industry
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Slimming World ‘tax disaster’ rescued by verdict
An entrepreneur who discovered her Slimming World shares were in a tax planning structure which would have had a disastrous impact on her wealth has had the blunder reversed in court.
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Guardian Wealth enters US market
Guardian Wealth Management has launched its first office in the United States, based in Miami, as part of its global expansion programme.
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Half of DB pension transfers unsuitable blasts FCA
The UK financial watchdog has strongly criticised defined benefit (DB) pension transfer advice saying that most of the recommendations made are unsuitable.
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Nutmeg losses widen despite surge in customers
Nutmeg, the online investment manager, saw losses rise to £9.3m ($12.5m, €10.5m) last year despite a surge in customer numbers.
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DeVere Group returns to Portugal
After a six-year hiatus, deVere Group is to expand its western Europe network by returning to Portugal with plans to expand its footprint in France.
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Holborn Assets in Malaysia push
UAE-based international advice company Holborn Assets has entered the Malaysia market with the acquisition of Kuala Lumpur-based Greenwood Private Wealth Management.
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D2C platforms prioritise best-buy lists over client experience
A drive toward transparency in the platform market will narrow the gap between big retail players and the institutional market, Multrees Investor Services chief executive officer Chris Fisher predicts.
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Saudi eases investment and asset management rules
Asset management and other investment firms will find it easier to open and operate in Saudi Arabia after the country’s Capital Market Authority (CMA) loosened its licensing rules.
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Disgraced top Chinese insurance regulator expelled
The former chairman of the China Insurance Regulatory Commission (CIRC) has been expelled from the ruling Communist Party following allegations of corruption.
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Small advisers at risk of skyrocketing data fines
Poorly resourced firms are at the greatest risk of being hit with big fines for infringing Brussel’s new data rules, according to Mazar’s chief investment officer David Baker.
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Sanne to acquire $8.3bn Luxembourg firms
Global alternative asset and corporate administration services provider Sanne has agreed to acquire Luxembourg Investment Solution (LIS) and Compliance Partners (CP).