‘Incompetent’ duo banned from acting as pension scheme trustees
More than £6m invested in high-risk ventures bearing ‘all the hallmarks of being scams’
Investment
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Inflows soften at Nucleus and Brooks Macdonald
Volatility sees platform’s net inflows drop 10% quarter-on-quarter, while DFM’s UK growth halves
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Singapore’s asset management industry hits $2.39trn
Broad-based growth across traditional mutual funds and alternative products.
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Woodford ups stake in Provident Financial
Star manager is the largest shareholder in UK doorstep lender
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Cashed up energy stocks likely to offer good value
Oil price recovery and past investment set to boost returns.
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Be wary of ESG data, Templeton says
ESG disclosures from companies and data providers tend to be backward-looking
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Fintech festival secures billions for startups
Singapore event attracts more than $12bn in capital for south-east Asian enterprises
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Gam AUM shrivels 20% following Haywood saga
Excluding Haywood’s fund range, net outflows were CHF5.3bn
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Schroders and Lloyds to shake up financial planning sector
But banks re-entering the market should not be seen as a threat, says Intrinsic chief executive
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Blackrock predicts ESG ETF growth to $400bn
Sustainable investments in ETFs expected to rocket from $25bn today
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EU knows Priips Kid is not fit for purpose
Key information document is not meeting its objectives
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Prudential’s Eastspring gains licence to sell funds in China
China set to become second-largest market globally with assets under management tripling to $12.6trn