Vanguard acquires US wealthtech business
To offer direct indexing capabilities to financial advisers
Latest news
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Liontrust multi-asset team adds convertibles for first time
They can be used as a ‘hybrid, offering equity and bonds characteristics’
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PEOPLE MOVES: Zurich, Morningstar IM, Prudential
Group CIO leaves insurer, while investment manager makes c-suite change
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UK brokerage company buys client assets of failed wealth firm
Just two weeks after it went into administration
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Phoenix Group sells Irish life company for €230m
Deal will ‘simplify our European operations and accelerate cash release’ from the business
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Aussie life insurer clients to receive A$35m in compensation
Customers ‘suffered harm’ after they were sold policies over the phone
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UK wealth rose by £900bn during pandemic
Richest 10% in the country saw the biggest increase of more than £50,000
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EU approves Aon/Willis Towers Watson merger
Remedy package ensures that firms ‘will continue to have a good choice’
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DB transfers reach record low after contingent charging ban
‘Even where people ask for a quote, they are far less likely to turn that into a transfer’
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Industry sceptical of potential pensions triple lock suspension
‘To erode a system which is already behind many other first world nations may be short-sighted’
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Jersey watchdog eyes changes to ‘cumbersome’ sanctions process
Regulator to ‘streamline how we reach these decisions’ and make system ‘quicker and less complex’
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AMP sells investment business to Macquarie for A$185m
Operation covers fixed income, Australian listed equities, real estate and infrastructure strategies