South African financial adviser arrested for fraud
He reportedly encouraged clients to put money into unregulated investments with ZAR100m potentially lost
Africa
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Prudential completes African life insurer acquisition
Deal expands firm’s reach into Cameroon, Côte d’Ivoire and Togo
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Wealth report glosses over South Africa’s growing wealth gap
It says average person has net assets worth $11,500 – but reality begs to differ
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PEOPLE MOVES: River and Mercantile, IOOF, Stonehage Fleming
Changes at the top for the UK asset manager and Aussie financial adviser
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Old Mutual sacks chief executive
Firm says it was not ‘provided with an acceptable explanation’ over his involvement with NMT Capital
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South Africa regulator trades blows with public protector
Financial Sector Conduct Authority says report findings and conclusions are entirely unreasonable
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Brooks Macdonald Int’l eyes global coverage for UK offerings
IA spoke to the firm about pension decumulation, responsible investing and strategic partnerships
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Ashburton Jersey boss quits as staff warned about job cuts
But investment team will not be impacted by any potential redundancies
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Adviser views on South Africa’s RDR journey
How much impact have the Retail Distribution Review and Twin Peaks really had?
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Ousted Old Mutual boss hits back
Admits he’s in the dark about what happens next
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Old Mutual boss suspended
Various ‘engagements’ with the board sparked the move
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Bermudian insurer unveils HNW whole life product
It is distributed by insurance brokers to families in the Middle East, but not the US or Canada