Providers ‘still struggle’ with pension freedom demands
Sectors of the UK pensions industry are “still struggling” to meet customer demands nearly three months after the new freedoms were introduced, FCA figures have revealed.
Regions
-
-
Jersey foreign direct investment passes £65bn
Jersey has attracted more than $65bn and distributed over $75bn annually, according to a new report commissioned by Jersey Finance, the representative body for the crown dependency’s financial community.
-
Refocus on fund management sees JP Morgan hand £370m client book to Hargreaves
As many as 7,000 JP Morgan clients and £370m in assets are to be acquired by Hargeaves Lansdown as part of an ongoing effort to refocus its business on its strength: fund management.
-
VAM partners up with Close Brothers AM
VAM Funds has entered into a partnership with UK-based Close Brothers Asset Management (CBAM) to meet a rising demand for discretionary fund management services from international advisers.
-
Ashmore launches equity fund focused on Chinese share growth
Emerging markets specialist Ashmore has launched a Chinese equity fund which will invest in companies with mid to long term growth potential across the country’s onshore and offshore markets.
-
BNP Paribas unites with Ernst & Young in cross-border deal
BNP Paribas Securities Services has formed an alliance with Ernst & Young and is now using the accountancy firm’s global distribution tool to help it tap into different markets.
-
Investec Wealth & Investment partners with FEIFA
UK-based asset manager Investec Wealth & Investment has partnered with the Federation of European IFAs (FEIFA) to help the organisation’s members “meet their clients’ investment requirements”.
-
MAS calls for clarity over charges for investment-linked policies
The Monetary Authority of Singapore has proposed that insurers standardise the way fees and charges for investment-linked policies (ILPs) are presented to make it clear to customers what they are buying.
-
SA advisers anticipate ‘strong’ QROPS interest
South African financial advisers who offer transfers into Qualifying Recognised Overseas Pension Schemes (QROPS) are expecting strong interest from clients in the coming year, according to a recent survey.
-
Capstone Financial launches in-house DFM service
Hong Kong-based advisory firm, the Capstone Financial Group, has unveiled its own discretionary fund management (DFM) service to help centralise client accounts and steer the business towards a fully fee-based structure.
-
ETFs to become core portfolio holdings in Asia
Distributors in Asia-Pacific are likely to use exchange-traded funds and other index-tracking products as core holdings when building model portfolios, according to Cerulli Associates.
-
ABI urges UK Gov’t to hold fire on second-hand annuities
The Association of British Insurers (ABI) has urged the UK Government to hold fire on its 2016 roll-out of a second-hand annuity market so it can properly ensure consumer protection.