European WMs stumped by Mifid directives in sustainability assessments
It is ‘concerning just how many wealth managers still aren’t up to speed’
Regions
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LGIM opens Singapore office
Operation will be led by Natasha Mora
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Huge decline in number of new managed portfolio launches
Just five launches have been reported to Morningstar this year
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UK wealth manager buys London-based IFA firm
Acquired business offers advice predominantly to female high net worth clients
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Wealth manager buys UK financial planning firm
As it bids to reach £1bn AuM over the next few years
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FCA to review treatment of politically exposed persons
Regulator will ‘take prompt action if any significant deficiencies are identified in the arrangements of any firm assessed’
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Feifa unveils recruitment hub
To help member firms that have been ‘struggling to find appropriate people to fill roles that they have available’
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Standard Life rolls out annuity
It will target customers focusing on ‘certainty and security’
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Sanlam and Allianz create joint venture in Africa
JV will provide insurance and financial services in 27 markets
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Canadian pension fund acquires majority stake in UK wealth manager
Deal is worth around £255m
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UAE to launch end-of-service scheme for private sector employees
It will include three main investment options
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Singapore-based MoneyOwl to wind down financial advice arm
Following a review which found that business would not be commercially viable