US in the news: Deutsche Bank WM hires products and solutions head
A round-up of the latest people moves and M&A deals in North America
Regions
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Brits’ pension knowledge leaves a lot to be desired
Over half do not know they can access their retirement pot early due to ill health
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Industry needs to ‘eradicate’ any notions it is ‘old man’s club’
Attracting female clients is vital, as 27% of UK women have inadequate pension pots
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Half a billion FUM boost for wealth manager
Firm is actively eyeing large, quality financial advice businesses after latest acquisition
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Asia wealth unit boosts UBS earnings
Strong Asia Pacific inflows helped offset investment bank losses
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Schroders scoops up Woodford Patient Capital trust
But disappoints with ‘hedge fund’ type fees
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Brooks Macdonald ‘sees early progress’ in int’l business
Despite reporting outflows of £7m last quarter
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Brits want IHT nil rate band doubled
Politically ‘it would certainly be seen as a positive step by the majority of people’
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Financial advisory firm opens London office
And is looking to get a licence in the UAE
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Sanlam UK on a quest to be ‘go-to brand for intermediaries’
‘There are plenty of opportunities, most of the life companies have died’ says former Thesis director
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International insurer unveils Singapore health plan
Worldwide cover for accidents, with planned treatments allowed in specified private hospitals
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Impact of the weakened pound on PFIC strategies for US expats
Even holding a small interest in a passive foreign investment company could have big tax implications