European ETF sales for March slowest in almost three years
Net new assets gathered by exchange traded products saw the lowest monthly net inflows in March since June 2015, according to data from ETFGI.
Regions
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Old Mutual bosses step back as managed separation finalised
Old Mutual chief executive Bruce Hemphill and chief financial officer Ingrid Johnson have resigned from their board positions at the group as details on the final legal process for the managed separation are announced.
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Advisers giving inadequate information to DB specialists: FCA
Financial advisers who are outsourcing pension transfer work to specialists are providing them with inaccurate information, according to the executive director of the Financial Conduct Authority (FCA).
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Moneycorp to engage in Feifa professional development
FX specialist Moneycorp has stepped up its partnership with industry association Feifa.
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S Africa to prosecute as outstanding tax returns hit 30 million
The South Africa Government is criminally prosecuting non-compliant taxpayers, including prominent South Africans, as 30 million tax returns are now outstanding in the country.
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Generali sells Belgian life business for €540m
Italian insurer Generali has agreed to sell its entire stake in Generali Belgium to Athora Holding, the firm that recently acquired and carved up Aegon Ireland.
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Woodford fails to disclose increased Russian holding
Woodford Investment Management has admitted it failed to disclose increases to its Raven Russia holding made over the last year, as it continues to add to the investment company in the wake of US sanctions against Russia.
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Jupiter Dynamic Bond woes down to ‘flighty’ European investors
Lopsided net flows into Jupiter Asset Management’s Dynamic Bond and Strategic Bond mirror strategies has been attributed to UK investors’ brand loyalty through bouts of underperformance.
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Jaw dropping moments from Australia’s Royal Commission
It’s squeaky bum time for senior executives as Australia’s banking, superannuation and financial advice firms face the intense scrutiny of a Royal Commission. Click through the slides below to read some of the incredible moments from the first week of the review into financial advice.
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SEC bid to protect investors scorned by own commissioner
With a recent appeals court ruling putting the Obama-era fiduciary rule in limbo, new proposals from the US regulator to protect retail investors have been heavily criticised by one of the Securities and Exchange Commission’s own.
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Aviva sorry for platform troubles as adviser pulls clients
Aviva has apologised for its platform, which has been a source of ongoing frustration for advisers since it was updated three months ago.
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Lombard Int’l adds wealth preservation cover to LatAm range
Lombard International Assurance has added wealth preservation life cover to its range of unit-linked life insurance solutions for Latin American clients and their families.