Old Mutual Intl takes balanced approach with UK bond
Old Mutual International (OMI) has launched a trust-based bond that looks to balance access to capital with inheritance tax planning and give control over the future distribution of assets.
Regions
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EEA Investors in danger of missing $90m deadline
Holders of more than 870,000 EEA shares have not acted to stop their funds from potentially being automatically reinvested in similar products, warns action group EEA Investors’ Group.
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Brits struggle to understand pension freedoms
Nearly half of the UK’s upcoming retirees are unsure of how to access their pensions and are worried that what they have saved will not last their retirement, according to research by Old Mutual Wealth.
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Investec expects profit hit from S. African retail investment
Investec has moved to reassure investors that its exposure to the Steinhoff Group of companies will result in a maximum potential loss of around 3% of group post-tax operating profit after the South African retailer was accused of accounting irregularities.
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Expats unhappy with May’s Brexit deal
Angry British expats in Europe have reacted with “shock and surprise” at the Brexit deal struck between the EU and the UK.
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IDAD on why investors should take a fresh look at structured notes
Structured products should have a place in any investor’s modern portfolio, especially where pension transfers are concerned, explains Graeme McCallion, Africa sales manager of iDAD.
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Convoy chairman arrested at airport
The chairman of embattled IFA firm Convoy Financial has reportedly been arrested at Hong Kong airport by the region’s Independent Commission Against Corruption (ICAC), just days after three other senior executives were taken into custody on charges relating to corruption.
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Advisers split over growth and defensive asset outlook
Financial advisers are divided about their outlook for growth and defensive assets over the next 12 months, research from Royal London Asset Management has found.
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Mike Coady to depart Guardian Wealth Management
Guardian’s chief commercial officer Mike Coady will be officially leaving the company in January 2018, the firm has announced.
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UK financial services bans at post-crisis low
Just 18 people were handed prohibition orders from the Financial Conduct Authority in the year to 30 September 2017, down from its peak of 72 in 2010.
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Sterling has mixed fortunes on Brexit ‘breakthrough’
Sterling has had a mixed reaction to Britain and the EU completing the first phase of negotiations and reaching a historic deal overnight.
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Advice to take on new meaning in January
The UK regulator is to introduce a new definition of advice on 3 January 2018 in a move to bring it in line with the Mifid II definition.