PEOPLE MOVES: IQ-EQ, UBS AM, JTC
Financial services provider hires Europe CEO, as asset manager names head of Hong Kong
United Kingdom
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M&G acquires IFA firm
Deal adds £1.5bn in assets under influence and over 12,000 clients
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PE company snaps up majority stake in UK wealth manager
This follows the private equity firm’s investment in platform Parmenion in 2021
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Victims of bad pension transfer advice to receive more compensation
Proposed changes in calculation will apply to British Steel members as well
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Allfunds buys London-headquartered ESG platform
Acquired firm creates multi-asset and multi-manager portfolios
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Forgotten pension pots a worry for third of UK retirees
Many people find it hard to keep track especially if they have changed jobs several times
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Saudi conglomerate invests £233m in UK life insurer
Shortly after it bought a 6.8% stake in M&G
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FCA mulls broadening retail access to long-term asset funds
Certain investors would need to show they understand the risks and redemption periods before investing
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Ex-financial adviser jailed for three years
She was previously sent to prison in 2009 for stealing from her clients
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UK financial planning group buys advice firm
It is the company’s seventh acquisition
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Major UK bank and three PE firms circle Quilter
Deal could be worth around £1.4bn
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FCA tightens grip on promotion of high-risk investments
Watchdog will act if product marketing is ‘unclear, unfair or misleading’