LGT enters Middle East external asset management market
EAM business is facing ‘several major challenges’
United Kingdom
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UK firm gets £3m from Santander to fund wealth acquisition spree
It aims to buy businesses across the north of England and London
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PEOPLE MOVES: GSB Capital, EFG International, Seccl
UAE advice firm hires managing partner, while Swiss private bank names chairman
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Saudi conglomerate snaps up £224m stake in M&G
Kingdom Holding Company is controlled by prince and billionaire Alwaleed Bin Talal
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Fintechs join forces to create digital financial planning tool
It will be aimed at the underserved ‘aspiring affluent’ market
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Frozen thresholds see UK IHT take double in a decade
Latest figures show receipts hit £1.8bn in last three months
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FCA slammed over plethora of failures in British Steel scandal
It has ‘consistently been behind the curve in responding to unsuitable pension transfer advice’
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Advice firm makes third acquisition in a year
Deal increases the group’s AuM to £2.3bn
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Drop in adviser demand for inflation protection products
But they have looking at strategies to combat environment of tightening interest rates
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US fintech firm enters UK market with Sipp offering
As it partners with a British investment and retirement services provider
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PEOPLE MOVES: LV=, FOS, Natixis Investment Managers
Interim CEO steps down from insurer, as Ombudsman makes c-suite changes
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Pension transfer values fall 25% in six months
As overseas investment amber flags continue to cause ‘unnecessary delays’