Zurich Intl halts marketing retail products
Zurich International Life has stopped marketing and accepting new retail business in the UK, International Adviser has learned.
Zurich International Life has stopped marketing and accepting new retail business in the UK, International Adviser has learned.
Jupiter’s AUM increased £3bn in the first half of the year following net mutual fund inflows of £426m, in what has been described as a period of robust performance by the firm’s chief executive.
At least 16 firms and individuals are being taken to court by the FCA for illegally promoting and/or operating collective investment schemes in the UK.
This morning, the UK’s Financial Conduct Authority revealed its first review into the implementation of the RDR which found some advisers were claiming independent status when in fact they were offering a restricted choice of products or providers.
An early Financial Conduct Authority review into the adjustment to the RDR shows some advisers continue to describe themselves as independent yet are choosing products from a limited number of providers.
The Equiom Group, an Isle of Man trust and company formation specialist, has acquired local competitor City Trust.
The UK faces a 20% shortfall of independent financial advisers which will potentially hit the baby boomer generation approaching or at retirement, according to research by Standard Life.
The Abu Dhabi sheik that provided rescue capital for Barclays at the peak of the financial crisis has sold his stake in the bank at a considerable profit in a reflection of the bank’s recovery.
First Names Group, the Isle of Man-based provider of trusts, funds and corporate services, has acquired a Jersey-based rival, the Basel Group. The purchase price was not disclosed.
Clients are less concerned about the RDR than advisers as more than double the proportion of advisers remain negative towards the legislation than clients.
Nigel Green, the chief executive and founder of global IFA group deVere, has sold 2.5% of his shares in the STM Group, the London-listed cross-border provider of QROPS and other cross-border financial products.
India’s third-largest lender Axis Bank yesterday unveiled its first branch in the UK after obtaining permission to set up in April.