Analysis: Has the Budget revived for the fortunes for UK equities?
Most notable early impact so far has been felt in the AIM market
Close Brothers
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Close Brothers to sell asset management branch to Oaktree
The £200m deal allows Close Brothers to ‘simplify the group and focus on our core lending business’
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UK dividends reach all-time high in Q2
Dividends were up 11.2% to a record-breaking £36.7bn, with UK banks more than making up for miners’ shortfalls
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PEOPLE MOVES: Brooks Macdonald, Close Brothers, Canaccord Genuity WM, Rathbones, LGIM, JPMorgan AM
Andrew Shepherd to retire
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Investec W&I suffers £600m net outflows following investment manager departures
Offset Rathbones’ positive wealth management inflows over the quarter
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35% of employees worried they won’t be able to afford to retire
With the pandemic fueling greater insecurity
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PEOPLE MOVES: CII Group, AJ Bell, UBS
A chief executive steps down as investment platform makes senior hire
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Have interest rates impacted M&A deals in the advice market?
Financial services sector ‘has long been a hotbed of M&A activity’
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PEOPLE MOVES: Quilter, HSBC, Close Brothers
Wealth manager hires academy director while asset manager makes two senior hires
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Should the advice market rethink the 60/40 portfolio approach?
There is a debate whether the strategy is dead
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Are Brits too reliant on inheritance for their retirement plans?
Clients may have a ‘dangerous strategy’ in place
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Wealth manager opens office in Cheltenham
Operation will be shared between senior investment directors and support staff