7IM hires Fidelity’s Sam Christopher to new head of platform role
Christopher joins growing platform team following Ontario Teachers’ Pension Plan investment
Christopher joins growing platform team following Ontario Teachers’ Pension Plan investment
Aegon has taken a major step away from being a traditional life company towards becoming an intermediated, digital platform business, as it makes a raft of changes to its senior management team and announces a new investment management company.
Dutch insurer Aegon is selling its Irish offshore bond operation and its Netherlands-based advice business, while a strong boost in earnings from platform Cofunds, according to its latest quarterly report.
Dutch-headquartered insurer Aegon has moved a step closer to transforming itself from a traditional life company to a “fully-fledged platform business”, after officially completing the purchase of the Cofunds UK platform.
Net fund flows via UK platforms fell to £8.6bn ($10.7bn, €10bn) in the third quarter of this year, the lowest level since RDR was introduced in Q1 2013, according to the latest Fundscape Platform Report.
Legal & General Group has sold its investment platform Cofunds to Dutch insurer Aegon.
Nearly two thirds of advisers in the UK fear that poor market performance is the biggest hurdle they will face this year, according to a poll conducted by investment platform Cofunds.
Legal & General Investment Management (LGIM) reported a 402% increase in external net asset flows in its annual results, rising from £7.5bn ($10.8bn, €9.7bn) in 2014 to £37.7bn in the year to 31 December 2015.
A quarter of advisers say they do not plan to allocate any investments to China over the next six months, according to research from Cofunds.
Investment platform Cofunds has launched a new feature to help financial advisers better monitor and manage their clients’ decumulation strategies.
Almost two thirds (61%) of advisers feel optimistic about the UK economy, and half believe the UK is the best investment prospect in Europe, according to the latest research from Cofunds.
Adaptation to the RDR is having a discernible impact on profitability in the adviser community, with almost two-thirds of businesses saying they are more profitable than in 2013.