Newton multi-asset deputy CIO Paul Brain retires
Brain, who previously led Newton’s fixed income team, retires after 40 years as an investment manager
Investec
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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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Investec gives projected profit increase ahead of Rathbones merger
Full-year results expected 23 May
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Most investors not reviewing their pensions annually, research finds
Only 18% said they regularly review their funds
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Quilter appoints Investec’s Adrian Todd to research team
Todd becomes senior manager research analyst
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PEOPLE MOVES: M&G, Evelyn Partners, Investec
As investment manager appoints head of Asia Pacific, another hires investment director
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PEOPLE MOVES: Investec, Irwin Mitchell, LGIM
Bank names CEO of its Channel Islands arm, as law firm appoints group chief executive
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Just 37% of female investors have high levels of financial confidence
This is compared with 52% of men
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Pension savings increase following LTA scrapping
Some 23% of higher rate taxpayers are delaying retirement to save more
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Just under half of HNW Brits not taken advice on IHT planning
As majority of UK adults planning to pass on wealth in their lifetime have not considered how and when to do this
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PEOPLE MOVES: Legal & General, Brooks Macdonald, Julius Baer
Financial services group names CEO, as wealth manager makes c-suite change
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Investec profits climb but assets dip as it prepares for Rathbones merger
FuM fell 4.5% to £61bn due to unfavourable market movements