M&G begins Brexit-linked shift of funds to Luxembourg
Fund manager M&G Investments has begun to transfer the assets of four UK-domiciled open-ended funds with assets of around €10.5bn (£9.3bn) to equivalent funds on its Luxembourg platform.
M&G
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PEOPLE MOVES: NAB, M&G and Vam Funds
Structural changes at NAB means the company’s general manager of wealth advice is leaving the company, Vam Funds has appointed a new director well known in the US mutual funds industry and M&G has made two internal fund manager appointments.
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M&G goes green with ethical high-yield fund launch
M&G Investments has launched an ESG-screened global high-yield bond fund, the company’s first venture into the area of responsible investing.
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Prudential restructure sees US broker network sell-off
UK insurer Prudential has sold its US independent broker-dealer network to focus on local retirement products just days after announcing plans to merge its UK insurance and asset management businesses.
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M&G bolsters EM range with double fund launch
M&G Investments has strengthened its emerging market offering with the launch of two strategies focusing on the region’s hard currency debt and income opportunities, the company has announced.
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M&G shifts four UK funds to Luxembourg over Brexit fears
UK asset manager M&G Investments is transferring four domestic open-ended funds to its Luxembourg platform over fear and uncertainty surrounding the UK’s exit from the European Union.
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How the fee-based model changes asset management
What could the potential fallout be for asset managers when Asia’s regulators eventually replace the commission-based wealth management model with a fee-based one? Ben Cherrington, head of intermediary channels in Asia Pacific at M&G Investments, shares some key changes in the UK, which decided to make the leap to fee-based in 2013.
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Legal & General and Aviva opting for Ireland post-Brexit
Legal & General will shift some of its business to Dublin once Britain leaves the European Union, while rival insurer Aviva is in the process converting its Irish life and general insurance branches into subsidiaries as the firms prepare for the post-Brexit environment.
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Standard Life considering Dublin move post-Brexit
Insurance and investment giant Standard Life is considering moving its European hub to Dublin as it prepares for the UK to pull out of the EU single market, the firm’s chairman Gerry Grimstone has said.
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Chinese debt and equity in the year of the Rooster
Those born in the Year of the Rooster are said to be hard working, patient, resourceful and courageous. M&G Investments’ equity and fixed income teams explore how these characteristics can be utilised to help investors navigate through the challenges and opportunities to come.
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PEOPLE MOVES: Swiss Life, Columbia Threadneedle, Legg Mason
Swiss Life’s chief executive for Switzerland is to depart next year, with his successor already identified. Columbia Threadneedle has also named a chief executive, tasked with covering Emea and asset management. Legg Mason’s head of UK sales is set to depart, with a search underway for his replacement.
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Old Mutual Wealth and CII launch adviser academy
Old Mutual Wealth has partnered with the Chartered Insurance Institute (CII) to launch an Investment Academy, designed to help advisers meet new CII criteria.