PEOPLE MOVES: Liberty, Schroders, Old Mutual Wealth
The chief executive of South African insurer Liberty has departed with immediate effect. Schroders is losing a 14-year fund manager, while Old Mutual Wealth continues to expand its board.
Old Mutual
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Old Mutual most complained about insurer in South Africa
Old Mutual Life Assurance Company, South Africa’s largest life insurer, has topped the list of complaints filed against insurers, according to latest data from the country’s ombudsman.
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IoM eases pressure on life cos over commission disclosure
International insurance companies headquartered on the Isle of Man will only have to spell out to customers how much commission they will have to pay to intermediaries over the life of the product at the end of the sales process.
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Multi-asset solutions point the way ahead
Harnessing the strength of financial markets can be a powerful way of growing your wealth. But to do so, clients need to have the confidence to invest over the long term.
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Employee engagement key to IFA people management
Business owners often say their people are the key asset in their company, but in the IFA world it’s even more important, argues Mike Leeson, head of international distribution development, Old Mutual Wealth.
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China’s HNA Capital takes top stake in Deutsche Bank
Chinese financial services group HNA has become the biggest shareholder in Deutsche Bank after increasing its stake to just under 10%, overtaking the Qatar royal family and BlackRock.
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PEOPLE MOVES: Aberdeen, Old Mutual, Pictet
Aberdeen Asset Management has appointed a chief operating officer for Asia Pacific, while Old Mutual Wealth has named a chief financial officer, tasked with driving forward the company’s planned demerger. Pictet Asset Management has a new head of UK intermediaries.
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Old Mutual exits India with sale of joint venture life stake
Old Mutual is pulling out of its joint venture life company in India by selling a 26% stake for a net cash sum of £141m ($182m,€167m).
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Five UK tax changes postponed by the snap election
UK chancellor Philip Hammond has put on hold some significant changes relating to IHT, deemed domicile rules, and life insurance policies due to the snap election in June, that will impact the international advice market.
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How the Qrops levy will impact UAE pension planning
Old Mutual Wealth’s David Denton talks about how the shock 25% Qrops charge imposed by the UK last month will affect retirement planning in the UAE.
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Paul Evans to replace Brendan Dolan as UAE head at Old Mutual
Paul Evans has been named as Old Mutual International’s new head of region for the Middle East and Africa, taking over from Brendan Dolan, who was recently promoted to global sales director.
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Advice businesses must adapt to survive and thrive
Changes in regulation coupled with a transformation in client expectations and increased use of technology means financial advisers need to review their business model to ensure they have a business that is future fit, says Old Mutual Wealth’s Mike Leeson.