Asset managers failing at plain English
Standard Life, Legal & General and Santander are among the high profile firms named in a report that criticises asset managers for using obscure language, long sentences and jargon on their websites.
Santander
-
-
PEOPLE MOVES: Old Mutual Wealth, Enhance Group, LGT Vestra
Wealth management firm Old Mutual Wealth gears up for its proposed demerger and listing on the London and Johannesburg Stock Exchanges next year with a flurry of top level appointments. While Jersey-based wealth consultancy Enhance Group gets a new chief executive and chairman.
-
Allfunds Bank to be sold in €1.8bn deal
Allfunds Bank is to be sold to private equity firm Hellman & Friedman and Singapore’s sovereign wealth fund, GIC, in a deal that values the European mutual fund platform at €1.8bn (£1.55bn, $1.9bn).
-
Amundi confirms Pioneer bid, denies €4bn price tag
French asset management firm Amundi has confirmed its interest in buying Pioneer Investment from Italian bank UniCredit but denied the €4bn (£3.6bn, $4.4bn) bid offer reported in the media.
-
Santander and UniCredit end fund management merger talks
A deal to merge the fund management businesses of Italy’s UniCredit and Spain’s Santander has officially been called off.
-
Santander, UniCredit fund management merger on hold
The long-delayed deal between Italy’s UniCredit and Spain’s Santander to merge their fund management businesses has hit a further roadblock, with the Italian bank now on the hunt for a new chief executive.
-
Financial services complaints down
Financial services firms in the UK received 2.11 million new complaints between July and December 2015, a decrease of 1.4% compared with the previous six months, according to the Financial Conduct Authority.
-
Unicredit and Santander to merge AM units
Italy’s UniCredit and Banco Santander of Spain have agreed to merge their asset management units in a deal which will create one of Europe’s biggest fund groups.
-
Advisers underestimating all in costs
Advisers are underestimating all-inclusive costs to clients by as much as 1% per year a new survey by Defaqto suggests.
-
santander am granted permission for frankfurt
Santander Asset Management has received permission from the German regulator, Ba Fin, to open an office in Frankfurt.
-
Santander reported considering Jersey
Spanish banking group Santander is said to be looking into the possibility of selling its private banking operation in Jersey.
-
fsa fines santander for structured product
Santander has been fined £1.5m by the FSA for failing to inform customers of its structured products’ status under the Financial Services Compensation Scheme (FSCS) in the period up to January 2010.