Old Mutual in court bid to block CEO reinstatement
Urgent application filed at Johannesburg high court
South Africa
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South Africa regulator suspends advice firm’s licence
After the police arrested the owner of the business in July
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Court reinstates sacked Old Mutual boss
But the insurer moves swiftly to block his return
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South African financial adviser arrested for fraud
He reportedly encouraged clients to put money into unregulated investments with ZAR100m potentially lost
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Wealth report glosses over South Africa’s growing wealth gap
It says average person has net assets worth $11,500 – but reality begs to differ
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Old Mutual sacks chief executive
Firm says it was not ‘provided with an acceptable explanation’ over his involvement with NMT Capital
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South Africa regulator trades blows with public protector
Financial Sector Conduct Authority says report findings and conclusions are entirely unreasonable
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Brooks Macdonald Int’l eyes global coverage for UK offerings
IA spoke to the firm about pension decumulation, responsible investing and strategic partnerships
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Ashburton Jersey boss quits as staff warned about job cuts
But investment team will not be impacted by any potential redundancies
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Adviser views on South Africa’s RDR journey
How much impact have the Retail Distribution Review and Twin Peaks really had?
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Old Mutual boss suspended
Various ‘engagements’ with the board sparked the move
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South African elections: ‘Forecasters got it right’
Now Cyril Ramaphosa needs to gain support from foreign investors