MoneyFarm appoints chief tech officer ahead of UK launch
Italian digital wealth management firm MoneyFarm has appointed David Jeffrey chief technology officer ahead of its 2016 UK launch.
Author: Kirsten Hastings
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US investor firm targets European growth with London office
New York-headquartered investment firm Pzena Investment Management opened a new London office on Tuesday, as part of the next phase of its European expansion.
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OMGI brings EM debt fund in house
Old Mutual Global Investors (OMGI) will bring its Emerging Market Debt Fund in house and has appointed head of emerging market debt, John Peta, to manage the fund.
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New UK secondary annuities market greeted with caution
The UK financial services industry has cautiously welcomed the government’s plans to extend its pension freedoms and create a new secondary annuities market by giving more than five million people the ability to sell their annuity from 6 April 2017.
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SLI controversially ends trail commissions
Standard Life Investments (SLI) has written to financial advisers informing them that they will no longer receive renewal commission on SLI retail class shares from 31 March 2016.
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Two moved up and one out as OMW rings in the changes
Old Mutual Wealth (OMW) has announced some people changes that have seen chief distribution officer Mary-Anne McIntyre depart after only three months in the job.
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Sanlam to realign UK businesses
Financial services group Sanlam will amalgamate its UK businesses from 1 January 2016, with all of the businesses falling under the responsibility and management remit of a single corporate entity.
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APFA calls for product levy to reform FSCS funding
Levies set by the UK’s Financial Services Compensation Scheme (FSCS) hit an all-time high in 2015, with many firms concerned that they have reached unsustainable levels, according to APFA.
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SEC to accuse Credit Suisse of inflating private bank assets
The US Securities and Exchange Commission (SEC) is reportedly set to accuse Credit Suisse of misleading investors by improperly inflating reports of the assets under management in its private bank.
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Pictet AM adds Asian market neutral fund
Pictet Asset Management has expanded its Total Return fund range with the launch of PTR-Phoenix, an equity market neutral fund investing in Asia.
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Barclays fined record £72m for failing to ‘minimise crime’
The Financial Conduct Authority (FCA) has fined Barclays Bank a record amount for failing to minimise the risk that it may be used to facilitate financial crime.
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Funding boost for HMRC’s digital transformation
HM Revenue & Customs (HMRC) is to receive more than a billion in additional funding to digitalise the UK’s tax system and introduce personalised digital accounts, removing the need for annual tax returns, chancellor George Osborne announced Wednesday.