Hargreaves weathers financial impact from Woodford after governance revamp
‘It was essential that we learnt from the experience surrounding the Woodford issue last year’
Companies
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Canaccord Genuity Wealth Management assets jump 14% on previous quarter
But assets down 6% from previous year
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Competition watchdog halts FNZ acquisition
Tie-up between FNZ and GBST could lead to millions of platform customers facing higher fees and lower quality services
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Family office falls short after controversial £250m government coronavirus contract
Ayanda Capital had already faced scrutiny for its lack of of experience in government contracts of PPE procurement
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LGIM assets jump 9% on strong pensions inflows
Half-year results also revealed launch of real assets fund aimed at pension funds and other institutional investors
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Kames unveils fund name changes as it prepares to rebrand
UK asset manager will adopt branding of parent company Aegon Asset Management
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Gam swings to a loss despite aggressive cost cutting as outflows bite
Swiss manager slashes personnel costs by a quarter as it axes over 100 jobs
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Link directors pocketed £2.7m in run up to Woodford fund suspension
Christopher Addenbrooke and Karl Midl also presided over Arch Cru and Connaught scandals
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Weekly outlook: L&G and Standard Life Aberdeen report; BoE policy decision
The key events for UK wealth managers for the week starting 3 August
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Man Group profits slump 40% despite outperformance of fund range
Alternatives perform strongly but long-only strategies suffer due to value bias
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Schroders Personal Wealth falls flat amid Covid while group-wide flows hit £38bn
Schroders blames branch closures for wealth venture’s meagre H1 2020 inflows
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Jupiter profits halved ahead of Merian merger as Covid decimates fees
Asset manager booked zero management fees in the first half of the year