LGIM posts £38bn of inflows for 2017
Legal & General Investment Management took in total external net inflows of £38.1bn by the end of October, in a year of “great momentum” for its life insurance parent company.
Companies
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FCA slaps £4m fine on former Axa UK broker
The Financial Conduct Authority has fined Bluefin Insurance Services for failing to inform customers about its independence in a way that was clear, fair and not misleading while it was owned by Axa UK.
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L&G sells mature savings unit for £650m
Legal & General has agreed to sell its mature savings business to global reinsurer Swiss Re to “accelerate its growth agenda” in other areas.
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Brooks Macdonald shakes up senior team
A former Schroders’ man has joined Brooks Macdonald amid sweeping changes to its senior team as it eyes further expansion for its investment team.
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Tatton seeks M&A activity after AUM boost
Tatton Asset Management (TAM) is eyeing M&A options after posting solid assets under management (AUM) growth for the six months to the end of September.
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Fresh pain for Provident Financial with second FCA probe
Provident Financial’s car finance division Moneybarn is being investigated by the Financial Conduct Authority over loan affordability assessments and its treatment of customers facing financial difficulties.
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FTSE 100 promotions demonstrate hunger for growth
This year’s FTSE 100 promotions have one thing in common – they reflect investors’ insatiable appetite for growth, growth and more growth.
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Premier’s AUM surpasses £6bn despite higher outflows
Despite seeing higher redemptions, Premier Asset Management grew its assets under management (AUM) beyond the £6bn mark over the year.
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Brewin Dolphin’s discretionary funds hit £34bn
Brewin Dolphin boosted its level of discretionary funds under management above target, hitting £33.8bn for the full-year.
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Polar Capital shuts down growth fund
Polar Capital is to shut up shop on its $72.1m Emerging Markets Growth Fund and has suspended all dealing within the strategy with immediate effect.
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Miton’s shares spike as it teases higher full year profits
Shares in Miton took off Friday morning after it hinted that profits for the full-year are “expected to exceed current market expectations”.
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Provident Financial’s executive chairman dies
Provident Financial has confirmed that its executive chairman Manjit Wolstenholme has died at the age of 53.
