RBS shares hit by £968m loss and Swiss regulatory troubles
Royal Bank of Scotland shares slid over 2% this morning as the beleaguered bank reported a £968m loss during the first quarter.
Companies
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Shareholder activism increasing as remuneration dissatisfaction grows
UK Plc remuneration policies are once more in the spotlight with a number of fund managers taking an increasingly activist stance.
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‘Respectable’ results see Schroders AUM hit record
Better-than-expected institutional net flows helped push group assets under management to a record £325bn in the first quarter of 2016, Schroders said on Thursday.
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Axa Wealth International to be sold
Axa has agreed to sell its Isle of Man-based operations of Axa Wealth International to specialist M&A firm Life Company Consolidation Group (LCCG).
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Henderson Q1 AUM boosted by retail inflows and currency
Strong retail demand for income and absolute return strategies helped push up Henderson Global Investors AUM in the first three months of 2016.
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Low expectations see Standard Chartered shares jump on profit slump
Standard Chartered shares spiked 12% in morning trade despite a noticeable dip in its first quarter profits.
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Brooks Macdonald assets edge past £8bn
Brooks Macdonald Group reported its assets under management rose 2.37% during the first quarter of 2016 to hit £8.007bn.
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Regulatory scrutiny sees asset managers ratchet up tax focus
A sophisticated operational tax function is becoming a prerequisite for asset managers, PwC said.
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LGIM makes headway on executive pay battle
The number of FTSE 100 companies with more than one executive remuneration incentive plan has fallen in the past three years from 43% to 18%, Legal & General Investment Management said on Monday.
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Business insights: Old Mutual Wealth
Old Mutual Wealth has declared itself a vertically integrated business with its discretionary and advice services, funds and a platform…
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Prudential a step closer to £100m HMRC tax refund
UK insurer Prudential has moved closer to securing a tax refund worth more than £100m ($143.4m, €126.5m) from HM Revenue and Customs (HMRC) in a long-running dispute over claims the tax office broke EU rules.
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Man Group records $500m inflow despite GLG troubles
Man Group reported net inflows of $500m for the first quarter of 2016, despite its long-only arm struggling under difficult market conditions.
