Choppy water and plain sailing as new shores loom for Blacktower
Now at the helm of Blacktower, John Westwood is steering the wealth management business into new international markets, sailing steadily on-course in a rapidly changing market.
Companies
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Axa rumoured to be looking at sale of UK businesses
French insurer Axa Group may be looking to sell off some of its UK businesses, including Axa Wealth, according to British media reports.
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Growing dividend, strong cashflow helps BHP amid price rout
Fears BHP Billiton would have to raise its debt levels to maintain its dividend amid crumbling commodities prices proved unfounded on Tuesday on the releases of its full year numbers.
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Sesame tops FOS list for most complained about adviser
Advisory network giant Sesame has topped the list again for being the most complained about advice firm in the UK, data from the Financial Ombudsman Service reveals.
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Six key issues for platforms from Cofunds
David Hobbs, chief executive of Cofunds, discusses key issues for the platform industry for the remainder of 2015
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RLAM cites return to normality as outflows surge 152% year-on-year
Royal London Asset Management’s outflows surged 152% year-on-year in H1 2015, the firm has revealed in its interim report.
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Sanlam expands UK wealth planning operation
The UK wealth planning arm of South African insurance giant Sanlam Group has expanded its assets in Britain to over £1bn with the acquisition of an advice firm in southern England.
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GAM announces fund mergers, job cuts as part of operational review
GAM has closed 12 funds and plans to decrease its headcount by 15% in the next 18 months as part of an ongoing process to simplify its product shelf.
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M&G retail outflows rise to £3.4bn
M&G recorded £3.4bn in retail net outflows for the first half of 2015, Prudential reported on Tuesday, driven principally by redemptions from its bond funds.
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Woodford Patient Capital Trust 75% invested
The Woodford Patient Capital Trust has deployed more than 75% of the £800m it raised at launch in April and plans to be fully invested by year-end.
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Hargreaves Lansdown poaches CFO from IG Group
UK advice firm Hargreaves Lansdown has poached IG Group’s chief financial officer just weeks after the financial spread-betting firm’s chief executive announced his retirement.
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IFA unveils ‘robo-advice’ service to expand investor choice
A small independent advisory business is launching a new ultra low-cost ‘robo-advice’ service later this month.