Hope for Woodford investors as Link puts UK arm up for sale
FCA’s earlier demand for £356m could make or break any potential deal
FCA’s earlier demand for £356m could make or break any potential deal
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Swiss asset manager currently has seven funds in liquidation
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But the investment arm sees AUM jump more than a quarter
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However FUM remains a long way from the £154bn it had on the books at the start of the year
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Funds under management and administration down £10.7bn since the start of the year but most was lost in H1
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Net inflows provided little cushion for the 2% drop in assets under management and administration
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Number of advisers using the platform jumped 5% in a year
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Amid ‘toxic cocktail of persistent inflation, central bank hawkishness, recession risk and political uncertainty’
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As challenging markets offset net inflows of £907m
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The money will be used to fund current and future acquisitions
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As company reports a strong quarter and CEO Chris Hill announces his retirement
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