M&G CIO Jack Daniels assumes extra responsibilities in leadership reshuffle
Daniels has had responsibility for asset management sales and distribution added to his remit
M&G
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M&G moves CFO to lead firm’s retail and savings business
Claire Bousfield has been named as managing director of M&G’s retail and savings business
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M&G boosts UK distribution team with one promotion and three hires
Jasmine Miller promoted while Allan Smith, John Pascoe and Wayne Sawyers appointed to strengthen regional presence
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M&G Wealth agrees to buy Huddersfield advice firm
Sandringham Financial Planners has over 180 IFA partners advising on more than £2.5bn of assets
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Retail investors pull £3.4bn from M&G funds in H1
Slight AUM increase was driven by European institutional clients
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Weekly outlook: Hargreaves Lansdown, Abrdn and M&G reveal half-year progress; Chinese and US inflation
The key events for UK wealth manager for the week starting 9 August
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Pricey tracker fund calls into question M&G’s value for money assessment
Asset manager praised for level of introspection but tracker costs some seven times more than a rival equivalent
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Baillie Gifford and Vanguard surge past Blackrock for UK fund flows
But Invesco and M&G suffer with combined redemptions of £7bn in H1
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Former M&G veteran helps fintech start-up boost global presence
William Nott spent more than 30 years at M&G, latterly as CEO
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M&G hires Robeco’s Fabiana Fedeli to spearhead £57bn equities arm
Fund group is attempting to shake up its active equity desk
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Investors yank £800m from M&G Property Portfolio within first month of reopening
May’s outflows were ‘pretty horrific but not unexpected’
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M&G sends out incorrect statements to 10,000 customers
The mistake demonstrates ‘how complicated and opaque the industry is for many customers’
