Read all about it: Portfolio Adviser’s most-read news stories of the year
An eventful year has seen a wide array of industry issues feature in the top articles
An eventful year has seen a wide array of industry issues feature in the top articles
Cazenove Capital stake could seal the deal for £109bn mandate
Phoenix Group’s acquisition of Standard Life Assurance completes for £3.3bn
Specialist insurer confirms end date for deal with FTSE 100 investment group
The firm’s co-chief executives say the partnership is ‘exceeding expectations’
Asset managers Blackrock and Schroders are the rumoured frontrunners to oversee £109bn for Lloyd’s Banking Group (LBG), after the contract with Standard Life Aberdeen was terminated earlier this year.
Legal & General Investment Management has poached David Hoantee Peng from Standard Life Aberdeen for a newly-created role in its Asia team.
Standard Life Aberdeen’s (SLA) share price plummeted after the firm announced plans to return £1.7bn to shareholders following the sale of its insurance arm to Phoenix Group.
Scottish Widows says Standard Life Aberdeen is a clear and material competitor and it, therefore, has the legal right to terminate its investment management agreement with the firm.
Standard Life Aberdeen has challenged Lloyd Banking Group’s decision to pull out of a £109bn contract, arguing that there are no material competition concerns.
St James’s Place and Standard Life Aberdeen have been backed as top buys by several stockbrokers, amid gloomy predictions for the asset management sector generally.
Shares in British software firm Sage, owned by a slew of big shareholders including Terry Smith and Nick Train, have taken a major hit after the group missed its revenue growth target.