Old Mutual Wealth profits up on platform growth
Old Mutual Wealths net profit rose 11% year-on-year to £120m in the first half of 2014, the company reported.
United Kingdom
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A new world order
Dean Newman, Head of Emerging Markets Equities at Invesco Perpetual, comments on a perceptible shift in economic power due to emerging markets growing share in global GDP.
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Aberdeen sets sight on multi asset Martin Gilbert
Aberdeen Investment Management’s chief executive says multi-asset management is getting more and more popular.
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Henderson hires multi asset director
Henderson Global Investors has hired John Harrison as director, multi-asset.
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LGIM to offer D2C solution by end year
Legal and General Investment Management plans to unveil a direct to consumer (D2C) solution by the end of the year, the company announced in its half-year interim management statement to 30 June.
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Bad time for the industry to be on the beach
It is fair to say that this week is the very peak of the summer as far as the investment industry goes but it could be a bad time to take your eye off the ball.
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SLI profits up but inflows slow
Standard Life Investments’ profits rose 9% despite inflows dropping to £4.2bn versus the £7.4bn posted for the first six months of last year.
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UK equity market value given away cheap Train
According to Nick Train, manager of the Finsbury Growth and Income Trust, there remains long term value in the UK market.
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HSBC profits drop 12 amid regulatory
HSBC saw a 12% drop in profits throughout the first half of 2014, a loss it attributes to the investment of resources into “heightened and evolving” regulatory expectations.
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IMA calls for conference alternative solution ESMA
The IMA has said it intends to hold a conference to establish an alternative model countering the proposal set out by the European Securities and Markets Authority (ESMA) on restricting the use of dealing commissions to pay for investment research.
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9bn merger of Tilney and Bestinvest complete
Tilney and Bestinvest have completed the merger to create an investment financial planning giant.
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AXA Wealth assets up 10
AXA Wealth has grown its assets under management ten percent to £26.7bn over the past 12 months, according to its half year results.