Scottish Widows ‘surprised’ by Standard Life Aberdeen challenge
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.
News
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Beaufort clients face covering £100m liquidation costs
Clients of collapsed Beaufort Securities could lose up to 40% of the value of their holdings to cover liquidation costs, bringing into question the whole system of regulatory and legal protection of investors in the UK, according to campaign group ShareSoc.
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Columbia Threadneedle to move EU client assets ahead of Brexit
Columbia Threadneedle Investments will launch 13 Sicav versions of Oeics ahead of the UK’s exit from the European Union as the asset manager prepares to switch EU-based investors out of its UK-domiciled range into Luxembourg-domiciled alternatives.
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Gold ETP inflows at highest level since Brexit
Ongoing trade tensions and mixed equity market sentiment has seen gold ETP inflows spike in April to the highest level since the Brexit referendum in 2016.
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Mark Mobius to exploit star power for ESG fund
Mark Mobius’s planned responsible emerging markets fund will not seek companies that score high on environmental, social and governance (ESG) metrics, instead looking for companies with relatively poor ESG practices and work directly with the management on improving them.
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Oil price spikes as Trump quits Iran nuclear deal
Donald Trump’s decision to walk away from the Iran nuclear deal has seen the oil price take off, as political tensions in the Middle East look set to increase.
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Lindsell Train staff pay averages £1m
Lindsell Train fee revenue has jumped, according to its latest financial statements, with performance fees almost tripling on the back of strong performance and inflows.
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Janus Henderson continues European equities hiring spree
Janus Henderson has added two investment analysts to its European equities division following a number of senior departures.
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Hermes beefs up fixed income team with double hire
Hermes Investment Management has appointed Stephane Michel and Andrew Lennox in a bid to expand its now 26-strong fixed income team in London.
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Standard Life Aberdeen challenges Lloyds over axed £109bn contract
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.
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Cheapest UK equity funds fail to perform
Only 5% of the top-performing funds in the IA UK All Companies sector have an ongoing charges figure lower than 0.70%, according to analysis by Chelsea Financial Services.
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Cryptocurrency fund of hedge funds launched for retail investors
A cryptocurrency and blockchain investment manager has launched a fund of hedge funds for retail investors.
