Markets
News by: Danielle Levy
Towry chief Fisher to be replaced by Prudential UK head
Towry chief Andrew Fisher is to leave and will be replaced by Prudential UK head Rob Devey.
Hargreaves welcomes Woodford launch as assets breach £45bn
Hargreaves Lansdown's revenue rose 8% over the past nine months as the group transitioned for RDR rules.
Charles Stanley warns profits 10% lower than expectations
Post-RDR consultancy and IT costs have weighed on profitability at the wealth management group.
MacKinnon: Regulation, not profitability, motivated Ingenious deal
Thurleigh founder Charles MacKinnon said there was no ‘burning building’, with the deal motivated bya three to five-year view on regulation.
What the UK’s wealthy think of the RDR
A study by Pershing reveals that wealthy clients understand the outcomes of the RDR but view advice as more expensive since the regulation was introduced.
30% of UK's wealthy say advice more expensive post-RDR
Over a fifth of wealthy clients are considering switching adviser or wealth manager since the introduction of the far-reaching regulation.
Brewin deputy equity research head Salvesen to exit
Brewin Dolphin’s research team will see another departure.
Brewin vs Charles Stanley: rival CEOs speak out
Brewin Dolphin’s decision to sue rival firm Charles Stanley has received backing from competitor CEOs. However, some have concerns about the broader fallout for the industry.
RBS deal could spark divi return
Royal Bank of Scotland has negotiated the removal of a barrier to dividend payments.
Polar Capital buoyed by 83% asset boost
Asset manager Polar Capital has navigated a challenging quarter as assets breach the $13 billion mark.
Lord Myners quits Co-op amid governance review
The Co-op has suffered another high profile departure as senior independent director Lord Myners departs.
Hargreaves tops FCA's investments complaints list
FCA data also revealed Barclays attracted the most complaints from its clients at a firm level.
Stanhope plans Channel Islands growth with double hire
Stanhope Capital hopes to grow Channel Islands' business with the appointment of David Nolan and Jonathan Overland.
City Financial to buy Iveagh funds business
City Financial is set to acquire Iveagh's funds business, with CIO Chris Wyllie moving over as part of the deal.
AXA Wealth cuts pricing for larger portfolios
AXA Wealth has unveiled reduced charges for larger portfolios on its Elevate platform.
Ingenious AM and Thurleigh to merge
Ingenious Asset Management and Thurleigh are to join forces.
Profile: Castlebay's Barclays alumni on four rules to build a boutique
Glasgow boutique Castlebay was launched by former Barclays bankers David Ridland and David MacNeil
Pru chief takes home £8.7m in 2013
Prudential chief Tidjane Thiam was only the insurer’s third-highest paid employee, with 10 of its senior team awarded a total pot of £72 million.
Osborne warns of disciplinary action post-FCA zombie fund fiasco
Chancellor warns FCA that disciplinary action should follow the muddled way it revealed a probe into the insurance industry, as John Griffith-Jones responds
How will the SandAire-Lord North Street tie-up work?
SandAire and Lord North Street will run as separate entities following their merger, as the new management takes its time over key decisions - including the name.
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Canaccord Wealth's Jukes: why bitcoin could cause disruption
Robert Jukes, global strategist at Canaccord Genuity Wealth Management offers an insight into his investment thinking and outlines the potential impact of the rise of crypto-currencies.