Old Mutual Wealth ready to list as profit soars 40%
Old Mutual Wealth is now ready to list as Quilter, with its annual results showing the company’s pre-tax profits rose by 40% in 2017, driven by “unusually high” performance fees.
Will investors stick with ‘cash cow’ M&G?
Prudential’s decision to spin-off and float its UK asset management and savings arm was met with widespread approval from investors. But how many of them will continue to invest in the life insurer’s “neglected” business when it lists?
Panama Papers take down law firm Mossack Fonseca
The law firm at the centre of the Panama Papers scandal, which saw millions of its private client files leaked to the media, has announced it is closing.
Best Practice | 15 Mar 18
Zurich Int’l Life rolls out online portfolio management tool
Advisers and their clients will be able to digitally rebalance investments using a digital offering launched by Zurich International Life.
Nexus departs Singapore to focus on Middle East
Dubai-headquartered Nexus Group has confirmed to International Adviser that it is to close its Singapore arm, Nexus Financial Services, and focus on its core Middle East operations.