United Kingdom | 23 Aug 16
Robo-advisers will take years to be profitable, warns report
Robo-advisers will have to wait up to a decade to make a profit from their clients, according to a new report into the sector.
Canada Life premiums jump 50% amid soaring fund sales
Canada Life’s second quarter premiums rose by more than 50% compared to the previous year due to a surge in the sale of funds, figures from its parent company Great-West Life show.
Malaysian insurers to target Europe in Islamic finance push
Malaysia’s Islamic insurers are considering a move into Europe by targeting the continent’s growing Muslim population, an expert in Islamic finance has said.
Fixed Income | 22 Aug 16
Gilt yield fall has pushed up duration risk sharply – Kames
With the risk vs reward profile of UK gilts already skewed to the downside further yield falls would be undesirable, according to Kames Capital.
Woodford makes move against bonus culture
Neil Woodford has thrown down the gauntlet to the fund management industry by scrapping bonuses at his self-titled firm.