Old Mutual Wealth to be spun out and floated
Old Mutual Wealth is set to be spun out of its parent group and floated on the London and Johannesburg stock exchanges as part of Old Mutual’s four-way demerger.
JPM sees modest Brexit impact on emerging markets
The macro economic drivers for emerging equities are largely unaffected by the UK referendum vote and the firm has maintained its overweight call.
Blacktower recommits to Gibraltar but ‘contemplates’ future
Blacktower Financial Management Group says it has no plans to leave Gibraltar for now and will go ahead with the opening of a new office there as the firm sought to reassure the British overseas territory over claims it is looking to move its headquarters to another EU member state.
Standard Life and Axa worst hit as int’l life shares plunge
Shares in the world’s largest life and pensions companies have been hit for a second day following the announcement on Friday that Britain has decided to leave the European Union.
IA launches volatility managed sector to deal with outcome funds
The UK’s Investment Association has unveiled a new volatility-managed sector, to deal with the swelling ranks of unclassified funds.