Companies
Best Practice | 5 Sep 17
Complaints against SJP up but Sesame worst advice offender
The UK’s Financial Ombudsman Service (FOS) received 22% more new complaints against St James’s Place in 1H17 compared with 2H16 and, despite a drop in the number of complaints against Sesame, the network remained the most complained about advice provider.
Companies increase long-term focus as quarterly reporting falls
The UK’s top companies are reducing the publication of quarterly reports with an increasing number abandoning them altogether, the UK’s Investment Association has found.
PEOPLE MOVES: RWC Partners, Sanlam Four, Lombard Odier PB
RWC Partner’s acquisition of Pensato Capital has added a seven-strong team, including the firm’s founder, while Sanlam Four and Lombard Odier Private Bank are making a UK push with their latest hires.
OMW splits off £16bn multi-asset business as Buxton eyes MBO
Old Mutual Wealth is to spin off a dedicated £16bn ($20.7bn, €17.5bn) multi-asset investment business as part of the ongoing “managed separation” from its parent company.
PEOPLE MOVES: Zurich, Aberdeen Standard, Walker Crips
Zurich’s group chief risk officer is to retire next year, with her replacement already identified. One of the insurer’s chief underwriting officers has also confirmed his departure. Aberdeen Standard Investments has named a general manager and senior representative in China, while Walker Crips has confirmed a raft of senior changes as its chief executive plans his retirement.