Companies
Standard Life posts jump in offshore bond sales
Standard Life increased offshore bond assets on its wrap platform by 23% last year although operating profits from its European business, which includes the Dublin-based international bond business, declined.
Australia’s AMP gets profit boost from wealth management
A strong performance from its wealth management arm helped Australian insurance group AMP boost profits by 10% in the year to 31 December 2015.
Model Portfolio Manager tool launched on Novia platform
International intermediaries platform Novia Global launched its new Model Portfolio Manager (MPM) tool on Thursday, making it available to users of the company’s wealth management service.
Zurich to divest 25% stake in Openwork
Zurich Insurance Company will divest its 25% stake in financial services partnership Openwork within the next four years, under an agreement that will see Openwork continue to distribute Zurich product lines in the UK.
Momentum buys London & Capital DFM business
Momentum UK, has expanded into the British DFM market with the acquisition of London & Capital’s Adviser Solutions business for an undisclosed sum.