Industry
Blackrock undercuts Vanguard with slashed fees
Blackrock has undercut Vanguard by slashing fees on an iShares emerging markets product and matching its rival’s pricing on four European equity funds.
European Wealth’s ambitious US acquisition collapses
Guernsey-based European Wealth Group’s acquisition of US broker Newbridge has been “mutually” called off.
PEOPLE MOVES: Brewin Dolphin, Manulife, JP Morgan
Brewin Dolphin bolsters its Jersey team with a senior hire, Manulife announces three promotions to its management team in Hong Kong and JP Morgan Asset Management grows its international ETF business with six appointments.
Hansard’s Bahamas move branded ‘disappointing’
Senior figures in the Isle of Man life insurance sector have criticised Hansard’s decision to set up a company in the Bahamas, which the insurer admits was partly driven by the looming commission disclosure rules.
Clients of fraudster IFA brothers receive £5m compensation
The UK’s compensation scheme has paid out almost £5m (€5.7m, $6.7m) in claims against the brothers behind Taylor & Taylor Associates, who defrauded more than 200 clients to fund lavish lifestyles that included private jets and Rolex watches.