Industry
Woodford pharma darling proposes de-listing and liquidation
Abaco Capital, a pharmaceutical company majority-owned by Neil Woodford, has announced its intention to cease trading on the Aim exchange and enter voluntary liquidation after failing to make a mandatory takeover bid.
PEOPLE MOVES: AJ Bell, Charles Stanley, Intertrust
AJ Bell has brought in a legal ringer ahead of its initial public offering, Charles Stanley has bolstered its Edinburgh office with three ex-Tilney people and Intertrust has appointed a director to support clients who need to defer bonus payments.
OMGI inks US and LatAm distribution partnership
Old Mutual Global Investors has entered into a relationship with a recently established, Miami-based, third-party distribution firm, as part of its commitment to the US offshore and Latin American regions, the firm said.
Best Practice | 6 Apr 18
Two in three still confused by pension freedom rules
Despite being three years since HM Revenue & Customs introduced the pension freedoms, two out of three people over the age of 55 say they are still confused by the regulations.
ANZ fined A$3m for advice client review failings
Australia’s ANZ Bank has been fined for charging fees but providing no service after the country’s financial watchdog found it had failed to produce documented annual reviews to more than 10,000 financial advice customers over a seven-year period.