Industry
Old Mutual Wealth acquires £40m IFA
Old Mutual Wealth Private Client Advisers has acquired Wiltshire-based IFA firm A&M Financial Services.
Australia sets up financial complaints authority
A financial complaints authority has been established in Australia to deal with dispute resolutions, a move praised by the country’s securities and investment commission (Asic).
Hong Kong authorities raid company connected to Convoy
Hong Kong’s anti-graft body and market regulator have joined forces to raid the office of Town Health International Medical Group, a company that has strong ties to the embattled financial advisory firm Convoy Global.
Best Practice | 14 Feb 18
7IM launches decumulation service for advisers
Seven Investment Management has launched a retirement planning service to help advisers in the UK look after clients at, and nearing, retirement.
Woodford-backed start-ups reveal cash woes
Itaconix and RM2 International, two small-cap firms that are majority owned by Neil Woodford, have reported cash troubles in their latest trading updates. Elsewhere, the heavyweight UK manager has doubled his exposure to builder Crest Nicholson.