Industry
Aussie advisers to help foot the bill for industry regulator
The Australian Government has approved an industry funding model that will see retail financial advisers pay at least A$1,500 (£890, $1,136, €1,012) each to fund the Australian Securities and Investments Commission (Asic).
Retirement | 15 Jun 17
Ex-footballer Shearer settles negligent financial advice case
Alan Shearer has agreed a settlement deal after launching a £9m ($11.5m, €10.2m) court bid against his former financial adviser for giving the ex-Newcastle United and England striker negligent financial advice.
US asset manager PGIM targets key European markets
PGIM Investments, the asset management arm of US insurer Prudential Financial, has registered a range of Ucits funds for sale in five new markets.
Coram AM buys DFM ahead of managed portfolio service launch
Coram Asset Management has acquired Bath-based Minerva Fund Managers ahead of the launch of seven model portfolios.
Best Practice | 15 Jun 17
Fear driving global rise in DB pension transfers say advisers
Fear that defined benefit (DB) pension schemes may be unable to meet their long-term liabilities is driving demand for pension transfers, research from Old Mutual International (OMI) has found.