Industry
Tilney targets advisers with ‘smart beta’ range
UK wealth manager Tilney for Intermediaries is planning to launch a new range of ‘risk graded, low cost multi-asset funds’ in the first quarter of 2017.
Best Practice | 1 Dec 16
Australia passes law to slash upfront life commissions
The Australian government has passed a law that will significantly reduce the upfront commissions paid on life insurance products and cap ongoing charges.
Retirement | 1 Dec 16
Dodgy Sipps claims to drive up FSCS levy on UK advisers
The UK’s Financial Services Compensation Scheme (FSCS) has warned it may impose an interim levy on life and pension advisers over the increasing number of claims related to self-invested personal pension schemes (Sipps).
Woodford IM and L&G to fund UK start-ups
Woodford Investment Management (IM) and Legal & General’s principal investment arm have taken stakes in a £150m ($187m,€176m) venture platform to support UK digital start-ups at all stages of the funding cycle.
Australia’s IOOF considers buying ANZ’s wealth business
Australian-listed financial services firm IOOF Holdings has indicated it is interested in buying the ANZ bank’s domestic wealth management business.