Industry
Technology | 18 Aug 16
UK fintech start-up to launch straightforward robo-adviser
Robo-advice and investment service Munnypot said it plans to launch a financial advice service to the UK market in the autumn that offers straightforward advice using simple language.
Royal London posts strong growth as advisers help sales
Royal London, the UK’s largest mutual life, pensions and investment company, has posted strong growth in its pension and protection business driven in large part by sales to customers introduced by financial advisers.
Axa, Allianz in bidding war over Asia bank distribution deal
Insurance giant Allianz and France’s Axa are locked in a bidding war to acquire the distribution rights to sell insurance products through Standard Chartered channels in Asia.
Lombard Odier partners with Filipino bank to grow in Asia
Global wealth and asset manager Lombard Odier has signed a strategic agreement with UnionBank to offer its investment solutions to onshore private clients in the Philippines in a move that further expands the firm’s footprint in Asia.
People Moves | 18 Aug 16
PEOPLE MOVES: FCA hires ex-FBI man, Deutsche Bank, Old Mutual
The UK regulator has pulled out the big guns and appointed a former FBI man to head up its retail and regulatory investigations. Deutsche Bank has appointed co-heads of wealth management for Germany and Old Mutual International has named an operations director for the Isle of Man.