Industry
Retirement | 11 Jul 16
UK pensions at risk like never before, says deVere CEO
Pensions in the UK face an unprecedented level of risk following the vote to leave the European Union, according to deVere Group chief executive Nigel Green.
Legg Mason acquires 82% in US-based investment platform
Legg Mason has acquired an 82% stake in US-based online investment adviser Financial Guard for an undisclosed sum.
Tax & Regulation | 8 Jul 16
UK regulator wades in to property fund suspensions
The Financial Conduct Authority (FCA) has reminded fund managers of their obligations to investors following the closure of a number of high profile property funds in the UK.
Zurich to sell Africa units to Canadian insurer Fairfax
Swiss-based insurer Zurich has sold its operations in South Africa and Botswana to Canada’s Fairfax Financial Holdings for an undisclosed sum.
Middle East | 8 Jul 16
Saudi’s Sedco Capital to manage new MENA Ucits Fund
Saudi Arabia-based fund manager Sedco Capital has been awarded a mandate by Milltrust International to manage a new Middle East and North Africa (MENA) fund.