Platforms
The Lang Cat: 90% of platform assets at risk
Approximately 90% of the £519bn ($724bn, €587bn) assets held on adviser platforms are at risk of disruption from a major business change, according to The Lang Cat.
Old Mutual Wealth ready to list as profit soars 40%
Old Mutual Wealth is now ready to list as Quilter, with its annual results showing the company’s pre-tax profits rose by 40% in 2017, driven by “unusually high” performance fees.
Best Practice | 5 Mar 18
Asset managers pay £34m compensation for closet trackers
The Financial Conduct Authority (FCA) has ordered asset managers to pay investors £34m (€38m, $46.9m) in compensation after overcharging for “closet tracker” funds, in a move described as “hugely positive” for investors.
Transact receives premium listing in £650m IPO
The parent company of investment platform Transact has been admitted to the London Stock Exchange’s main market for listed securities.
Aegon backs platforms over life in top-tier shakeup
Aegon has taken a major step away from being a traditional life company towards becoming an intermediated, digital platform business, as it makes a raft of changes to its senior management team and announces a new investment management company.