United Kingdom
Axa Wealth adds AllianceBernstein funds to wrap platform
Axa Wealth has added 11 AllianceBernstein funds to its wrap platform following this year’s pension reforms, their first offering to the UK retail investment market.
Sanlam expands UK wealth planning operation
The UK wealth planning arm of South African insurance giant Sanlam Group has expanded its assets in Britain to over £1bn with the acquisition of an advice firm in southern England.
Most IFAs tweak business models ahead of ‘sunset’ deadline
The majority of UK-based advisory firms receive most of their recurring revenue from fees, a sure sign that many have made significant changes to their business models in the run up to next year’s ‘sunset’ deadline.
ANALYSIS: The dangers of wealth management consolidation
Wealth management and financial advice firms have been snapping up their peers at some rate in the post RDR world, but in recent months this has been kicked up a gear.
United Kingdom | 5 Aug 15
Axa IM predicts €34bn FuM loss after Friends Life/Aviva merger
Axa Investment Managers expects to lose more than two thirds of the €50bn it manages for Friends Life to Aviva Investors following the latter’s acquisition of Friends Life earlier this year.