Regions
No-deal Brexit could make 38 million pension payments illegal
The head of the Association of British Insurers has warned that 38 million individuals living in the EU could have their UK pension and life policy payments deemed “illegal” if no Brexit deal is reached.
Investment scams costing Aussies A$4.3m per month
Australians have lost A$26m (€16.4m, £14.6m, $19.2m) to investment scams in the first half of 2018, which equates to A$4.3m every month, according to the Australian Competition and Consumer Commission’s (ACCC) Scamwatch website.
Investment | 24 Jul 18
Transact funds hit £32bn as outflows pick up
Total funds at newly-listed platform Transact hit £32bn over its third quarter reporting period despite seeing higher outflows.
PEOPLE MOVES: Franklin Templeton, FundRock, BNP Paribas
Franklin Templeton hires from Martin Currie, FundRock appoints a head of business development and BNP Paribas finds its next global head of sustainability.
Progeny assets hit £1bn following adviser acquisition
Wealth manager and legal adviser Progeny Group has acquired Evolve Financial Planning in a deal that will see its assets under advice grow to more than £1bn (€1.1bn, $1.3bn).