Regions
Australia’s IOOF considers buying ANZ’s wealth business
Australian-listed financial services firm IOOF Holdings has indicated it is interested in buying the ANZ bank’s domestic wealth management business.
Pacific Investments launches asset management business
Sir John Beckwith’s Pacific Investments group has launched Pacific Asset Management (PAM), which will initially focus on the multi-asset retail space, with institutional fund launches planned at a later stage.
St James’ Place doubles adviser numbers in Asia
St James’s Place has expanded its presence in Asia as it moves from servicing expats and looks to target the region’s high net-worth individuals (HNWIs), said Mike Gravestock, partnership director for Asia and international.
North America | 30 Nov 16
Industry still fears Trump will veto US adviser reforms
As President-elect Donald Trump prepares to take the helm in the most powerful job on Earth, the advice industry has continued to raise concerns he may scrap the US Department of Labor’s (DoL) upcoming fiduciary rule, requiring specialist retirement advisers to put their client’s interests first.
Investment | 29 Nov 16
ANALYSIS: Will the Fed turn its back on the world next year?
With a December interest rate rise now close to certain, investors will no longer be trying to assess when the Federal Reserve will raise rates next, but what the path will be after this.