United Kingdom
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).
Under pressure UK taxman facing more High Court challenges
Taxpayers are fighting back against the more aggressive and dogmatic approach being taken by HM Revenue & Customs, according to law firm RPC.
Duration raises mis-selling risks in bond-heavy portfolios
With interest rate rises looming, duration concerns are now becoming more tangible and many commentators are wondering if a bond mis-selling scandal awaits low-risk portfolios full of bonds.