United Kingdom
FNZ to acquire €31bn German platform
White label investment platform technology provider FNZ has snapped up German platform Ebase.
UK funds invest £650m in Trump detention camps
St James’s Place, Neptune and Aviva Investors are among asset managers with £657.7m ($869m, €744m) in three companies connected with US detention camps holding immigrants and their children.
UK compensation scheme declares 3 advice firms in default
Clients of three failed financial advice firms can now get their money back after the UK’s Financial Servies Compensation Scheme (FSCS) declared them in default.
Retirement | 12 Jul 18
High court approves Royal London’s ‘substantial’ cash offer
Royal London policyholders will be receiving offers for their guaranteed annual return pension schemes after the UK High Court, in principle, signed off on the provider’s plan to cash out savers.
PEOPLE MOVES: Ardan chief executive departs
Ardan International’s chief executive announces his departure, Holborn’s Hong Kong chief executive moves to the US, while a senior adviser re-joins Barclays Wealth Management.