United Kingdom
Nucleus to float on London’s AIM in July
Platform provider Nucleus will float on the London Stock Exchange’s Alternative Investment Market (Aim) later this month, in a deal that is expected to value the business at £150m ($198m, €169m).
Best Practice | 2 Jul 18
Pensions industry shuns cash-poor millennials
Millennials have largely been left in the lurch by pension providers who assume they are too cash poor or disinterested to engage with investing for their future.
Sipp complaints help push UK compensation to £405m
Customers of failed financial services firms received £405m (€458m, $530m) in compensation from the Financial Services Compensation Scheme (FSCS) in 2017/18, in part driven by a rise in Sipp complaints.
Advisers join asset manager KID reform push
International advisers have joined European fund managers in a call to reform key information documents for packaged retail and insurance-based investment products – six months into implementation.
PEOPLE MOVES: Skagen, Wise Funds, Vistra
Vistra’s chief executive steps down, Wise Funds hires a fund manager from Schroders and Skagen Funds promotes one of its own to lead the company.