United Kingdom
Hong Kong IFA firm buys stake in Nutmeg for £24m
Convoy, one of the largest IFA firms in Hong Kong, has paid £24m ($30.2m, €27.8m) for a stake in UK investment platform Nutmeg, in a move praised by UK chancellor Philip Hammond.
Health & Protection | 14 Nov 16
Aviva overhauls protection range following Friends Life buyout
Aviva has overhauled the protection products it offers the UK adviser market by merging them with Friends Life policies under one umbrella.
Two acquisitions for Guernsey’s MJ Hudson
Specialist law and asset management services firm, MJ Hudson, has acquired investment advisory firm Allenbridge and outsourced fund management provider Tower Gate Capital.
Best Practice | 11 Nov 16
UK advisers working longer to keep up with demand
At an average fee of around £157 ($195, €179) an hour, a large proportion of UK advisers are having to work longer hours to keep up with demand, according to a new survey by insurance giant Prudential.
Tax & Regulation | 10 Nov 16
Financial crime will ‘mutate and morph’: FCA chief
It would be unwise to say that financial crime has been beaten as it will always “mutate and morph”, according to Andrew Bailey, chief executive of the UK’s Financial Conduct Authority (FCA).