United Kingdom
Tax & Regulation | 21 Jun 16
FAMR’s financial advice working group named
The UK’s Financial Conduct Authority has named a working group that will take forward three key recommendations of the Financial Advice Market Review.
MitonOptimal to acquire Coram
MitonOptimal is set to acquire Coram Asset Management, the boutique multi-asset manager that was founded by James Sullivan and the late Martin Gray in September 2014.
Retirement | 21 Jun 16
Prudential pulls out of annuities open market
UK insurer Prudential will no longer sell annuities on the open market through advisers, a move which coincides with the end of a consultation into the government’s plans to implement a secondary annuities market.
L&C to fund new acquisition with management buyout
Qrops provider London & Colonial (L&C) is planning a management buyout of its business in order to help fund new acquisitions, the company has confirmed.
Fixed Income | 20 Jun 16
To sell or not to sell: EEA investors facing ‘dismal’ options
Investors in beleaguered Guernsey-based EEA Life Settlements Fund are stuck between the devil and the deep blue sea as they decide whether to sell their shares at a heavily discounted price or face another 10 years in the failed fund.