United Kingdom
New IA working group to investigate fund manager pay
The Investment Association, which represents the UK’s £5.5trn investment management sector, is to examine executive pay across the industry in a bid to simplify what it acknowledges are complex structures.
RSA to sell Latin American arm for £403m
UK-headquartered RSA Insurance Group is to trade-in its businesses in Latin America for £403m as the firm continues the sell-off of its non-core operations.
United Kingdom | 4 Sep 15
Aberdeen buys Parmenion to assure fintech future
Fund group Aberdeen Asset Management has acquired Parmenion Capital Partners and its sister company, Self Directed Holdings, in a bid to bolster its financial technology offering.
United Kingdom | 4 Sep 15
Investors in troubled EEA Life Settlements to receive payout
Investors in the EEA Life Settlements Fund will receive a £56.1m payout after the sale of 188 US life insurance policies.
ANALYSIS: Communication key for managers to navigate new, older world
Data out from the Association of British Insurers and the Office for National Statistics in the past few days should have asset managers rubbing their hands with a mixture of excitement and trepidation.