Wealth Management
Strong pension business helps SJP net inflows rise to £2bn in Q1
UK-based wealth manager St James’s Place (SJP) has reported net inflows of £1.99bn in the first quarter of 2017, bringing assets under management (AUM) to nearly £80bn, helped by solid growth in its pensions business.
Investment | 17 Mar 17
Succession founder Simon Chamberlain dies, aged 51
Succession Group founder and group chief executive Simon Chamberlain died on Friday 17 March, aged 51.
China’s bank regulator to close loopholes, increase oversight
The freshly appointed chairman of the China Banking Regulatory Commission (CBRC) has vowed to close cross-market financial product loopholes and tighten oversight of the nearly CNY30trn (£3.5trn, $4.4trn, €4.1trn) held in Chinese banks’ wealth management products.
Asset management outlook bright but technology threat lurks
Two-thirds of chief executives in the asset and wealth management industry believe technology will reshape their business over the next five years, but just 10% are prioritising the development of digital skills and capabilities within their companies.
Australia’s IOOF profits fall after trimming adviser business
One of Australia’s biggest and oldest independent financial advice and wealth management companies, IOOF, has posted a 45% drop in net profit for the six months to 31 December 2016.