News
United Kingdom | news 15 Jun 17
Former Lumiere boss Chris Byrne faces further fraud charges
The founder and managing director of defunct Jersey-based IFA firm Lumiere Wealth, Christopher Byrne, is facing further charges related to his role in selling investments in the now-collapsed Providence Funds.
US asset manager PGIM targets key European markets
PGIM Investments, the asset management arm of US insurer Prudential Financial, has registered a range of Ucits funds for sale in five new markets.
Coram AM buys DFM ahead of managed portfolio service launch
Coram Asset Management has acquired Bath-based Minerva Fund Managers ahead of the launch of seven model portfolios.
Investment | news 15 Jun 17
Saudi asset manager combines Shariah and ethical strategies
Sedco Capital, one of the largest asset managers in Saudi Arabia, has launched an investment strategy that integrates the firm’s Shariah-compliant investment approach with ethical investing.
Best Practice | news 15 Jun 17
Fear driving global rise in DB pension transfers say advisers
Fear that defined benefit (DB) pension schemes may be unable to meet their long-term liabilities is driving demand for pension transfers, research from Old Mutual International (OMI) has found.