News
Retirement | news 25 Apr 17
UK ombudsman blasts Sipp transfer into Ukrainian property fund
A UK investment firm provided a client with “unsuitable advice” after recommending he invest nearly £50,000 (€58,937, $63,995) of his savings in an unregulated Ukrainian property scheme that later ran into trouble.
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.
Bangladesh life market forecast to grow by $1.5bn
Bangladesh’s life insurance market is likely to expand by $1.5bn (£1.2bn,€1.4bn) in the next three to four years, according to Chris Townsend, MetLife’s Asia president.
Middle East | news 24 Apr 17
Abu Dhabi banker probed by Italy over 1MDB scandal
Italian prosecutors are investigating a former Emirati sovereign wealth fund official over allegations of insider trading in UniCredit shares in the Malaysian 1MDB scandal, which has led to a crackdown of a number Swiss banks.
Europe ex UK funds to watch based on their AUM
The following funds are among the largest and most established in the European ex UK equities sector, all featuring experienced managers that have established investment processes.