News
US equities looking expensive warns Amundi’s Mortier
US equity valuations have become expensive on a price-to-earnings basis and investors are urged to stay away from them, according to Vincent Mortier, Amundi Group’s Paris-based deputy chief investment officer and global head of multi-asset.
Middle East | news 4 Jan 17
DFSA rules out ban on commission, Insurance Authority update
The Dubai Financial Services Authority (DFSA) has no proposals to ban commission, according to chief executive Ian Johnston.
United Kingdom | news 3 Jan 17
Steve Webb knighted in New Year’s honours list
Former UK pensions minister Steve Webb has been awarded a knighthood for political and public service in the Queen’s New Year honours list.
LM directors escape legal sanctions in Australia
The former directors of the collapsed Queensland-based fund manager LM Investment Management (LMIM) did nothing wrong, an Australian court has ruled.
Aegon to become ‘fully-fledged’ platform after Cofunds buyout
Dutch-headquartered insurer Aegon has moved a step closer to transforming itself from a traditional life company to a “fully-fledged platform business”, after officially completing the purchase of the Cofunds UK platform.