News
Sanlam merges wealth arms, courts advisers in SJP challenge
Sanlam UK is to set up a new division encompassing its discretionary fund management and financial advice divisions and launch a partnership initiative for advice firms to join the group in a move that challenges St James’s Place’s existing model.
Half of new billionaires in Asia but Europeans fare best
Led by China, Asia created one billionaire nearly every three days and accounted for over half of new billionaires in 2015 despite global billionaire wealth declining last year by $300bn to $5.1trn (£4.2trn, €4.6trn), according to a joint UBS Group and PwC report.
Investment | news 13 Oct 16
ANALYSIS: Does a 7000 point FTSE mean it’s time to sell?
As the FTSE 100 settles into its lofty position above 7000, investors will be asking whether it is time to bank some profit.
Technology | news 13 Oct 16
Robo-advice done right will be bespoke and regulated
EValue founder Bruce Moss says robo-advice has the potential to irrevocably alter the consumer experience in the financial services industry, but it has to live up the regulatory standards and bespoke nature of traditional advice.
United Kingdom | news 13 Oct 16
Hargreaves revenues up, but inflows drop
Shares in Hargreaves Lansdown fell 2% this morning on the back of mixed results for Q3 – revenue was up 15% to £90.6m, but inflows dropped 22% compared to Q1.