News
People Moves | news 19 Jul 16
PEOPLE MOVES: Aegon, UK and Australia governments
Aegon UK’s chief financial officer is to depart, while both the UK and Australian governments have announced further political manoeuvring following the Brexit referendum and Australian national elections.
L&G ups UK property fund valuation by 5%
The price of Legal & General’s UK Property Fund rose by 4.3% after repricing the charge it imposed on people who wanted to withdraw cash from the fund.
Investment | news 18 Jul 16
Cayman bank and BVI forex trader sued in alleged Ponzi scheme
Cayman Islands-based DMS Bank Trust and British Virgin Islands-domiciled CWM are being sued by 318 victims of an alleged £50m ($65.9m, €59.7m) investment fraud.
South Africa insurer Sanlam buys 49% stakes in Firstglobal AM
Graviton Financial Partners, a wholly-owned subsidiary of South African insurance giant Sanlam, has acquired a 49% stake in Firstglobal Asset Management for an undisclosed sum.
Retirement | news 18 Jul 16
The UK property downsizing pension delusion
Up to three million people of working age in the UK who plan to use the value of their home to fund their retirement could be headed for a shock, says Royal London.