News
United Kingdom | news 28 Jun 16
Apfa urges UK to delay launch of secondary annuity market
The introduction of a secondary annuity market in the UK should be delayed due to a lack of interest from advisers as well as the post-Brexit fallout, the Association of Professional Financial Advisers (Apfa) has told the UK’s Financial Conduct Authority (FCA).
Old Mutual Wealth to be spun out and floated
Old Mutual Wealth is set to be spun out of its parent group and floated on the London and Johannesburg stock exchanges as part of Old Mutual’s four-way demerger.
People Moves | news 28 Jun 16
PEOPLE MOVES: Legal & General, Axa, Schroders
Legal & General has named a Whitehall veteran as group chairman, while Axa has announced a series of senior level changes. Schroders has promoted from within to fill its head of multi-asset investment role.
Middle East | news 28 Jun 16
AES gets DFSA licence, opens new Dubai office
UK-headquartered AES International, which provides financial advice to expats across the Middle East, has opened a new office in the Dubai International Financial Centre (DIFC) after gaining a licence from the Dubai Financial Services Authority (DFSA).
JPM sees modest Brexit impact on emerging markets
The macro economic drivers for emerging equities are largely unaffected by the UK referendum vote and the firm has maintained its overweight call.