News
Wealth managers underestimate HNWI appetite for robo-advice
Wealth managers are significantly underestimating the propensity of ultra high net worth individuals to make use of automated advice services, the World Wealth Report 2015 shows.
Retirement | news 17 Jun 15
Osborne reveals £1bn withdrawn since UK pension reforms
Thousands of UK savers have collectively withdrawn more than £1bn from their pension pots after new freedoms were introduced in April.
Tax & Regulation | news 17 Jun 15
Macquarie agrees compensation for wrap platform users
Macquarie Investment Management, the asset management arm of Australia’s Macquarie Bank, is to refund over A$5.5m (£2.68m, $4.2m) to around 2,300 clients for errors on its wrap platform.
Retirement | news 17 Jun 15
Advisers told to delay QROPS transfers as HMRC suspends list
Advisers have been “strongly advised” to exercise caution around QROPS transfers until HMRC lifts its suspension of the overseas pensions list, with the Revenue suggesting that schemes will be missing upon its return.
BNP poaches Schroders multi-asset man
BNP Paribas Investment Partners has enhanced its multi-asset offering with the recruitment of Matt Joyce as portfolio manager.