Moneysupermarket boosts revenue despite falling insurance premiums October 12, 2018 Price comparison website Moneysupermarket has reported an increase in revenue in its latest trading update, despite falling insurance premiums. Insurance revenues grew by two per cent to 48.7m, while revenues in its money division jumped seven per cent to 21.8 per cent in the three months to the end of September. Read more: Insurance giant makes a [...]
Blackrock wins £30bn investment contract from Scottish Widows as owner Lloyds walks away from Standard Life Aberdeen October 12, 2018 Blackrock today won a £30bn investment contract in Lloyds Banking Group-owned Scottish Widows. The asset manager will invest the pension company’s funds in index strategies while also seeking to establish a strategic partnership to collaborate in risk management, alternative asset classes and innovative investment technology, Lloyds said. The money forms part of a £110bn pot [...]
Asset management firm Man Group announces boosted inflows and opens Jersey holding company October 12, 2018 Man Group, the worlds largest listed asset management firm, has reported an increase in funds under management in a trading update today. The fund saw net inflows of $0.4bn (£0.3bn) in the three months to the end of 30 September, it announced today, as it also revealed its intention to open a new group holding company in Jersey. [...]
Today’s wealth management industry is as deceitful as the tobacco companies of the past October 11, 2018 When medical suspicions of health impacts of cigarettes were first raised, the tobacco industry obfuscated and suppressed their own knowledge of smoking risks. In many ways, this mirrors what is happening in the wealth management industry today, as many companies suppress information about their fee structures, and often fail to warn consumers of the long-term damage these hidden fees [...]
Investor demand for environment-friendly firms is becoming ‘phenomenon’ says top Barclays banker October 11, 2018 Demand for investments in businesses pursuing environmentally and socially responsible aims is building up unstoppable momentum, according to a top banker at Barclays. Joe McGrath, global head of banking at the British bank, says the growth of environmental, social, and governance (ESG) concerns in business has become a “phenomenon” in the last five years. ESG [...]
Gam shares leap more than 12 per cent on takeover rumours October 10, 2018 Shares in troubled fund manager Gam have shot up by more than 12 per cent on the news it could be taken over by a mystery buyer. Shares were up by 12.53 per cent in afternoon trading. Bloomberg reported that informal talks were being held with potential buyers looking to acquire the entire business or [...]
NEX Exchange Profile: Sativa Investments PLC October 10, 2018 | Sponsored Gary Mead talks to Geremy Thomas, CEO of Sativa Investments – quoted on NEX Exchange and the UK’s first medicinal cannabis investment vehicle One of the leading proponents of medicinal cannabis in the UK today is Geremy Thomas, CEO of Sativa Investments (Sativa), which is quoted on the NEX Exchange and is the UK’s first [...]
Does Goldman Sachs retail bank Marcus really warrant all the hype? October 10, 2018 Marcus sounds worlds apart from the financial beast that is Goldman Sachs. But that’s the point – Marcus is meant to sound approachable, a bank for normal people. Named after one of the company’s founders, Marcus Goldman, this new challenger bank has proved popular since it first launched in the US back in 2016. It’s also [...]
Token Intelligence: When the revolution begins October 9, 2018 When will it kickoff? It already has! (You just cannot see it yet). Perhaps the most enjoyable part of my role these days is that I get to meet some of the brightest minds in business, not least via ICOrad.io interviews, but also strategy sessions – this last week with a sector leading CEO who [...]
BT pension scheme appoints Now Pensions founder Morten Nilsson as chief exec October 9, 2018 The BT Pension Scheme today appointed the founder of Now Pensions Morten Nilsson as its new chief executive. BT Pension Scheme Management (BTPS) said Nilsson will take up the role immediately and report to the firm's chairman of the board of trustees, Paul Spencer. The telecoms giant's pension is one of the largest defined benefit [...]