Savage life sector consolidation will create ‘premier league’
Massive consolidation will lead to a ‘premier league’ of between five and seven major providers as part of an uncertain future for traditional UK life business, a new report has predicted.
New European funds down and more consolidation expected
The European fund universe contracted during Q3 2015, with 646 funds liquidated or merged and only 453 new products launched, according to Lipper, a Thomson Reuters company.
Aberdeen shares drop on larger-than-expected outflows
Shares in Aberdeen Asset Management were as much as 4.6% lower in morning trade as the firm released full year numbers slightly below analysts’ expectations.