Standard Life buys Elevate, more UK disposals likely says Axa
Axa has agreed to sell its wrap platform business to Standard Life and has confirmed it is in talks to dispose of its remaining UK life and savings assets.
China relaxes international bond issuance rules
China’s central bank has relaxed the rules for mainland corporations looking to issue bonds offshore, according to the People’s Bank of China.
UBS wealth management sees strong inflows amid profits slump
Swiss bank UBS reported the strongest inflows to its wealth management division since 2008, although pre-tax profits were lower than analyst expectations and below last year.
Zero establishment fee on STM Group Qrops
STM Group has introduced a zero establishment fee for all new Qualifying Recognised Overseas Pension Scheme (Qrops) applications received before 31 October 2016, with immediate effect.
United Kingdom | 3 May 16
Half of UK advisers turn away 5 clients every month
Almost half of British financial advisers have turned away up to five potential customers in a month, while one in 10 has rejected six or more people, according to a new study by Prudential.