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Companies | 30 Apr 18

Harwood WM makes second acquisition in a week

UK financial planning firm Harwood Wealth Management has made its third IFA acquisition of 2018 by acquiring Fund Management Limited for £1.13m ($1.5m, €1.2m).

‘Free-riding’ passive investors under central bank scrutiny

Companies | 30 Apr 18

UK law change to force transparency on overseas jurisdictions

Cross-party support is mounting in the UK for an anti-money laundering bill which could force the beneficial owners of companies based in the British overseas territories and Crown dependencies to be identified on a public register.

Fund managers have lost the ‘magic touch’

Investment | 30 Apr 18

Fund managers have lost the ‘magic touch’

The relationship between fund buyers and fund managers has changed over the past decade as risk management has become a more prominent focus, according to pan-European asset management group Candriam.

StanChart Singapore hit with $5m fine for Guernsey transfers

Tax & Technical | 30 Apr 18

UK to close Scottish money-laundering loophole

The UK looks set to crack down on a Scottish loophole said to be used to launder billions.

Markets hit Quilter assets in Q1 despite inflows

Companies | 30 Apr 18

Markets hit Quilter assets in Q1 despite inflows

Quilter, formerly Old Mutual Wealth, said its assets under management and administration had fallen in the first quarter of 2018 despite net inflows increasing 14% compared to the same period last year.

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