United Kingdom
Huge decline in number of new managed portfolio launches
Just five launches have been reported to Morningstar this year
UK wealth manager buys London-based IFA firm
Acquired business offers advice predominantly to female high net worth clients
Wealth manager buys UK financial planning firm
As it bids to reach £1bn AuM over the next few years
FCA to review treatment of politically exposed persons
Regulator will ‘take prompt action if any significant deficiencies are identified in the arrangements of any firm assessed’
Standard Life rolls out annuity
It will target customers focusing on ‘certainty and security’