Europe
News 25 Apr 18
Is there a new life policy consolidator on the block?
Companies struggling to cover long-term life policy payments could soon have another buyer in the market, following reports that British pensions specialist Clive Cowdery is setting up a fund to do just that.
Columbia Threadneedle expands European multi-asset range
Columbia Threadneedle Investments is expanding its Luxembourg multi-asset offering with the launch of a fund that is designed to deliver equity-like returns of 4% above European inflation.
News 24 Apr 18
PEOPLE MOVES: Tilney, Aviva, Brewin Dolphin
Tilney appoints a former Schroders chief financial officer to its board of directors, Aviva hires a head of global financial institutions and Brewin Dolphin makes several key changes to its Cardiff team.
RL360° grows 5% despite ‘difficult market conditions’
Isle of Man-based life insurer RL360° grew its present value of new business premiums (PVNBP) by 5% in 2017, continuing the company’s record of year-on-year growth.
Forgotten $1.8m cash fortune ‘worthless’
An unlucky heir who discovered a secure vault containing three billion in Italian lira in Switzerland is facing an uphill battle to buy anything with the fortune after the Bank of Italy refused to exchange the stacks of cash for legal currency.
European ETF sales for March slowest in almost three years
Net new assets gathered by exchange traded products saw the lowest monthly net inflows in March since June 2015, according to data from ETFGI.
Moneycorp to engage in Feifa professional development
FX specialist Moneycorp has stepped up its partnership with industry association Feifa.
Generali sells Belgian life business for €540m
Italian insurer Generali has agreed to sell its entire stake in Generali Belgium to Athora Holding, the firm that recently acquired and carved up Aegon Ireland.
Woodford fails to disclose increased Russian holding
Woodford Investment Management has admitted it failed to disclose increases to its Raven Russia holding made over the last year, as it continues to add to the investment company in the wake of US sanctions against Russia.
Jupiter Dynamic Bond woes down to ‘flighty’ European investors
Lopsided net flows into Jupiter Asset Management’s Dynamic Bond and Strategic Bond mirror strategies has been attributed to UK investors’ brand loyalty through bouts of underperformance.