News
Praemium funds hit A$7.8bn despite tough market
Amid sharp declines in equity markets, Australian investment platform Praemium reported its third highest gross inflows on record and saw funds under administration rise 5.2% to A$7.8bn (£4.25bn, $6bn, €4.9bn) during the first quarter of 2018.
Novia Global launches trustee investment governance service
Novia Global has partnered with a UK advice firm to launch a trustee investment governance service aimed at trust companies seeking professional advice on their investment policy statement and when reviewing arrangements with discretionary managers.
UK compensation scheme declares 11 firms in default
The Financial Services Compensation Scheme (FSCS) declared 11 firms in default during March 2018, meaning that consumers could get back money they have lost.
SJP shares set to gain on Asian growth
Growth in Asia and benefits from its purchase of a UK asset management firm could see shares in St James’s Place power ahead this year, according to analysts at UK stockbroker The Share Centre.
Best Practice | news 16 Apr 18
Beware the double-edged sword of technology
With advisers and life companies rushing to embrace technology to boost their clients’ user experience, a survey from PwC has found that the majority of consumers want more human interaction in future, not less.