Latest News - James Phillipps
Quilter’s DB transfer inflows down £400m
Quilter reported net inflows of £500 million in the first quarter, which helped push up assets under management and administration by 5.1% to £114.9 billionBy James Phillipps - 17 April 2019, 07:06
LGIM absorbs £14.8bn passive hit to join £1 trillion club
The group became the UK's first £1 trillion fund manager power by a net inflow of £42.6 billion, which offset outflows from its passive funds.
Lloyds announces divi hike and share buybacks as profits rise 24%
Lloyds Banking Group has reported slightly weaker than expected profit growth of 24% to £4.4 billion, but sugared the pill for investors by announcing an increased dividend and a £1.75 billion share buyback programme
John Spiers: ‘We would be stuffed without pension freedoms’
EQ Investors made its first ever profit in October, but chief executive John Spiers admitted wealth management was ‘not an easy business to be in’.
May hits back as Corbyn tables no confidence motion in her
Labour leader Jeremy Corbyn has tabled a motion of no confidence in ‘obdurate’ Theresa May due to her delaying the vote on the Brexit deal.
CMA announces sweeping changes to investment consultant sector
The Competition and Markets Authority (CMA) is to introduce a series of sweeping reforms to the investment consultancy sector after finding many pension consultants are getting a ‘worse deal’ by not tendering out fiduciary management contracts.
Stephen Ford joins WH Ireland as head of wealth
He is best known for his 16 year stint at Brewin Dolphin, where he served as head of its London office and latterly head of wealth and investment management, before leaving in 2016.
WH Ireland's shares sink 10% on further losses
WH Ireland's shares are down 9.68% today after it posted a further loss of £2.5 million as restructuring costs continued to weigh on the business.
Quilter 24 to reunite with Cheviot founder Kerr-Dineen
Cheviot Asset Management founder Michael Kerr-Dineen has made a dramatic return to the industry.
Schroders and Lloyds to form £13bn wealth JV
Lloyds is to move its £13 billion wealth business into a joint venture with Schroders as part of a triple-pronged tie-up.