Embark acquires Zurich's platform business

The rapidly expanding Embark Group has acquired Zurich’s platform arm for an undisclosed sum, pushing its assets under advice to £33bn.

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FCA fines Henderson £1.87m for client failings

The FCA has fined Henderson Investment Funds Limited £1.868m for failing to tell thousands of investors for five years that two active funds had been converted to ‘closet trackers.’

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Competition Authority launches financial services probe

The Competition and Markets Authority (CMA) has launched a wide-ranging investigation into “suspected anti-competitive arrangements in the financial services sector”.

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UBS wealth managers predict 'decade of transformation'

UBS’s wealth management arm has predicted a ‘decade of transformation’ beginning in 2020.

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Financial Planner passes 19 exams to reach Fellowship status

Kelvin Riches, a Chartered Financial Planner at Sussex-based MHA Carpenter Box Wealth Management (CBWM), has reached PFS Fellowship status by passing 19 exams.

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Aviva to invest £1.3bn in 'simplified' 5 division business

New Aviva chief executive Maurice Tulloch has announced a major restructuring which will see the group streamlined into five divisions and both substantial investment and cost cutting between now and 2022.

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Schroders reveals global retirement savings fears

A quarter (24%) of people globally are concerned they are not saving enough ahead of retiring, with baby-boomers most fearful they are lacking savings, Schroders’ Global Investor Study 2019 has found.

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CII acts to improve female financial futures

Insurers, professional bodies, guidance services and financial advisers revealed what they will do to support Insuring Women’s Futures, a CII-led initiative. 

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Firm urges providers to meet ethical investment demand

Independent financial and corporate adviser Chase de Vere has called on product providers to do more to meet a “growing demand” to provide easy access to ethical and socially-responsible investment funds in their workplace pensions.

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1 in 3 over-50s fear poverty in retirement, survey reveals

A third of over 50s say they do not think they have enough money to provide them with sufficient income for their retirement.

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