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3 days ago | 
moneymarketing.co.uk | Dan Cooper |Kimberley Dondo |Salome Asabre
Good morning and welcome to your Morning Briefing for Tuesday 3 June 2025. To get this in your inbox every morning click here. ‘Sleepwalking into retirement’Despite the success of auto-enrolment, people are still sleepwalking into retirement, pension experts have warned. New figures released by the Pensions and Lifetime Savings Association (PLSA) today (3 June) reveal the cost of a ‘minimum’ standard of retirement for a one-person household has actually fallen by £1,000 to £13,400 per year.
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1 week ago | 
moneymarketing.co.uk | Darius McQuaid |Momodou Musa Touray |Salome Asabre
Aberdeen has announced “with deep sadness” the death of its non-executive director Michael O’Brien. O’Brien passed away unexpectedly on Saturday 24 May. He joined the Aberdeen Board in 2022, serving on both the group audit committee and the group risk and capital committee. Aberdeen chairman Sir Douglas Flint said: “Our deepest condolences go out to Mike’s family and friends.
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2 weeks ago | 
moneymarketing.co.uk | Darius McQuaid |Momodou Musa Touray |Tom Browne |Salome Asabre
The quality of the emerging market (EM) universe has improved “dramatically”. This is what Ninety One co-head of EM sovereign & FX Grant Webster said today (21 May) at a roundtable event. Webster added that positive outlook outweighs negative two to one in the EM space. He does admit that 10 to 12 years ago, EMs did look “terrible” but this has changed significantly. Ninety One chief sustainability officer Nazmeera Moola added that the interest in EMs is much higher than it was a year ago.
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2 weeks ago | 
moneymarketing.co.uk | Darius McQuaid |Yasmina Siadatan |Nic Cicutti |Salome Asabre
A new report has outlined what government reforms are required to unlock the private banking and wealth management (PBWM) sector’s “full potential”. The report was released by the Personal Investment Management & Financial Advice Association (PIMFA), UK Finance and KPMG UK today (20 May). The ‘UK Private Banking and Wealth Management: Harnessing the Sector to Deliver Economic Growth’ report outlines four key pillars of reform needed.
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3 weeks ago | 
moneymarketing.co.uk | Darius McQuaid |Faith Liversedge |Momodou Musa Touray |Salome Asabre
Brooks Macdonald has announced the appointment of Karen Charlery as chief operating officer (COO) effective from 23 June. She replaces Gavin Neilson, who has been interim COO since August 2024. Charlery brings over 20 years of experience in the financial services sector and was most recently deputy COO and EMEA head of regulatory change at BlackRock. Brooks Macdonald CEO Andrea Montague said: “I am delighted to welcome Karen to Brooks Macdonald and to my Executive Committee.
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3 weeks ago | 
moneymarketing.co.uk | Dan Cooper |Kimberley Dondo |Momodou Musa Touray |Salome Asabre
Quilter has today (15 May) announced its WealthSelect Managed Portfolio Service (MPS) has exceeded £20bn in assets under management (AUM). Launched in February 2014 with active and blended portfolios, WealthSelect was introduced to help financial advisers outsource day-to-day portfolio management duties such as asset allocation and fund selection.
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3 weeks ago | 
moneymarketing.co.uk | Darius McQuaid |Salome Asabre
AXA Investment Managers (AXA IM) has adopted the Sustainability Improver label for the AXA Carbon Transition Global Short Duration and the AXA Carbon Transition Sterling Buy and Maintain Credit funds. The two carbon transition strategies are the first fixed-income funds to adopt a Financial Conduct Authority (FCA’s) Sustainability Disclosure Requirements (SDR) label, which AXA believes underscores its position as a “fixed income ESG powerhouse”.
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3 weeks ago | 
moneymarketing.co.uk | Darius McQuaid |Salome Asabre
Tribe Impact Capital has announced the acquisition of Snowball Impact Investments. Tribe is an impact wealth manager and offers discretionary and advisory portfolio management. It is also a certified B Corps company. Tribe said this acquisition “enhances its already established wealth management business by adding specialist private market capabilities for professional investors”.
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3 weeks ago | 
moneymarketing.co.uk | Momodou Musa Touray |Salome Asabre
Two brothers, Matthew and Nikolas West, have pleaded guilty to insider dealing offences following a prosecution by the Financial Conduct Authority (FCA). The guilty pleas were entered at Southwark Crown Court on Friday. Matthew West, 44, and Nikolas West, 46, both worked as professional day traders. Between November 2016 and January 2020, Matthew West obtained confidential, market-sensitive information through legitimate broker contacts.
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1 month ago | 
moneymarketing.co.uk | Robin Powell |Darius McQuaid |Momodou Musa Touray |Salome Asabre
When financial historians look back on the late 20th and early 21st centuries, they’ll surely conclude that no firm has done more than Vanguard to improve investment outcomes for ordinary people. By launching the first index fund for individual investors, Vanguard democratised investing, eventually making market returns accessible to a global audience. Its commitment to low and transparent fees sent shockwaves through the industry.
