Skandia International, the offshore business of Old Mutual Wealth Management, is responding to the UK's Retail Distribution Review by investing £21m to roll out Wealth Interactive.
In full year earnings for 2011 released on Thursday, Schroders said total net inflows were 3.2 billion pounds ($5 billion) with a 6.8 billion pounds net gain in institutional money outpacing a net outflow of 3.8 billion pounds of retail client money.
The number of financial advisers intending to operate solely as an independent financial adviser has reduced significantly over the past year, with more advisers starting to swing towards restricted advice models, according to new research from Skandia*.
Is the party of capital about to embrace taxes on wealth? Nick Boles, one of the sparkier of the new intake of Conservative MPs, has championed a land tax.