Quilter Appoints PIMCO for New Global Government Bond Fund
Quilter announced the launch of the Quilter Global Government Bond fund, appointing PIMCO as its manager. The fund is being added to Quilter’s WealthSelect Managed Portfolio Service as part of an ad‑hoc rebalance that shifts assets from passive government‑bond holdings to active exposure. PIMCO will run the mandate under Andrew Balls and a senior team of portfolio managers and analysts. The move follows a recent equity rally, aiming to capture profit and increase fixed‑income diversification.
What Most High-Earning Expats Don’t Know About Accessing Capital
High‑earning expatriates often sell investments to fund property purchases, but this can trigger capital‑gains taxes, stamp‑duty costs and lost compounding. A Lombard loan lets them borrow against their portfolio, preserving assets while providing liquidity. Typical structures offer up to 50%...
Advies Adds £200m AUM with London IFA Acquisition
Advies, a London‑based advice firm within the Saltus Partnership Programme, has acquired boutique St Andrews Financial, adding roughly £200 million (about $254 million) in assets under management and a client roster of 300 professionals and families. The deal brings founder James Hickson on...
Isle of Man Regulator Consults on ‘Legitimate Interest’ Route for Public Access to Beneficial Ownership Info
The Isle of Man Financial Services Authority has launched a consultation to create a “legitimate interest” route for public access to beneficial‑ownership information. The proposal would allow case‑by‑case applications, assessed by the Central Registry, to obtain data when a genuine...
Simplybiz Launches Adviser Academy to Attract New Talent
Simplybiz has launched an Adviser Academy to create a comprehensive talent pipeline for UK financial advice firms. The program guides financial planners, mortgage advisers, paraplanners and administrators from recruitment through ongoing professional development. It partners with apprenticeship providers LIBF and...
Wealthspire Acquires $1.2bn Indiana-Based Advice Firm
New York‑based Wealthspire announced the acquisition of Indianapolis boutique Fi3 Advisors, which manages about $1.2 billion in assets (≈£890 million). The deal adds roughly $1.2 billion to Wealthspire’s existing footprint, bringing its total AUM in the Indiana market to about $3 billion. Fi3 will...
People Moves: Aberdeen, Muzinich & Co, Standard Life
Aberdeen Investments promoted Kate McGrath to head ESG for its Fixed Income unit, underscoring the firm’s commitment to sustainable investing. Universal Investment Group hired Nils Mordt to run international sales and broaden its client‑relationship strategy, while expanding leadership in its...
VIDEO: II’s The Breakfast Briefing – Rob Allen, CEO, IFGL
International Financial Group Limited (IFGL) marked a year under CEO Rob Allen with a relaxed Breakfast Briefing filmed beside its Douglas office. Allen discussed his leadership routine, emphasizing fitness and work‑life balance as drivers of performance. The interview highlighted IFGL’s...
FCA Publishes Framework for Tokenised Portfolio Management
Britain’s Financial Conduct Authority has issued a practical framework allowing firms to use distributed‑ledger technology for tokenised portfolio management under existing rules. The guidance introduces an optional Direct‑to‑Fund (D2F) model that enables investors to transact directly with both traditional and...
ASIC Cancels License of ABL Funds Management
The Australian Securities & Investments Commission (ASIC) has cancelled ABL Funds Management’s Australian financial services (AFS) licence after the firm repeatedly failed to lodge statutory audit and financial reporting for the fiscal years ending 30 June 2023, 2024 and 2025. ABL, which...
Pension Schemes Bill Passes Through Parliament After Mandation ‘Ping Pong’
The UK Parliament gave royal assent to the Pension Schemes Bill on 29 April after an extended Commons‑Lords “ping‑pong” over the government’s proposed mandation powers. Peers succeeded in stripping out the original clause that would have forced schemes to meet specific...
Alltrust to Acquire Family Suntrust Schemes From Phoenix Wealth
Alltrust Services will acquire Phoenix Wealth’s Family Suntrust schemes later in 2026, reopening the proposition to new business for the first time in several years. The transaction makes Alltrust the only UK SIPP provider that can accept fresh business into...
Jersey Regulator Introduces ‘Focus Examinations’ to Save Time
The Jersey Financial Services Commission (JFSC) will roll out ‘focus examinations’ in early June, a streamlined audit method that requires only minimal documentation and a half‑day on‑site visit. The pilot will target firms’ compliance with financial sanctions, with firms notified...
Gov’t to Allow Under 57s Already Accessing Pensions to Continue After NMPA Rises
The UK government announced that anyone who turned 55 between now and April 2028 and has already started drawing from their pension will be allowed to continue receiving payments after the minimum pension age rises to 57. The change follows HMRC’s...
Titan AM Overturns Tavistock’s Counterclaim in Ongoing Legal Battle
Titan Asset Management secured a Court of Appeal ruling that dismissed Tavistock's counterclaim seeking roughly $37.5 million in damages. The dispute stems from the early termination of a ten‑year strategic partnership that Tavistock ended after three years, citing unacceptable performance. Titan...