Fidelity has acquired Legal & General Investment Management’s UK Personal Investing business which manages £5.8bn in assets for 300,000 clients. The company says the deal, for an undisclosed sum, will double the number of D2C customers using Fidelity’s expanding Personal Investing business. Fidelity Personal Investing currently has 280,000 customers with £20.3bn assets under management. The […]
During the week of Jan. 4, two of the all-time great stock market sages—who’ve been expert at calling market frenzies for decades—charged that the bulls had lost their marbles. Carl Icahn and Jeremy Grantham went public claiming that equities are vastly overpriced and due for a steep selloff. The same week, the cockeyed optimists from […]
Divorce was the second biggest cause of a derailment of retirement plans according to the Great British Retirement Survey, but financial advice is often not taken during divorce proceedings. The survey of 12,000 UK adults found that 11% of those who said their retirements had due to a ‘major life event’ cited the break-up of […]
