Goldman Sachs AM out of the running for £109bn Lloyds contract
JPMAM also out
Goldman Sachs Asset Management (GSAM) has dropped out of the auction for a £109bn Lloyds Banking Group contract, leaving BlackRock and Schroders in a final head-to-head battle to win one of Europe's largest investment mandates.
JPMAM, BlackRock and Schroders were selected to progress to the second round of bids in April while Goldman joined the auction in May. However, JPMAM failed to pass the latest round while Goldman was...
More on Investment
UK borrows £34bn in December as public sector debt set to increase through 2021
Third highest monthly figure since 1993
President Biden signs order for US to rejoin Paris climate agreement
Took office yesterday
Premier Miton introduces changes to its multi-manager funds range amid shake-up
Simon Evan-Cook to leave business later this month
Access fund launches help drive UK December fund flows into positive territory
UK-domiciled equity funds add £24.2bn
Industry Voice: The value of advice
Schroders latest research re-opens the price/value debate. Advisers are reporting potential clients do not recognise the need for advice and are not prepared to pay much for it. Can an FCA paper assist?
More news
UK borrows £34bn in December as public sector debt set to increase through 2021
Third highest monthly figure since 1993
Advisers to be levied £240m again as FSCS announces £1bn overall levy
'Cannot normalise this level of loss'
Daniel Baade: The rise of debt financing in IFA M&A
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Quilter supports 285 young carers in the UK by raising £10,600
Supported over Christmas
Treasury Taskforce to address FSCS levy concerns and work with FCA
Plus online scams
