M&G has re appointed Mellon European Fund Services, the fund administration arm of Mellon Financial Corporation in Europe, and extended the range of fund accounting services it buys from the American bank. M&G, the UK and European investment arm of
DALBAR today issued a statement suggesting that US regulators are focused on the issues that grab headlines while continuing to ignore the true threats to investors. The statement read as follows If you are like the average investor, your investments
BISYS has renewed its strategic alliance with NDBA Services (NDBAS), a subsidiary of the North Dakota Bankers Association (NDBA). This alliance provides member banks of the NDBA with IRA, qualified retirement plan, Coverdell Education Savings Account, and Health Savings Accounts
Barclays Financial Planning and Skandia Investment Management (SIML), the asset management arm of the Skandia Group, have inked a distribution deal by which Barclays' "wealth advisers" will sell SIML's range of Actively Managed Funds. The 200 strong team of Barclays
Citigroup says the Securities and Exchange Commission (SEC) is considering enforcement action related to the entry of the bank into the transfer agency business in the late 1990s. The SEC investigation was first disclosed by Citigroup in November 2003. Citigroup
Mellon Global Securities Services (GSS) group will administer the middle and back office for a majority of Old Mutual Investment Partners' managed accounts business in the United States. "We were impressed with Mellon's experience, scalable infrastructure and commitment to the
Financial services groups iimia and Exeter have agreed to merge to create a financial services business, iimia Investment Group, with nearly 500 million in funds under management and 3 billion in funds under administration. iimia Investment Group will list on
Liberty Insurance Services (LIS) said it has signed an agreement with Merrill Lynch Life Insurance Company to administer an in force block of variable and traditional life insurance policies. LIS will provide day to day management and complete back office
The Life Insurance Association (LIA) and Society of Financial Advisers (SoFA) in the UK are planning to merge the two organisations, to create the UK's largest representative body for financial advisers. The two boards have signed heads of agreement to
Jupiter Asset Management has listed its Jupiter Offshore Portfolio Fund (JOPFL) on the Channel Islands Stock Exchange. JOPFL is a fund of funds that invests in unit trusts, OEICs, investment trusts and hedge funds. Juiter says it expects the listing