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As firm says it has ‘access to capital to continue with its acquisition strategy’

Utmost sees 22% growth in AUM to £36.7bn By Michael Klimes 28 th May 2021 8:01 am Specialist life assurance provider Utmost Group saw assets under administration (AUA) grow to £36.7bn over 2020. This was driven by the completion of the Equitable Life business transfer early last year that added £6bn to AUA according to annual results published today. The results up to 31 December 2020 demonstrate how the company has weathered the pandemic. Value of new business was £30m last year, an increase of 7% compared to 2019 of £28m. Utmost Group’s principal businesse...

Finding the best fund managers and sectors is a tough ask. Few have the resources and time to look into the matter properly. Fortunately more than 60 leading fund managers have been nominated in FE fundinfo’s Alpha Manager Awards this year. This recognises their achievements in outperforming the volatile markets of 2020. The list is worth a read. Quote Of The Day It is unprecedented that courts can now dictate the corporate strategy of a major emitter of greenhouse gasses, with the court labelling Shell as ‘partly responsible’ for climate change. These are incredibly strong words  – ...

Biden Continues To Support Israel's Warcrimes Diplomacy is back! Well, it wasn't back for long. Al Jazeerah A third United Nations Security Council emergency meeting in a week – amid the deadly Israeli offensive in Gaza – has again ended with no concrete outcome after the United States blocked a joint statement calling for an immediate ceasefire between Israel and Hamas. But: Washington Post The bulk of the proposed sale to Israel, according to three people based on Capitol Hill familiar with the notification, is of Joint Direct Attack Munitions, or JDAMS — kits that transform so-calle...

File photo of the Waterloo campus of Wilfrid Laurier University. Blair Adams/KitchenerToday Waterloo-based Equitable Life of Canada has announced the creation of an endowment at Wilfrid Laurier University, to honour the retirement of Equitable Life CEO and President, Ron Beettam. The endowment will support students in the Lazaridis School of Business and Economics. "At Equitable Life of Canada, we believe in giving back to the communities where we live and work," Doug Alexander, Chair of the Board of Directors for Equitable Life of Canada, explained in a news release. "This gift recognizes ou...