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Link to Share Group 1 winner Aegon pleased his connections with his trial win over 1175m on the polytrack at Warwick Farm on Thursday ahead of his tilt at the Gr.1 Doncaster (1600m) at Randwick next Saturday. The Murray Baker and Andrew Forsman-trained gelding had a brief freshen after he finished sixth in the Gr.1 Randwick Guineas (1600m), his first taste of defeat on raceday. “He would have needed it because we have been pretty soft on him and he did have a freshen-up so he needed that day out, and I am sure he would have had a decent blow,” Forsman told SEN Track. ....
Scottish investment manager Aegon Asset Management has appointed Franky Tam as general manager and legal representative for its wholly-owned China unit. Tam, who was previously China sales director, reports to Mabel Cho, the regional head of Asia, in his new role, Aegon says in a statement on March 16. His appointment was effective March 1. Aegon set up the China unit last July. Officially known as foreign-owned enterprise or WFOE, these subsidiaries are allowed to operate investment advisory business, and Qualified Domestic Limited Partnership (QDLP), where they can raise funds from investors in China for investing in traditional and alternative assets overseas. ....
Suspended property funds collect £40m in management fees over 2020 £2.8m of capital locked away over three funds Investors stuck in the M&G Property Portfolio have forked out the most in fees Investors trapped in suspended open-ended property funds have paid out more than £40m in management fees over the course of 2020, with some still paying fees in 2021 as £2.8bn of investor capital remains locked away across three funds. According to Investment Week calculations utilising fee and fund size data from Morningstar Direct and share class classifications from FE fundinfo, investors have shelled out approximately £40m in management. Sign In ....
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download Find whitepapers ....
Aegon appoints Will Fuller as President and CEO of Transamerica Regulatory News: Aegon announced today that Will Fuller (50, American), formerly Executive Vice President of Lincoln Group, will succeed Mark Mullin as President and CEO of Transamerica, and as a member of the Management Board of Aegon N.V., effective March 31, 2021. Mark Mullin, who served as President and CEO for 11 years, will become the new Chairman of the Transamerica Corporation Board of Directors, succeeding Don Shepard, who has retired. Lard Friese, CEO of Aegon Group, said: I am excited to welcome Will to our company. He is a proven financial services leader with a distinguished track record. His deep understanding of our industry and personal drive make him the right person to lead our US business into the next stage of our transformation. ....