Aon Hewitt company McLagen has acquired wealth management consultancy Scorpio Partnership. Founded by Catherine Tillotson and Sebastian Dovey in 1998, Scorpio has extended its research and strategic wealth solutions proposition to 35 countries across the globe. According to the firm it has surveyed more than 30,000 ultra high
Read more →A political drive to extend the EU bonus cap beyond the banking sector was stopped in its tracks as the bloc’s main legislative body narrowly voted against strict curbs on retail fund managers’ pay. In a landmark European parliament vote that will come as a great relief
Read more →Bank-owned asset management groups will be put at a “significant disadvantage” to independent and insurance-owned fund houses under new, divergent remuneration rules in Europe. From 2014, senior asset management staff at banking organisations will see bonuses capped at 100 per cent of fixed salary, or 200 per
Read more →