Swiss bank UBS is planning to merge large parts of the back and middle-office functions at its wealth management business, resulting in workforce reduction, the Financial Times reported, citing people familiar with the plans.
Gregory Nassour helps run almost $100 billion in U.S. bond mutual fund money -- more than star managers such as Dan Fuss of Loomis Sayles, DoubleLine Capital’s Jeffrey Gundlach or Daniel Ivascyn at Pimco....More
Swiss wealth manager EFG International plans to contest what it called "unjustified" premium increases on its holdings of life
insurance policies from Aegon NV's Transamerica unit, it said ahead of its annual general meeting on Friday....More
A coming collapse in investment returns means that people that age today will have to work seven years longer or save almost twice as much to end up with the same nest egg as those of roughly a generation ago....More