News in Numbers

Monument has released data that highlights people’s financial concerns.
More than one-fifth (21%) of the mass affluent are unsure about their inheritance plans.

As part of the bank’s ESG strategy, Societe Generale has established a new sustainable finance target of €500bn ($521bn) by 2030.

More than 300 wealth managers and 3,000 investors worldwide participated in a study by Avaloq, which found that 87% of UK wealth managers think AI will play a major part in their future work and that the technology will improve the wealth management sector overall.

South Africa-based Sanlam has signed a binding framework agreement with Ninety One, aiming to form a long-term relationship. The agreement will make Ninety One the primary active investment manager for Sanlam’s local and global products.

Legal & General plans to cut jobs within its newly asset management division, following restricting, aiming to enhance returns and reduce costs, reported Financial Times (FT). The move could see up to 20 investment roles and several support positions made redundant.