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French manager calls out ‘cheeky’ rivals over Mifid II research rules

French asset manager Carmignac has called for more clarification on the new research costs rules under Mifid II as it claims rival firms have wrongly stated what the directive means for their business. Speaking to Money Marketing after an event in Paris, Carmignac managing director Didier Saint-Georges referred to asset managers as “cheeky” in their […]

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Lee Robertson: The futility of punditry

It is that time of year again when the pundits clamour to deliver their predictions and the anti-pundits line up to proclaim their disdain for such utterances. So I will seize the opportunity to add to the largely pointless noise with some forecasts for our sector. My first prediction is that markets will continue to move […]

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Old Mutual: FCA should review dropped equity release qualification

Old Mutual has called on the FCA to reverse its decision not to create a standalone equity release qualification for financial advisers. The call follows figures published today from the Equity Release Council which show a record quarter for equity release activity in Q4 2017. The total amount of housing wealth unlocked by over-55 homeowners […]

Barclays scrutinised over pensions arrangements

MPs have scrutinised Barclays over plans to attach its final salary pension scheme to the investment banking arm. Work and pensions committee chairman  Frank Field has written to The Pensions Regulator chief executive Lesley Titcomb about 280,000 savers that would be affected by the move. The bank offered employees a final salary scheme until 2012 […]

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Govt shelves Brexit financial services paper

The chair of the influential Treasury committee has criticised the Government’s failure to publish a paper on the future of financial services after Brexit as sending “all the wrong signals”. The Government had previously promised to publish “sector impact assessments”, which have been repeatedly delayed. Indeed, in November last year, Brexit minister David Davis admitted […]