The FCA has fined Threadneedle Asset Management over £6m for failing to put in place adequate controls in its fixed income business. The regulator says the failings allowed a fund manager to initiate, execute and book a $150m trade which, had it settled, could have caused a $110m loss to the relevant client funds. Threadneedle […]
Standard Life Investment’s decision to stop all trail commission payments on mutual funds is “scandalous” and “obscene”, say advisers. This morning Money Marketing revealed Standard Life Investments will cease payments to align new and legacy business “reflecting the spirit of the Retail Distribution Review”. But advisers say the move – which will see charges fall, […]
An influential committee of MPs has today launched an inquiry into automatic enrolment, focusing on how the reforms affect smaller employers. The Work and Pensions committee has requested written evidence on the implementation of auto-enrolment and the impact it will have on small and micro employers. The committee will focus its inquiry on the suitability […]
Paradigm founding partner Anthony Morrow has teamed up with Moneysupermarket.com co-founder Duncan Cameron to launch a robo-advice service. The Telegraph reports the pair plan to launch the eVestor service next year and will charge customers 0.44 per cent. Of this, 0.35 per cent will go to portfolio management and 0.09 per cent as a fund […]
With a 10 per cent return from his Global Income Fund in the first three months of 2015, Jacob de Tusch-Lec talks to journalist Alexis Xydias about the drivers and why he favours Europe and Asia over the US. Jacob believes European companies remain cheap and is still finding opportunities amid value stocks – in contrast […]
There are plenty of office parties and Christmas events going on at this time of year. But have no fear – you can still stay healthy while going out and enjoying yourself, with a little bit of planning!
Along with all the other firms that provide advice on defined benefit transfers, we received our questionnaire from the FCA about the quantity and nature of cases we have handled since 2015. By the time you read this, the deadline for its return will have passed and those under scrutiny will have breathed a collective […]