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Bonus ban could see staff exodus

Cavendish Asset Management senior fund manager Paul Mumford is warning that a salary restriction on bonuses at Lloyds TSB and RBS could lead to an exodus of staff.

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HSBC axing 1,700

HSBC is to cut 1,800 jobs in the UK, with the biggest cuts in its credit card and collection operation.

Restricting the market

Openwork believes the FSA’s “restricted advice” label could put people off seeking financial advice. After consultation with members, Openwork’s RDR response says the restricted label has negative connotations and may distort the advice market which could put the FSA’s objectives on access fundamentally at risk. It says: “The key to consumers being clear about the […]

Mark Page: “A good time to be a European fund manager”

With European markets picking up in early 2015, Mark Page, Artemis European Opportunities Fund manager, discusses the ‘macro’ drivers and whether the improvements are sustainable. Largely driven by economic stimulus by the European Central Bank, European stockmarkets have performed strongly so far in 2015. Mark discusses the relative merits and sustainability of ECB policy with […]

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