Last week, the FCA took the next step in improving competition in the asset management industry. We have made new rules and are now consulting on further proposals. Our asset management market study has been one of the most comprehensive competition investigations the FCA has yet done. These reforms contribute to an already high volume […]
The pensions dashboard could face requests from 15 million consumers when it goes live and must be built accordingly, according to technology provider Origo. The firm has come to this figure through its own research and discussions it has had with providers and banks who operate consumer-facing platforms. The infrastructure underpinning the pensions dashboard must […]
The actions of regulators can have a profound impact on advisers, providers and clients, but all too often we engage too late in the day to shape the final decisions. With so much regulatory activity to keep on top of, the understandable priority is implementing the latest things that must be done now, rather than […]
Charles Stanley has said it plans to continue hiring in financial planners after a dip in equity markets hit its bottom line for the first quarter of the year. While discretionary funds were up 8 per cent for the year to 31 March 2018, and execution only platform Charles Stanley Direct attracted increased inflows of […]
What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.
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