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Justin Cash, Editor of Money Marketing

Editor’s note: Asset managers had it coming

After months of waiting, the FCA has finally called the asset management industry to order. Last week, it set out a number of new rules to combat what it sees as an uncompetitive sector underdelivering for consumers. The lukewarm orders disguise an inconvenient truth for fund managers: they have had it far too good for […]

ABI chief: Brexit deal is taking too long

The director general of the Association of British Insurers has told MPs that a post-Brexit deal is taking too long to form. Giving evidence to parliament’s committee on exiting the EU yesterday, Huw Evans said that “the thinking about what a future relationship would look like with our European partners is not where it needs to be” […]

VCT funding jumps 34 per cent

Venture Capital Trust funding has jumped by more than a third in the past year, boosted by Chancellor Philip Hammond’s changes to the sector in the 2017 Budget, new figures show. The Association of Investment Companies says the amount raised by the sector went up 34 per cent to £728m in the 2017/18 tax year […]

Revealed: Fidelity International director investigated over harassment claims

A former Fidelity International female employee is claiming compensation against the asset manager following an alleged case of harassment from senior management, Money Marketing can reveal. The employee, who we will name Mrs A, and who used to be based at one of Fidelity’s offices in India, was sent an employment termination letter on 14 March […]

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