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Profile: Bellpenny’s Nigel Stockton on acquiring advisers and serving the mass market

Nigel Stockton is annoyed. When he sits down with Money Marketing it is the day after the FCA announced a probe into advice firm consolidators’ acquisition processes. The regulator is concerned about the quality of suitability checks and whether acquired clients are being shunted into centralised investment propositions. And while the new Bellpenny chief executive […]

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EU regulatory chair: 12-month Mifid II delay may not be enough

A 12-month delay to Mifid II regulation, which is expected to be announced by the European Commission in weeks, may not be enough for the industry to prepare, says the chief of the European Securities and Markets Authority. It is widely expected that Mifid II will be delayed by a year, with its new implementation […]

Peter Hamilton
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Peter Hamilton: FCA needs to be brave to avoid another HBOS

The main conclusions of the long-awaited report on the failure of HBOS were depressingly predictable: the HBOS board was ultimately responsible for the bank’s failure but the FSA (as it was then) did not appreciate the full extent of the risks it was running and did not take sufficient steps to intervene before it was […]

Alliance Trust hires former Morgan Grenfell chief as chair

Former Morgan Grenfell Asset Management chief Robert Smith has been appointed chairman of the Alliance Trust board. Subject to regulatory approval, Smith will replace Alliance Trust director Karin Forseke who stepped down as chair of the investment trust’s board in November. Smith will take up the role from 1 February. Gregor Stewart will become deputy chairman of the […]

To be and not to be – Multi asset investing with conviction

At Pictet Asset Management we believe active management of asset allocation is the most important generator of returns. What is not to be in our portfolio is just as important as what is to be because good performance is determined as much by the assets you avoid as by those you hold. The FP Pictet Multi Asset Portfolio managers are not wedded to any particular […]

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