Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, discusses how the firm takes into account human behaviour when constructing their portfolio, specifically by embedding the idea of volatility targeting in all of their strategies.
In the second part of our regulatory recap for 2018, two more experts talk to Money Marketing about their highlights from the last 12 months. Were advisers up to the ongoing suitability test? Julie Hepworth, group regulatory director at Perspective Financial Group 2018 has been a year of embedding and refining the requirements of Mifid […]
Consolidator Fairstone has acquired Darlington-based Belasis IFA. The addition brings 1,250 clients, £500,000 in gross fee income and £50m funds under management to the national firm. Five advisers and two support staff join Fairstone as part of the acquisition. Fairstone chief executive Lee Hartley says: “Having worked with Belasis IFA through our proprietary downstream buyout programme […]
The FCA has fined Santander UK £32.8m for failings in its “flawed” probate and bereavement processes. Over three years between 2013 and 2016 more than 40,400 customers were affected by the failings, where a total of more than £183m of funds were not transferred to beneficiaries when they should have been, the FCA says. According to […]