Electronic trading platform EMX has announced a revised timetable for product providers and IFAs who missed the boat to join up first time round. The new dates are July 31, August 31, September 29 and October 31. Once participants have signed up they go through a trial period to test the functionality of the system. More than 63 product providers and IFAs successfully completed trials during May and will be going live when the system starts operating on June 12. All buying and selling transactions will be free to advisers from then on with a £500 joining fee.
The message that the state will not provide a decent level of financialsecurity in retirement is starting to hit home.A survey of 1,000 people has revealed that the younger generation inparticular are concerned about the need for good financial planning for thefuture.But when it comes to knowing how long they could live – medical advancesmean […]
The Britannic Challenge balloon has successfully landed after arecord-breaking journey, making David Hempleman-Adams the first man to flysolo from Spitsbergen to the North Pole and back.In the early hours of Saturday morning, the balloon began its descent overSpitsbergen. It was a difficult landing, with the balloon draggingHempleman-Adams along the ground and the basket filling with […]
The internet is all about empowering the consumer and most of the newservices on the web target the consumer directly. Many IFAs still see it asa threat to their business, fearing the accessibility of the medium willerode their position as the first point of reference for investors.In 1998 an estimated 1.1 per cent of UK […]
London IFA Roundhouse Financial Services is merging with FaulknerAssociates as part of RFS's plans to buy out brokerages.RFS says it is targeting firms feeling squeezed out of the market by theburden of increasing compliance and regulation.It is in negotiations with a number of smaller IFAs and is expected tomake further announcements in the coming months.The […]
Jelf Employee Benefits focuses on Ebola Virus Disease (EVD) and what this means for businesses with operations in West Africa. This will be of particular interest to those with employees either travelling to, or living within, West Africa, the area affected by the most catastrophic outbreak of Ebola to date.
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]