The French finance minister Christine Lagarde confirmed the agreement today and reiterated members’ commitment to doing whatever is necessary to restore financial stability.
Conservative Treasury select committee member Philip Dunne says the FSA should look at how structured products were advertised to ensure guarantees were clearly explained.
The Financial Services Compensation Scheme says it is unclear if Icesave depositors will have to apply both to the Icelandic and UK compensation schemes if the bank becomes insolvent.
J O Hambro Capital Management has announced the appointment of Gavin Rochussen as chief executive officer.
Canada Life is introducing a one time underwriting process for group income protection in a bid to save time for advisers and their clients.
Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review In February, the House of Commons passed a draft law to trigger article 50 of the Lisbon treaty for the UK to exit the EU. In corporate news, Warren Buffett backed Kraft Heinz in its takeover […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]