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Europe: Nursery slopes

After a flat year for European equities, in which the Artemis European Growth Fund outperformed, manager Philip Wolstencroft is (cautiously) optimistic about 2016.

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FSCS ends four-year legal battle against Keydata advisers

The Financial Services Compensation Scheme has ended its long-running battle with advisers who sold Keydata products. A consultation paper published by the FCA and PRA on the management expenses levy limit reveals the compensation scheme is dropping legal action over four years since it began. It says: “Costs in this area [financing and major recoveries […]

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Osborne hands FCA duty to cap ‘excessive’ exit fees

Chancellor George Osborne has told the FCA to cap “excessive” pension exit fees. Speaking in the House of Commons, Osborne said while the pension freedoms had been welcomed by savers, the Government remains concerned that roughly 700,000 people face early exit penalties if they move their savings. Osborne said: “The Government isn’t prepared to stand […]

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