Fortis chief executive Jean-Paul Votron has been ousted from the Belgian bank. A statement said the board of directors of Fortis, along with Votron, have decided to terminate his contract “by mutual agreement” and in the interest of the group.
The Alternative Investment Management Association has called for greater clarity from the Treasury on its proposed overhaul of the offshore fund regime. It says proposed changes do not adequately simplify the current regime and could further burden the investment management industry.
The advice market has faced a significant number of challenges in the past year which continue to complicate the prospects for the profession. The combination of regulatory challenges posed by the introduction of Mifid II, Priips and GDPR with the uncertainty surrounding Brexit has led to many advisers feeling less sure about their future, while […]
Gullible punters asked to pay £350 because Nutmeg can’t attract enough to online investment service A few months ago, I was asked to write a piece for a consumer finance magazine which looked at how to invest £100,000 if you wanted to go it alone. As well as detailing the role of independent financial advice, […]
Platforms have been critcisied for going ahead with technology upgrades knowing that they would not be ready to roll them out. Speaking at an event by consultancy the Lang Cat yesterday, principal Mark Polson said that the firm had encountered a number of projects in recent years where, despite knowing there could still be flaws […]