The FSA is extending its approved persons’ regime to include director and non-executive director functions at parent and holding companies where their decisions are regularly taken into account by the governing body of a regulated firm.
It was a Sunday just after 9am, in my kitchen watching the Andrew Marr Show, when I had one of those spitting my cornflakes moments. It was at the beginning of the interview when Marr casually asked George Osborne what the Conservatives will do about financial regulation in the country starting with the FSA. Osborne’s reply was bold and to the point: “We are going to abolish the Financial Services Authority”.
By Kacper Brzezniak Every year, starting around November, investment banks (and fund managers) begin to drip out their outlooks for currencies, rates, economies, you name it, for the following year. The consensus has been largely wrong for the past four or five years; those multiple rate hikes never came, the bond market is still alive […]
Transact’s funds under direction rose 5.7 per cent in the latest quarter after market movements provided the platform with a boost. The platform passed the £36bn mark during the three months ended 30 June after reporting net flows of £796m – still positive despite being down on the £959m for the same quarter a year […]
Investors are voting with their feet “in droves” to ditch underperfoming absolute return funds. The past 11 months saw consistent outflows, as investors pulled £5.4bn from the funds. Most of the absolute return funds with the largest outflows over the past year have failed to beat inflation over the past five years. Analysis by AJ […]