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Geffen rues failure to create real harmony in Europe

Neptune founder Robin Geffen says he is disappointed that the regulators have failed to create a single European market for investment funds.

At the 2008 Morningstar conference, Geffen said that despite the introduction of Ucits, there is still no harmonisation, meaning that companies are launching Dublin or Luxemburg-domiciled funds alongside their UK versions.

He said: “It has been a fundamental failure of the regulators as this leads to an unnecessary doubling of the range.”

Invesco Europe chief executive Jean Baptiste de Franssu said it is important to recognise the steps that have already been taken and that harmonisation has never been closer.

He said: “There are still some hurdles on the details and the regulatory side to make the process smoother but we need to acknowledge how much progress has been made in the past couple of years. Ucits IV is in the pipeline and will answer some of those details that need to be smoothed out.”


Who really needs an annuity?

A few weeks ago, you ran an article in which certain industry commentators suggested that most of the IFA market is unjustly biased against lifetime annuities and is failing to wave the flag for them as enthusiastically as it ought to. The lifetime annuity, they claimed, is really a great product, the virtues of which IFAs ought to be doing far more to promote to their clients.

Ussher will be Aifa keynote speaker

Treasury Economic Secretary Kitty Ussher will be the keynote speaker at the Aifa AGM and annual dinner on Wednesday, November 19.

Bonds going bust? Not so fast….

In recent months bond bears have been reinvigorated, and market commentary suggesting “the end of the bond (bull) market is near” has become commonplace. We think these comments are premature. Explaining the global government bond sell-off October has seen renewed pressure on global government bonds, initially provoked by a Bloomberg article suggesting that the ECB […]


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