Fidelity International has appointed veteran multi-asset manager Bill McQuaker as portfolio manager in its £30bn multi-asset team. McQuaker was co-head of multi-asset at Henderson Global Investors, including managing the Henderson Diversified Growth fund. He joined the asset manager in 2005 as head of the multi-manager team. At Fidelity he will help in developing the multi-asset portfolios […]
There are many strands feeding into the FCA’s review of advice suitability, and not all of them are to do with advice. The National Audit Office has been scathing of the regulator’s inability to show how it is tackling misselling and, more broadly, how it is delivering value for money for the firms that pay its […]
The European Parliament has formalised the delay of Mifid II this week, after hearing the infrastructure required for the legislation would not be in place by the current deadline. The move pushes the implementation date back from January 2017 to January 2018. In February the European Commission confirmed it planned to delay the deadline by […]
Standard Life owned advice business 1825 has completed a deal to acquire Baigrie Davies, establishing its first London office. Baigrie Davies managing director Ian Howe will continue to run the business and will be responsible for 1825’s London office. He will also join the 1825 executive committee. Founder Arthur Davies will also remain with the […]
At the end of July, the Pensions Regulator issued its quarterly update on auto-enrolment (AE) compliance by employers in the UK. The full report can be seen under the quarterly bulletins section here.
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