Banking fears continued to drag on the FTSE 100 this week following reports that retail banks were pushing the Government to rush through additional funding for the sector.
With the failure/nationalisation of several huge financial services players, all manner of stresses and strains have been placed on products sold by IFAs. To date, this par- ticular blame game has centred on bankers of all three types, investment, high street and central.
Aegon says a small number of clients that invested in GuestInvest hotel rooms through its Sipp could be affected by the company filing for administration.
Economic secretary to the Treasury Kitty Ussher is moving to the DWP to become a parliamentary undersecretary.
Trevor Greetham, Head of Multi Asset In a marked contrast to the surge in risk sentiment that followed President Trump’s election in November, markets greeted Emmanuel Macron’s victory in the French presidential election with satisfaction and relief, rather than euphoria. After rallying strongly on opinion polls that accurately predicted the outcome, the euro held onto […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]