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PFS: Advisers struggling to get PI cover for pension transfers

The Personal Finance Society has warned many of its members are struggling to find professional indemnity insurance cover for pension transfer advice. PFS chief executive Keith Richards tells the Financial Times the pension freedoms are in danger of being “de-railed” if advisers continue to face problems getting adequate PI cover. Richards says many of the PFS’s 37,000 […]

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Fidelity president jumps ship to US company

Fidelity International president Brian Conroy will soon leave the business for the US company the asset manager was spun out from. Conroy’s role at Fidelity Investments, which is controlled by the same family that owns a large stake in Fidelity International, has not yet been disclosed, but he will be leaving his current role at […]

London-based DFM investigated by US authorities

London-based fund firm Beaufort Securities has been charged with money laundering and securities fraud by the US Department of Justice, the FCA has revealed. In a statement this afternoon, the FCA said that it had been cooperating with the US agency over its investigations into six separate individuals. The indictment from the DOJ alleges that […]

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HSBC boosts funds in asset management arm

HSBC Global Asset Management has grown its funds under management by 13.4 per cent year on year as the largest European bank doubles its pre-tax profit for the period. In its full year results published today, the lender reported total group funds under management of $943bn (£675.6bn) at 31 Dec 2017,  up from $831bn in […]

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What’s behind Japan’s corporate earnings surge?

Japanese corporates reported record earnings growth in the second quarter of 2017, with nearly 70 per cent of companies beating expectations, leading to the biggest round of upgrades witnessed in over a decade. Watch Chris Taylor, Head of Japanese Equities, discuss the key drivers behind the surprise surge in corporate earnings. In the video, Chris discusses: Why […]

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