The Complaints Commissioner has slated the FCA over its handling of a whistleblower’s report citing admin errors, poor communication between departments and “insufficient rigour”. The FCA must pay the complainant £300 compensation as well as carrying out a proper assessment of the information and evidence the whistleblower has, if they agree to it. The complainant wrote […]
Alliance Trust Savings has completed an upgrade of its advised platform meaning new adviser business will be powered by GBST. The move to the tech firm’s Composer platform is being managed in phases, with existing advised clients yet to be migrated from the old propriety system. As a result advisers will be able to access […]
Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, says the financial market has experienced the ‘Marching Band Effect’ over the past few years, with the various elements moving to left and right together and feeling the risks as one, making the effect more dynamic.
The Serious Fraud Office would be better value for money if its dependence on “blockbuster funding” was reduced, according to a government report that found the SFO’s current funding model is leading to staffing gaps. HM Crown Prosecution Service Inspectorate has published a report into the SFO’s governance arrangements that detailed nine recommendations for improvement. […]
Nicolas Just, Head of Smart Beta at Seeyond, says the most important point to recognise about the Seeyond approach to investing is that it sees volatility as an asset class and, with its factor-plus products, it aims to build portfolios that will outperform an index over one year/achieve outperformance as frequently as it can.
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