A former St James’s Place adviser has been jailed after defrauding clients of more than £840,000 over three years. Mark Pickering was discovered to have used client money to place bets at Betfair, which the gambling business discovered after checking its records. Pickering ran up a total of £1.1m gambling losses. Judge James Sampson, of […]
It is understood there will be no direct savings for Vanguard investors Vanguard will not be dropping its fund fees despite its decision to absorb research costs under Mifid II. The $4.4trn fund manager led its US rivals on making a decision on research costs in August. But Money Marketing sister title Fund Strategy understands there will be no […]
The total assets under management of the world’s largest 500 managers increased by 5.8 per cent to $81.2trn in 2016, although UK firms saw AUM drop for the second consecutive year, falling by 4.5 per cent to $6.3trn. The Willis Towers Global 500 research shows that AUM by North American managers rose 7.7 per cent […]
The Complaints Commissioner wants the FCA to regularly check its enforcement team is following guidance on when they should report suspected fraud to the police after a complaint called into question the regulator’s processes. The complainant alleged the FCA had failed to work with investors and the police in its enforcement action against two investment […]
Paul Rayner, Head of Government Bonds at Royal London Asset Management, looks at the UK government bond market ahead of the upcoming election. Read the article here: The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount […]
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