The FCA has launched a robust defence over its shelved inquiry into pay and culture at banks as claims emerge the Bank of England influenced the decision to scrap the review. Last month, it emerged the regulator had scrapped an inquiry into banking culture and had chosen to deal with firms individually instead. FCA chairman […]
Precise Mortgages is seeking a new backer to fuel its growth ambitions, Money Marketing sister-title Mortgage Strategy understands. The lender appointed Deloitte in the summer to alert potential buyers, although it is understood the information memorandum will be sent to firms in the coming days. The sale includes all companies under the Charter Court Financial […]
The eurozone looks different since last spring when it was in the middle of a “gloomy” period for asset prices, says M&G fund manager Steven Andrew, who is ramping up European and US equity exposure despite volatility in the markets. He says: “It has been a challenging year for asset allocators as we saw prices allocated […]
Paul Resnik does not pander to his audience. On regulation, for example, he argues UK advisers have the level they deserve. “It wasn’t the tooth fairy who arrived and said ‘I’m going to give you the RDR’ out of nowhere,” he says. “It was misselling, and billions of pounds of it.” While such comments will […]
Paul Casson, the manager of the Artemis Pan-European Absolute Return Fund, expects to benefit from a (patchy) recovery in Europe and more profit warnings in 2016.
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