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FCA warns P2P investors may not understand risks

The FCA wants feedback on what to include in its upcoming review into crowdfunding rules, including around Innovative Finance Isas. The review will consider both loan and investment-based crowdfunding. The FCA is seeking feedback on whether investors are aware of the risks involved with innovative finance Isas. The call for input document, published today, says: […]

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Discretionary managers failing to apply EU VAT exemption

Discretionary fund managers are failing to cut fees as a result of a European VAT exemption on their model portfolio services. A note sent to advisers by support firm threesixty and seen by Money Marketing, explains how the exemption applies to these services if they meets certain criteria. The criteria were set out in a […]

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Osborne backs away from emergency Budget

Chancellor George Osborne says the UK’s vote to leave the EU will not trigger an immediate emergency Budget. In a statement today, Osborne says the UK is in a “position of strength” but that there would still be an “adjustment” to the economy. Osborne says: “It is inevitable, after Thursday’s vote, that Britain’s economy is […]

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