HSBC is preparing to launch an investment advice arm later this year for those with less than £50,000 to invest. It comes as Santander announced its return to the investment advice market earlier this month, and as raft of of banks are said to be eyeing the development of robo-advice services. An HSBC spokeswoman says: […]
The European Commission has extended the deadline for member states to comply with Mifid II due to the “exceptional” challenges firms and regulators face in preparing for the new rules. The move, which was widely expected, pushes the implementation date back from next January to 3 January 2018. The Mifid II rules include a requirement […]
Hargreaves Lansdown says it has seen “significant inflows” of pension assets following the pension freedoms, with a swing to Sipp investments rather than stocks and shares Isas. In its interim results for the six months to 31 December, the company says the average new contribution into a Vantage Sipp rose by 13 per cent over […]
The Money Advice Service has suggested guidance needs to move closer to regulated advice to ensure the success of pension freedoms. Speaking to Money Marketing following the organisation’s latest results, MAS chief executive Caroline Rookes says the scope of guidance needs to be reviewed to help savers make the right decisions on accessing their pension […]
Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, discusses how the firm adapts to changing market conditions, focusing on their drawdown strategy.
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