View more on these topics

Mifid II job vacancies grow fourfold in a year

General-Business-Handshake-Hire-Appointment-700x450.jpgAsset managers and brokers have been rushing to add Mifid II-related specialists over the past year, research shows.

Data compiled by LinkedIn on behalf of the Financial Times, shows that 1,300 Mifid II-related jobs were advertised on the website at the end of October.

LinkedIn said the number of Mifid II jobs advertised by asset managers, brokers and wealth managers has increased fourfold in a year.

A third of the roles advertised on the professional networking website are based in London.

MifidII, which has already been delayed by a year, will be officially implemented on 3 January 2018. The European regulation is meant to offer more protection to investors across trading, covering a wide range of areas such as transparency of costs and research payments.

Consultancy Quinlan & Associates chief executive Benjamin Quinlan told the FT that many companies had rushed to boost their personnel as a last minute move.

He says: “There is a lot of paperwork and logistics to deal with in the next few months. [The hiring spree] is really a last-minute panic.”

Morgan McKinley compliance team leader Caleb Hawkins says product governance and investor protection specialists are the the highest paid jobs around Mifid II and those most in demand.

He also says Mifid II is the only project-based piece of hiring firms have not rolled back on because of Brexit-related uncertainties.



Regulators confirm research access in the US post Mifid II

UK asset managers will be able to temporarily access investment research from the US after months of lobbying to clarify new inducements and research Mifid II rules. In a statement on its website, the European Commision has confirmed the US regulator, the Securities and Exchange Commission, has decided US brokers can provide European money managers […]

Only a handful of fund managers meet Mifid II application deadline

The FCA has revealed that only a handful of investment managers applied for Mifid II authorisations by the 3 July deadline. Responding to a Freedom of Information Act request, the regulator said five firms submitted applications by the cut-off point while a further firm made a late submission that was accepted. The FCA pointed out […]

700x450 Business-Portfolio-pen-paper

Morningstar calls for funds to be reviewed twice yearly under Mifid

Asset managers should review their fund ranges semi-annually under the new Mifid rules and weed out the products that are no longer relevant, Morningstar’s director of manager research services says. Currently many asset managers are complacent in monitoring whether their funds are up to scratch, Jackie Beard says, but under the revised directive investment firms […]

Who pays inheritance tax and how to declare it

By Kim Jarvis, Canada Life In this article we look at which forms personal representatives (PRs) need to complete and who actually pays inheritance tax (IHT).  To recap, under current rules, any part of the estate that falls within the available nil-rate band (NRB), currently £325,000, is taxed at zero. Anything in excess of the NRB […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment