Misys says it has had an offer for the firm and due diligence is to be carried out.
Is commission, per se, a bad form of remuneration? I am unaware of anyone claiming that it is, not even the FSA. Does commission-based advice routinely cost more than fee-based advice? No, it does not, particularly when you factor in VAT and the extra admin costs of collecting fees. Are fees more transparent than commission? […]
One in four pensioners is racking up debt with no intention of paying it off, according to Sesame.
Following a review of the UK All Companies sector, the Investment Management Association has decided not to split the sector.
Newcastle Building Society is offering a 20-year mortgage fixed at 5.49 per cent.
Equity markets globally currently remain vulnerable to sharp shifts in sentiment caused by either unexpected or unwelcome outcomes in key upcoming political events (the US and German elections, Brexit and the Italian referendum). These top-down influences, combined with the current low global growth environment, will likely lead to broadly directionless markets, and prolong the current low beta return environment. We do, though, […]
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FCA chief executive Andrew Bailey says he is concerned about the new Priips regulation. Speaking at the London Business School Annual Asset Management Conference yesterday Bailey said: “I want to be clear that I am concerned about Priips, and I know I am not alone.” He added: “It carries a risk that it is leading […]
The Personal Finance Society has launched a guide for advisers on social impact investing, in light of recommendations to government from an advisory group. The guide was put together by the PFS, with the support of the government’s independent advisory group on social impact investing and the Department for Digital, Media, Culture and Sport. The […]
The debate around how fund managers’ pay incentives should work has been reignited. Firms have started to introduce new cost structures in an attempt to improve transparency, as the FCA steps up its focus on how asset managers assess their value. The companies that have already introduced new fee models claim it will not change […]