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FCA eyes 40 firms in adviser recruitment and training probe

The FCA is analysing information from 40 firms about their adviser recruitment processes and what quality checks are in place on the advice they give. Earlier this year, Money Marketing revealed that the FCA sent letters to a sample of firms asking about training, competence and hiring records for staff. A Freedom of Information Act request […]

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Scottish Widows mandate worth £109bn set to go to Schroders

Schroders is set to take control of a contested £109bn investment mandate after Scottish Widows parent Lloyds pushed Standard Life Aberdeen off the funds, according to reports. Schroders has offered Lloyds the chance to take some form of stake in its discretionary wealth arm Cazenove Capital as a sweetener to the deal Financial Times reports. Apparent […]

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FundsNetwork brings in new boss to replace Pat Shea

Jackie Boylan has been appointed to lead FundsNetwork at Fidelity International from the start of next year. She will replace Pat Shea who retires at the end of 2018. Recently, Shea has been overseeing FundsNetwork’s ongoing replatforming project to Bravura technology. Boylan joined FundsNetwork in May 2017 as head of advisory services, where she has […]

India Election Update

What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.

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