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EU rethinks financial market access rules

Senior EU officials are reviewing how they grant market access to overseas financial firms, which may make it harder for City firms to operate post-Brexit. The Financial Times reports officials at the European Commission are considering equivalence rules which give limited access rights to countries outside the EU where regulations are broadly similar to EU […]

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Hammond ‘threw away chance to relieve buy-to-let pain’

The Autumn Statement has been condemned as a wasted opportunity to scale back punitive buy-to-let reforms that will hit landlords and tenants, according to industry experts. The buy-to-let community had hoped Chancellor Philip Hammond would water down or scrap the stamp duty land tax surcharge introduced last April and the changes to buy-to-let tax relief […]

Robo-advisers hit back at claims they face battle for survival

Robo-advisers have challenged a report earlier this week which argued that current robo-advice firms will be overtaken by established finance or technology brands. In its report, analysts at asset manager Bernstein said that the “Uberisation” of asset allocation could present a threat to new firms that have entered the automated advice market. Bernstein believes that the […]

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