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Active vs Passive

FCA announces hub for asset management start-ups

The FCA has announced it is launching a hub for asset management start-ups overwhelmed by the authorisation process as it reveals it takes 1,200 calls a month from investment managers about their applications. The announcement regarding the hub was made at the FT Investment Management Summit, where FCA executive director of supervision for investment, wholesale and […]

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Bank of England to take over key interest rate benchmark

The Bank of England has confirmed it will assume control of a key interest rate benchmark in 2018. From 23 April the Sterling Overnight Index Average (Sonia) will be calculated and published by the Bank of England, rather than the Wholesale Market Brokers’ Association. In April this year the BofE chose Sonia to replace the […]

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Ombudsman upholds complaint about 1989 pension transfer

The Financial Ombudsman Service has upheld a complaint that a client was given “fundamentally bad advice” to transfer out of a company pension nearly 30 years ago. In 1989, financial advice firm The Analysts recommended that a client, referred to as Mr F, should transfer his preserved pension benefits in the Mars Pension Plan into […]

Graphic content – December; the countries most exposed to a rise in protectionism

President-elect Trump has suggested withdrawing from the North American Free Trade Agreement (NAFTA) and ending negotiations over the Trans-Pacific Partnership (TPP), albeit there is considerable uncertainty over what he will, or even can, do. If one of the main consequences of the election of Donald Trump is US protectionism, it’s worth considering who stands to […]

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