FCA disclosure panel forms new group with pensions focus

The FCA panel in charge of creating a template to better disclose fund charges and costs has created an additional group to work on the complex data collection in the defined benefit and defined contribution pension space. The institutional disclosure working group, chaired by transparency champion Chris Sier, has published an update on its work saying more needs […]


Standard Life Aberdeen outflows top £31bn as Gars continues to struggle

Standard Life Aberdeen has reported outflows of £31bn in its full year results, six months after the mega merger at the Scottish fund houses completed. In August 2017, Standard Life and Aberdeen Asset Management joined forces to become Standard Life Aberdeen, a giant global asset management powerhouse running £655bn assets. In its full year results, […]

Jupiter: Mifid II cost criticism lacks weight

Head of strategy for the Jupiter Independent Funds Team John Chatfeild-Roberts looks at how Mifid II has hit multi-manager funds following Money Marketing’s reporting on the true costs of the funds. Mifid II provides investors with greater clarity of charges. However, appreciating the difference between value and price is fundamental; of course price is important but […]


Richard Buxton: ‘There is no bubble in equities’

Old Mutual Global Investors chief executive Richard Buxton has defied fears of a market bubble in equity markets. The veteran manager has joined other investors in warning over systemic risks within exchange trading funds, however. Influential investors such as Neil Woodford have recently warned that there are many bubbles in the market that could soon […]

FCA looks to ban Libor trader for rate rigging

The FCA has sought to ban former Libor trader Tom Hayes over rate rigging. The former UBS and Citigroup trader was jailed for 11 years in 2015 for rigging the Libor rate. The FCA said yesterday it had decided to prohibit Hayes from “any regulated activity”, as it did not see him a “fit and […]


US banking giants warn of imminent City exodus

Large US banks including JPMorgan Chase, Goldman Sachs and HSBC have told the US commerce secretary that the UK’s beleaguered Government and the slow-moving Brexit plans may lead to them moving thousands of jobs out of the City imminently. Several financial institutions met with US commerce secretary Wilbur Ross last week at a private lunch […]


Mifid II job vacancies grow fourfold in a year

Asset 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 […]