Investment adviser Glass Lewis has joined Royal London in opposing the re-election of Metro Bank chairman Vernon Hill. Metro Bank is in the midst of a shareholder rebellion following findings that £4.6m in fees for architectural, banking and marketing services were paid to architect InterArch, run by Hill’s wife, Shirley. Royal London Asset Management holds […]
As a number of sizeable restricted businesses ditch the label in favour of independence, advisers are questioning whether more firms will make the move back to whole of market. While many of the largest firms in the market still offer restricted advice, the majority of smaller firms continue to opt for independent status post-RDR. The […]
Advisers will not be able to give ‘basic advice’ on stakeholder products that fall under Mifid II and the Insurance Distribution Directive, the FCA has confirmed. Basic advice rules, which date back to 2005 and allow the provision of simpler and lower-cost advice to consumers on a range of stakeholder products using pre-scripted questions, previously […]
By Chris Taylor, Head of Japanese Equities at Neptune Abenomics is not working; Japan is almost back in recession; Abe’s 3rd arrow of structural reform has missed. These are increasingly popular assessments of Japan but are all a severe misdiagnosis, argues Chris Taylor, manager of the Neptune Japan Opportunities Fund Click here to read more […]
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