View more on these topics

SocGen sets up roadshows on warrant trading

Societe Generale is embarking on a series of UK road shows for advisers and investors which will aim to teach delegates about covered warrant trading.

The global market for corporate warrants exceeded 200bn last year but warrant trading is still a relatively undeveloped market in the UK, according to SocGen.

Last October, the London Stock Exchange saw the amount of warrants traded pass 1bn for the first time, with 90 per cent of that business going through SocGen.

The firm has launched this year, including a world cup warrant index and a commodity index issues.

SocGen’s Christophe de la Celle, who works in the group’s equity derivatives division for flow and listed products, says the SG warrant tour is free and open to all IFAs, brokers and individual retail investors.

He says: “The covered warrants market in the UK is one of the fastest growing in the world. The FSA likes covered warrants because they offer strictly limited liability compared with spread bets, where losses can be a lot higher.”

The roadshows kick off in London on May 31 and there are events around the country, with the last roadshow in Manchester on June 8.

Recommended

Cob handbook to take Mifid style

Mifid could result in legalistic and prescriptive rules, despite the FSA’s bid for a more principle-based and simplified Cob handbook. The FSA says it will try to use Mifid language in the new handbook, published next year, to avoid gold-plating.

Canada Life takes on Equitable annuities

Equitable Life is set to offload its 4.6bn book of non-profit pension annuities to Canada Life as part of its ongoing restructuring. No money will change hands but Canada Life will take over responsibility for future pension payments on the 130,000 policies that are being transferred. Policyholders’ payments will be unaffected. Canada Life will reinsure […]

Get planning up to par

The IFP runs one non-financial planning-related event in its calendar. The annual golf day, sponsored by Old Mutual, took place recently and attrac-ted 60 people.

Changes to early exit pension charges

In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment