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Nutmeg loses £9m in 2015

Nutmeg made a £9m loss in 2015, nearly double its losses in the previous year, its accounts show. The online investment manager saw its losses increase from £5.3m in 2014 to £8.9m in 2015 on the back of increased marketing spend and new product lines. Nutmeg reported turnover of £1.7m, up from £635,000 the previous […]

Robert Reid: Can Godfrey’s People’s Trust deliver?

The news former Investment Association chief executive Daniel Godfrey is going into direct competition with the groups that did not support his wish for transparency is something to be watched with interest. I have to say, the £100,000 being raised to kick-start the development of his new investment company The People’s Trust looks inadequate. I […]

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FCA publishes list of firms using passporting

The FCA has revealed the full list of firms that use passporting inward or outward from the UK. The asset management industry’s biggest players, such as BlackRock, Vanguard and Schroders all feature on the list, obtained by Mlex through a Freedom of Information request. The FCA has already revealed that 5,500 UK firms rely on passporting […]

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FCA to reveal how it uses Gabriel data

The FCA is set to publish a guide on how it uses the data advisers submit in regulatory returns. In its monthly round-up ,published yesterday, the regulator says after speaking to advisers at its Live and Local engagement events, it found firms wanted to know more about how the FCA uses the data they provide […]

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