Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
The Investment Association has criticised the FCA for misusing language in its asset management market study saying it could harm the reputation of fund managers. In the first installment of the asset management market study, published in November 2016, the FCA drew a clear conclusion on where active management fails to give value to clients. […]
SimplyBiz has added a fourth partner to its defined benefit pension transfer referral panel. Peterborough-based Tuto joins Grove Pension Solutions, Pensionhelp and Creative Wealth Management on the panel. SimplyBiz compliance director Gary Kershaw says: “While talking to potential partners and then undergoing the due diligence process with Tuto, I felt comfortable that its approach to […]
Listed equity is shrinking, reducing opportunities for investors Since early 1998, more equity has been withdrawn than added to the US stockmarket each year, while there has been a vast rise in corporate debt. US companies have shrunk their equity through large-scale buy-backs (about to be given another boost by the Trump administration’s favourable tax […]
Despite predictions that a vote to leave the European Union would result in an economic apocalypse, UK equities have shown the market equivalent of a stiff upper lip: bouncing back, keeping calm, and carrying on. Although the road towards Brexit remains clouded in uncertainty, UK equities offer a range of opportunities to investors seeking returns […]
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