Cofunds has appointed Assureweb director of product marketing Stephen Wynne-Jones as head of marketing operations.
The Recruitment and Employment Confederation is calling for the Government to set a common date for all agency workers to be auto-enrolled into a qualifying scheme or risk distorting the recruitment market.
Personal investment firms that cannot get comprehensive professional indemnity insurance will have to hold significantly higher capital under the regulator’s new prudential rules. The rules require that,where a firm has exclusions on lines of business or on FSA-instigated thematic reviews, it will need to hold additional capital above the new £20,000 minimum or three months’ […]
Prime Minister Gordon Brown has been forced to backtrack on his proposals for a so-called ‘Tobin tax’ on financial transactions after widespread international criticism of the idea.
The FSA admits that reform of its conduct supervision is needed but warns that “a turf war” could break out if its enforcement activity is separated out among different bodies. At a Bloomberg event in London this week, FSA chief executive Hector Sants said the regulator needs to maintain a concentrated enforcement function with clear […]
By Lorna Blyth, Investment Marketing Manager Delivering a decent drawdown review process takes time and resources. This article looks at how you can manage drawdown clients in a more cost-effective way. Most advisers are seeing an increase in drawdown clients following pension freedoms. Often these are clients with lower fund sizes, which means advisers are […]
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Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in the pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]