coming to fine you – the fsas new favourite weapon
The hefty fine handed down to Ashcourt Rowan in the wake of an FSA Section 166 order should serve as a reminder to the wealth management sector that the new kids on the block mean business.
Analysis
-
-
pa analysis get rid of benchmarks
A combination of investors' awareness of the weak economic environment they are operating in, their desire for more absolute and less relative portfolios, and various regulatory changes are pushing us slowly towards, at last, putting investor goals as the ultimate benchmark.
-
pa analysis more aggresive regulation from the fca
Even though the FSA will not exist from 1 April (it's true!) it is going out with a bang with fund managers recently getting their own Dear CEO letter and wealth managers facing a more personal visit.
-
europe bulls miss problems in the shadows
As the US’ looming fiscal cliff starts to dominate sentiment and headlines, the crisis in Europe has fallen out of the spotlight but this doesn’t mean investors should rush back to the region.
-
turkey soft landing should be the envy of china
We all know emerging markets are not confined to Asia and South America, but often emerging Europe is neglected to our shame. Turkey is one country that has quietly been getting its house in order, and could teach the Chinese a thing or two about 'soft landings'.
-
us equity income to lose from fiscal cliff
In the run-up to the US presidential election, investors became increasingly concerned by the ‘fiscal cliff’. While the consequences of this could be massive for most assets, one area that is worthy of further attention is its possible impact on US equity income funds.
-
pa analysis fundamentals point to property
Property is still low down the shopping list for most portfolio managers but there are a couple of longer-term fundamental indicators that point to a potential revival just round the corner.
-
Ex trust man Godfreys leap of faith
Eyebrows were raised when ex-AIC director general Daniel Godfrey was announced as the next IMA chief, but his call for financial services to rebuild a breakdown of trust with investors unites both the open- and closed-ended worlds.
-
ima figures reveal missed equity entry point
They say when retail investor trends start to turn, it is too late to join the party. So in trying to make asset allocation calls looking forward, should professional investors avoid equities?
-
pa analysis asian glass is more than half full
There are many news providers that are quick to see the negative in a story when more detailed analysis highlights the positives. China's "stalling" economy is one great example…
-
hargreaves ditching gibbs should wake up industry
Hargreaves Lansdown has called for the asset management industry to take another look at performance fees, putting the argument forward for the charge to be scrapped entirely.
-
frankenstorm prompts search for equity laggards
As uncertainty reigns in the US, the market that has so far defied expectations of low growth looks likely to plateau. But pockets of value exist elsewhere and looking for laggards could reap the rewards.