10% drop rule ripped up by government
‘Detrimental’ regulation abolished as part of chancellor’s Edinburgh reforms
Author: Christian Mayes
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Home Reit hits back at shareholder allegations
Firm has been accused of deviating from original investment philosophy
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Edinburgh reforms herald mammoth financial services shake up
30 changes to financial regulation outlined, including to ring-fencing rules and repealing EU laws
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Polar Capital names UK sales head
Richard Oates has been promoted from head of UK institutional, while Ryan Cosson joins as regional sales manager
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Nick Train laments woeful wealth management share price performance
Finsbury Growth & Income manager namechecked Hargreaves Lansdown and Schroders as main offenders
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UK equity funds suffer second-worst month of outflows
While £1.09bn poured into bond funds in November, Calastone’s Fund Flow Index found
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Shard Capital names CFO
Nick Davis joins the wealth manager from Permira
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Custodian Reit rebrands to attract retail investors using online platforms
New name ‘better reflects the company’s primary focus on generating income returns’
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7IM adds two Vanguard funds in quarterly MPS rebalance
Firm has increased weighting to additional tier one (AT1) bonds across its higher risk profiles
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PGIM hires international distribution head from BNY Mellon
Matt Shafer will lead the firm’s growth plans in retail and wholesale markets outside the US
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River & Mercantile name prevails as Assetco unites its brands
Recent acquisitions will come together under the R&M banner
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Retail investors pull half as much cash in October after record September
But outflows from multi-asset strategies gained a bit of momentum