FCA relaxing 10% rule does not mean advisers can shirk duty to clients
Regular contact remains vital to prevent clients feeling investment manager has failed them
Author: Sebastian Cheek
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Andy Bell says coronavirus makes 10% rule like flagging a leaking shower on the Titanic
Financial Conduct Authority relaxes the Mifid II measure until 1 October
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Noelle Cazalis: From farmer’s daughter to fund manager
Financial education is vital to encourage new generation of asset managers
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Larry Fink reveals Blackrock growth plans as firm puts hiring freeze in place
Reports say $6.8trn manager has suspended global hiring for ‘a few weeks’
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Nick Clay joining RWC highlights pull of boutique fund groups
BNY Mellon IM describes itself as multi-boutique model despite its chunky assets under management
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FCA told to avoid appeasing ‘beta jockeys’ with short-selling ban
‘We now hear this whinging from long-only managers when they have lost their clients a lot of money’
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Temple Bar ramps up cash to address gearing as shares halve
Alastair Mundy sells down least cyclical holdings to build up £130m cash position
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Coronavirus hits global property with ASI revealing additional suspension
Aberdeen Standard Investments had already suspended two UK property funds
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BMO Gam and Aberdeen Standard freeze quartet of property funds
More than £8.5bn in property fund assets now frozen on back of coronavirus-driven volatility
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FTSE fails to live up to ‘low beta’ reputation amid coronavirus sell off
Lack of technology will hit index as people are forced to digitalise their lives
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Aviva Investors latest to suspend property fund on coronavirus volatility
Kames and Janus Henderson have already suspended funds due to independent valuation issues
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Chancellor pledges £330bn boost for coronavirus-hit businesses
Square Mile compares the package to the 2008 bailout for banks