FCA Senior Managers Regime to cover asset managers and advisers
Adviser firms and asset managers will be brought under the FCA’s Senior Managers and Certification Regime from 2018, the watchdog has announced.
Author: Sebastian Cheek
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‘Strong organic inflows’ drive record quarterly income at Brewin Dolphin
Brewin Dolphin has reported a record total income for the three months to the end of June, driven by what it termed “strong organic fund inflows”.
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GDP estimate shows ‘notable slowdown’ in UK economy
UK GDP grew by just 0.3% in the second quarter signalling a “notable slowdown” in the domestic economy, according to the Office for National Statistics.
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Three credit funds to hold through the dark days ahead
Central banks have upped the rhetoric in recent weeks, with all but the Bank of Japan hinting at rising rates and/or winding in quantitative easing. It seems a strange time to be talking this way – just as the hard economic data looks to be in danger of peaking.
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PA ANALYSIS: St James’s Place – is the criticism valid?
As St James’s Place Wealth suffers another week of grim headlines about its charges and advice model, is now the time for rival IFAs and restricted advisers to win business and clients off what is arguably the market leader?
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Greece re-enters bond market after three years
Greece has returned to the bond market for the first time in three years after issuing its first five-year euro-denominated bond at a yield of around 4.75%.
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BoE warns of ‘spiral of complacency’ over easy lending
The Bank of England has expressed concern at the UK’s increasing level of consumer debt after warning that lenders are in a “spiral of complacency”.
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Is your DFM offering value for money?
Investors can assess whether a DFM offers value for money by unbundling the DFM’s service into admin costs, market access costs and applied research, and allocating a “reasonable cost to each”, a consultancy claims.
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PA ANALYSIS: Is the FCA barking up the wrong tree over platforms?
The Financial Conduct Authority wants to use the platform review to drive more competition in the asset management sector, but experts are asking whether it is looking in the wrong place.
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JOHCM appoints duo for intermediary sales team
JO Hambro Capital Management (JOHCM) has strengthened its UK intermediary sales team with the hire of two sales managers.
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High borrowing and economic fragility may hit austerity easing
The scope for the Chancellor of the Exchequer Philip Hammond to ease austerity may be limited as public sector borrowing has increased while the economy remains fragile, according to consultancy Pantheon Economics.
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MSCI: UK worst performer in June
The UK was the worst performing single country index in June while Canada was the best, according to data by MSCI.
