rising compliance costs do investors no favours
If the costs of compliance continue to increase as they are, there is the danger that the whole purpose and process of investing will be too expensive for individual investors to bear.
If the costs of compliance continue to increase as they are, there is the danger that the whole purpose and process of investing will be too expensive for individual investors to bear.
If you are feeling a little downbeat about mortality, don’t look to BlackRock for a pep talk. “The world is greying – fast,” it says, “With the number of people over 65 tripling to a global total of two billion by 2050”. Cheery stuff.
Vladimir Putin may have just won Russia’s presidential eelction but he still has his detractors, at home and abroad. Chances are, whatever our opinion, he is here to stay.
Next week Japan will mark the first anniversary of the passing of 16,000 lives, with many more lives ruined and a mammoth undertaking ahead still to rebuild its east coast.
In the past 10 years the share of cross-border products as a proportion of European-wide sales has more than doubled, from 21% in 2001 to 43% in 2011, according to Lipper. But UK parochialism is still alive and well.
2011 was neither a vintage year for markets nor, as weve found out this week, was it one of product expansion with a contraction in the number of available funds for only a second time in the past decade.
Due at the tail end of last year, the FSA finally published its Policy Statement (PS12/3) aimed at clarifying one of the largest unresolved issues surrounding the implementation of RDR legacy and trail commission.
The IMA stats for January show retail investors want their money working for them but are not certain enough about their own views to invest outside safety-first assets.
Simon Cowell was quoted recently as claiming Brit boy band One Direction are about to literally explode in America. Its nice of our US cousins to volunteer to clean up the mess.
With the continued heat surrounding the ETP market, recently ratcheted up by ESMA’s release of its long-awaited consultation, there could be no better time for the launch of a independent firm concentrated on the controversial vehicles.
Whatever BlackRock might say publicly, the removal of Mark Lyttleton from the UK Fund he has managed for over 12 years will be interpreted as further evidence of the cutthroat nature of asset management.
The overnight announcement of a bailout package from the eurozone finance ministers leaves Greece no better off today than they were yesterday.