RDR is being blamed for the decline in mass market investment in Q1 2013 as net fund sales slumped to a five year low and ISAs were hit with net outflows, but some asset managers and their funds bucked such a trend…
Old Mutual Asset Management (OMAM) reported flat net flows of £0.4bn for the first quarter of the year, due in large part to outflows from Skandia Nordic.
Old Mutual Asset Management (OMAM) reported flat net flows of £0.4bn for the first quarter of the year, due in large part to outflows from Skandia Nordic.
You may have noticed the ads in your local train or tube stations for the CISI's Integrity Matters campaign; post-RDR it is concepts around professionalism that bodies have turned their attention to.
Collins Stewart Wealth Management has formally rebranded as Canaccord Genuity Wealth Management (CGWM), as the acquisition of Collins Stewart by Canada’s Canaccord Financial first announced in December 2011 reaches completion.
Many advisers do not believe that wealth management is a premium service and feel that it needs to be more competitive within the financial services sector, according to a survey conducted by Pershing.
St James’s Place (SJP) could consistently see 25% earnings per share growth for the next three quarters as it profits from being one of the ‘winners of RDR’, according to Richard Watts, manager of the Old Mutual UK Mid Cap Fund.
RDR implementation and the partial loss of a mandate resulted in a subdued opening quarter for Jupiter Asset Management, as the firm reported net inflows of £209m for Q1 2013.
Execution only investment giant Hargreaves Lansdown has reported record assets under administration, up £4.7bn to £35.1bn in the first three months of the year, with the largest ever inflows for a quarter contributing £1.8bn to that total.
Investec Structured Products has launched a new collection of post-RDR FTSE 100 plans, whilst removing the commission options on previously available structured deposits.
The vast majority of IFAs have not lost a single client since the implementation of RDR though one in four sees the regulatory regime as a threat to their business, according to Positive Solutions.
The number of platform providers is expected to shrink by two-thirds once the terms of the FCA's platform paper are revealed at the end of this month or early next.
