Budget for wealth managers to fear and cheer
As Chancellor of the Exchequer George Osborne limbers up to deliver the 2015 Budget, wealth managers and financial advisers have reason to be gleeful and cause to worry.
United Kingdom
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FCA sets final rules on social media use
The UK’s Financial Conduct Authority has ruled that when a financial services firm shares customer endorsements over social media it could be covered by its promotion rules, and has set out clearer guidance on how employees can use their personal social media accounts.
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WMA announces strategy refocus
The Wealth Management Association has announced a strategy refocus built around five key areas.
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Pension industry jointly responsibile for clients
There is a new and clear division of responsibility in the UK between consumers, the pensions industry and government policy makers coming into effect after 6 April that is a long way from the current system, the Financial Conduct Authority said.
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Seven IM founders now talking about sale
Seven Investment Managements founders have been in talks with their major shareholders insurance groups Aegon and Zurich regarding the potential sale of the business.
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Grexit and Brexit European stocks high stakes
As the European Central Bank’s quantitative easing programme creaks into life this week in belated fashion by many reckonings, there seems to be something else overdue happening.
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Woodford worried about world economy
Neil Woodford has painted a bearish picture on the world economy in an interview with the BBC News channel.
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F C hires private equity director
F&C Investments has hired David Walker as investment director in its private equity funds business.
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Will Saudi Arabia knock investors off wall
Despite the proverbial wall of worries seeming as high and treacherous as it ever has been, investors continue to climb it with safety equipment of questionable quality.
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FTSE slides back from record territory
The FTSE 100 index slid back this morning after closing at a record 6949 points yesterday.
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Why you should get out of UK equities sharpish
Over the past couple of weeks it seems the upcoming United Kingdom general election has crept its way into the forefront of the public consciousness.
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Baillie Gifford joins active share push
Baillie Gifford has said it will publish the active share figure on its retail fund factsheets from 28 February.