aviva investors turns its back
Aviva Investors has announced plans to pull back from the UK retail market, cutting 160 jobs in order to focus on its institutional proposition, it has announced.
News
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increase in outsourcing
Advisers who plan to outsource more of their investment-based advice post-RDR need to consider VAT implications before going forward, according to Assetfirst.
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facta replaces rdr in wasting advisers time
While wealth managers are more than aware of RDR – whether they have done anything about it or not is another thing – they may not be as aware of FATCA, another costly piece of legislation that comes in on 1 January next year that they would be equally foolish to ignore.
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former-lazard man joins fsa
Former vice-chairman of Lazard & Co, Will Samuel has been appointed to the role of investment banking senior adviser at the FSA.
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regulator casts net wider than etfs
The European Securities and Markets Authority has published its long-awaited consultation paper on ETFs, extending proposals to all Ucits vehicles engaging in ETF-like practices.
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commodity fund allocations same despite turmoil
Commodity managers struggled to even keep up with their benchmarks last year, says Amandine Thierree, yet they are keeping their allocations unchanged, describing 2011 as “just a phase”.
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morgan stanley issues short term income product
Morgan Stanley has issued a structured product paying an annual income of 5.8% based on the performance of the FTSE 100.
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us seen bowing to pressure on fatca
Bowing to pressure from foreign governments, financial institutions and expatriate Americans around the world, the US is seen to be planning to make significant changes to its unpopular FATCA reporting requirements, which are due to take effect in 2013.
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Feds stance helps risk appetite return
Popularity of emerging markets equity and bond funds surged last week after the Federal Reserve in the US signalled it would keep interest rates at rock-bottom for another three years.
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globally europe is not that big a deal
Given Europe is on our doorstep it gets more attention from UK investors than it is due because on the global stage Europe is not in as great a crisis as we think it is.
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Butterfield head of private
Butterfield Private Bank has confirmed its head of private banking Danny Dixon and CIO David Stewart have both left the firm.
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Saunders – no such thing as hidden
The IMA’s chief executive, Richard Saunders, has come out against accusations of hidden charges in the funds industry, saying they are a complete myth.
