FCA: We just want to be understood
The Financial Conduct Authority’s work is often “misunderstood” and is about more than forcing down costs and breaking up dominant companies, one of its directors has argued.
News
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Nordic pensions firm buys Skagen
Skagen Funds has been acquired by Nordic long-term savings and pensions firm the Storebrand Group, a move which it says will broaden its product offering.
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Improving UK GDP increases chances of rate rise
The pace of UK economic growth beat expectations in the third quarter of the year, further increasing the chance of an interest rate rise next week.
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Rathbones expands research team with double hire
Rathbones has appointed Richard Briggs and Stuart Chilvers as analysts in its equity and fixed income teams, respectively.
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Advisers set to embrace platform technology
A third (36%) of financial advisers plan to direct more business to platforms over the next 12 months, according to a report by Aegon.
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DIY investment sales up 110% since RDR
The number of non-advised sales of investment trusts and Oeics has soared 110% since 2012 while advised sales have slumped, FCA data reveals.
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Keep your focus, fund managers
If fund managers seek to deliver consistent alpha, they’d better refrain from pushing too many buttons, says Rob van Wechem, head of investments at private bank Oyens & Van Eeghen in Amsterdam.
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Women forced to take on more investment risk
Women could be pressured into taking more long-term investment risks than men to compensate their low pay, according to a study by UBS Wealth Management.
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Brooks Macdonald to combine fund group and investment arm
Brooks Macdonald Group has announced it will incorporate its funds business with its UK investment management arm.
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SJP unveils Japan fund; sees 42% surge in inflows
St James’s Place confirmed it is preparing to launch two funds this November, as it reported net inflows totalled more than £2bn in the third quarter.
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Wells Fargo poaches Schroders’ manager in multi-asset expansion
Wells Fargo has nabbed staff from Schroders and BlackRock to expand its multi-asset portfolios team.
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Only 25% of complaints against SJP upheld
Only a quarter (25%) of complaints made against St James’s Place Wealth Management in the first half of 2017 were upheld the Financial Conduct Authority (FCA) revealed on Monday.
