FSCS warns over plague of scams
The UK’s Financial Services Compensation Scheme (FSCS) is the latest body to warn consumers that scammers are using its reputation in a bid to defraud them.
News
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Chief Brexit negotiator backs federalised Europe
A federalised Europe is the only way to secure the survival of the European Union, according to one of its chief Brexit negotiators.
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Husselbee rekindles with Fidelity Special Situations
The Fidelity Special Situations fund has made a return to Liontrust’s managed portfolio service in what manager John Husselbee has described as a “contrarian” move.
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Janus Henderson nabs Columbia Threadneedle fixed income head
Janus Henderson has re-jigged its bond team with the hire of Columbia Threadneedle’s Jim Cielinski as global head of fixed income.
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French private bank enters UK wealth space
Banque Transatlantique, part of French banking group Crédit Mutuel-CM11, is launching a wealth management business in the UK.
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Chase de Vere acquires medical specialist
Chase de Vere has taken over the financial planning arm of Medical Money Management, expanding its financial adviser network by 30.
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UK equity outflows continue as investors look globally
Investors continued to shun UK equities in July, instead preferring to invest globally and in corporate bonds, according to the latest Investment Association statistics.
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Inflation surges but deflationary fears are real
UK Inflation hit 2.9% in August, far surpassing the Bank of England’s 2% target, but minus inflationary pressures, investors fear an oncoming deflationary nightmare.
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Aberdeen Standard absorbs Mifid research cost
Aberdeen Standard Investments, the investment arm of the recently-merged mega manager, has confirmed it will absorb research costs once Mifid II come into force early next year.
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UBS adviser snapped up by Brewin Dolphin
Brewin Dolphin has hired former UBS Wealth Management adviser Tom Colburn as a director in its London office.
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FCA calls out ICOs as potential hotbed for fraud
The Financial Conduct Authority laid out the dangers of initial coin offerings (ICOs), warning investors that they should be “prepared to lose your entire stake”.
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Share Centre to target wealth space
There is a space for a new kid on the wealth management block and The Share Centre is well placed to fill it according to the firm’s chief executive Richard Stone.
