Financial firms that have missed the deadline to submit crucial information for compliance with Mifid II rules must have contingency plans in place, the Financial Conduct Authority (FCA) has warned.
Jupiter Asset Management veteran Miles Geldard will be bowing out as head of strategy and transitioning to a senior adviser role at the firm.
Research from BMO Global Asset Management’s multi-manager team, headed by Rob Burdett and Gary Potter, shows that the cream of the active management crop have outperformed the top passive funds over the long term.
To comply with new Mifid II regulations, Rathbones Unit Trust Management has decided to bear the costs of its fund research but admitted unit trust margins “will not be unaffected.”
Greece has returned to the bond market for the first time in three years after issuing its first five-year euro-denominated bond at a yield of around 4.75%.
The Bank of England has expressed concern at the UK’s increasing level of consumer debt after warning that lenders are in a “spiral of complacency”.
Investors can assess whether a DFM offers value for money by unbundling the DFM’s service into admin costs, market access costs and applied research, and allocating a “reasonable cost to each”, a consultancy claims.
Global AUM in mutual funds is predicted to exceed $100trn by 2020, but active managers have been warned to adapt to stay relevant during the boom by research agency Cerulli.
Architas has expanded its investment team with the appointment of two new managers and an analyst.
A judge has ruled the Financial Conduct Authority can claw back £350,000 from a former Schroders fund manager convicted of insider dealing who led a ‘criminal lifestyle’.
The International Monetary Fund has lowered its growth forecast for the UK to 1.7% in 2017, while IHS Markit recorded waning optimism in the UK private sector.
Woodford’s Equity Income fund has nabbed a coveted five-star badge in its first rating by FE in the agency’s latest rebalance.
