Nucleus slashes platform fee for wealthy clients
Nucleus is set to slash costs for high-value clients on its platform to meet demands for a “more competitive structure” for large portfolios.
News
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Wealth managers see record-breaking year for client assets
Wealth managers have proven their resilience in the face of a tough environment as private client assets reached record-breaking levels in 2016, according to new research by Compeer.
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Fidelity’s Rossi: Half of S&P 500 will be passive owned within a year
More than half of the S&P 500 will be owned by passive investment strategies within the next 12 months, Fidelity’s Dominic Rossi believes.
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FCA delays action on contract for difference products
The FCA has delayed the introduction of new rules for firms selling contract for difference products in the UK.
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FCA chief hails ‘difficult but fascinating’ banking supervision
FCA chief Andrew Bailey has outlined the regulator’s three-pronged approach to supervising the “difficult but always fascinating” retail banking industry.
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Pound surges as Carney hints at rate rise
Mark Carney’s hint that UK interest rates could rise sooner rather than later sparked a surge in the price of sterling on Wednesday afternoon.
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Investors hit by £27.7m extra costs in FCA plans
Investors could see fund costs soar by £27.7m a year as asset managers pass on the expensive burden of satisfying new FCA regulations.
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FCA Market Study: What does it really mean for funds?
The FCA has finally released its full report into the asset management industry following a year-long review of the market – but what do its proposed remedies mean for funds?
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Deutsche Bank Wealth Management hires former head of Coutts
Deutsche Bank Wealth Management has appointed the former chief executive of Coutts & Co to lead its UK business.
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Platform providers to face FCA scrutiny
The FCA is to probe how the investment platform market is functioning over fears there is a lack of competition between providers.
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Industry bodies: Firms must ‘rise to the challenge’ of FCA review
The Investment Association has called for a “pragmatic timetable” in implementing the changes brought about by FCA Asset Management Market Study.
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FCA backs all-in fee in scathing final report
The Financial Conduct Authority has stood by its earlier pledge to crackdown on fund charges in a damning final report on the asset management industry, released today.
