With the right approach, Brexit could provide investors in the UK funds industry with significant benefits, said Ian Sayers.
New data from Nucleus reveals that the average ongoing charges figure (OCF) for a cross-section of funds has plummeted from 78.6 basis points to 65.3bps (-13.3bps) since the introduction of the Retail Distribution Review (RDR) in 2013.
The Financial Conduct Authority has revealed the four key issues raised by businesses which have responded to a consultation on its future mission.
Mark Lyttleton, a former fund manager at BlackRock, has been jailed for one year after admitting two counts of insider dealing.
Returns on investment company share prices were up 12% this year according to the latest figures from the Association of Investment Companies (AIC).
Three former directors of a carbon credit scheme have been banned for a total of 44 years after investors in the fraudulent investment lost almost £3m ($3.7m, €3.5m), the UK’s Insolvency Service (IS) has revealed.
The upcoming Common Reporting System (CRS) is set to pose “fundamental changes” to the wealth management industry both regionally and globally in 2017, said Kevin Liem, CIO at TTG Wealth Management.
Robo-advice firms “do not have a clue” how to communicate well with clients according to research published on Friday calling for the FCA to enforce vigorous rules in the industry.
The UK regulator has proposed changing the financial compensation scheme to make riskier, so-called ‘polluter’ firms pay higher levies.
The US Securities and Exchange Commission (SEC) has confirmed that enforcement director Andrew Ceresney is to leave the agency by the end of the year, the latest in a series of high-profile departures from the regulator.
A UK Fund Trading and Settlement review has found the investment industry could be transformed if a body were introduced to enforce industry-wide common standards and best practice in this area.
JPMorgan Chase, HSBC and Crédit Agricole have been hit with fines totalling €485m (£413m) by the European Commission for rigging Euribor rates.
Firms selling contract for difference products (CFDs) face a clampdown by the Financial Conduct Authority amid fears too many retail clients are incurring “large and unexpected losses”.
Investment manager Pimco has been fined nearly $20m (£15.9m, €18.9m) by the US Securities and Exchange Commission (SEC) for misleading investors about the performance of its actively managed Total Return ETF.
British MPs have criticised HM Revenue & Customs (HMRC) over its lack of scrutiny on whether tax reliefs are being used effectively, raising doubts about plans to digitise its services.
The UK’s Financial Services Compensation Scheme (FSCS) has warned it may impose an interim levy on life and pension advisers over the increasing number of claims related to self-invested personal pension schemes (Sipps).
The director of a bankrupt UK-based IFA firm, who also ran a trading room, has been disqualified for eight years for failing to account for more than £4m ($4.9m, €4.6m) of client’s money, the Insolvency Service has revealed.
As part of its ScamSmart campaign, the Financial Conduct Authority has issued a warning over a ‘clone firm’ posing as Janus Capital.
US president-elect Donald Trump must show some backbone and repeal the Foreign Account Tax Compliance Act (Fatca) as a priority, says deVere founder and chief executive Nigel Green.
The Duncan Lawrie Asset Management research team is...
With the FTSE at an all time high but Brexit uncertainties...
Godfrey Cromwell, a former Barclays Wealth banker,...
Inflation in the United Kingdom economy climbed to...
Finding well-priced defensive assets has been a key...