SVM Asset Management has announced it will take on the cost of external research under Mifid II rules next year.
A halving of the cash spent on research by investment managers could see banks lose $1.5bn in revenue once Mifid II rules come into force next year.
Three of the largest investment consultancies have pledged to cooperate fully with a government investigation into the industry amid competition concerns.
Deutsche Asset Management and Franklin Templeton are the latest firms to reveal they will take on the cost of research once Mifid II comes into force next year.
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.
An investigation into how five insurance firms treat long-standing customers will continue with only one case closed, the Financial Conduct Authority has confirmed.
More than a quarter of businesses are struggling to prepare for Mifid II ahead of the January 2018 deadline, a new survey from communications firm Teleware has found.
Fundhouse has decided to make its fund selection track records available to the public in a push for greater transparency in a highly unregulated part of the financial services industry.
Allianz Global Investors has become the latest asset manager to reveal it will take on the cost of external research once Mifid II rules come into force early next year.
Rogue pension websites are carrying anti-scam messages to try to trick UK consumers into believing that they are legitimate businesses, The Pensions Regulator (TPR) has warned.
The UK's top companies are reducing the publication of quarterly reports with an increasing number abandoning them altogether, the Investment Association has found.
New HMRC guidelines on how people can downsize their home but retain the value of their previous residence for inheritance tax reduction purposes have been branded ‘impenetrable’ by accountancy body the ICAEW.
J O Hambro Capital Management (JOHCM) has joined the roster of investment managers who will pay for external research costs through their own profit & loss account, a move which will cost it an additional £5m per year.
The Investment Association (IA) has set up a public register to name and shame listed companies that are subject to shareholder opposition on executive pay.
A carefully-targeted pension scam public awareness campaign including television advertising would cost in the region of £2m annually, a financial services advertising expert has said.
The Financial Conduct Authority has refused to approve a compliance officer with nearly 20 years of experience from carrying out certain controlled functions on behalf of online trader Goldenway Global Investments.
T. Rowe Price has joined a growing number of fund managers that have pledged not to pass on research costs to clients.
The government has revived plans for a ban on pension cold calling with a promise of new legislation after the original plan was dropped owing to the snap general election.
Time and clarity are among the biggest Mifid II headaches facing asset and wealth managers according to Ashley Smith, senior vice president at data exchange hub Silverfinch.
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