3 5 million consumers now divorced from advice
Senior advisory figures in the UK have claimed that both the Financial Conduct Authority (FCA) and advisers should be held to account for divorcing many consumers from advice, following the implementation of the Retail Distribution Review (RDR).
North America | 25 Nov 14
NY beats London as top financial centre
New York is the world’s number one centre for finance, according to a survey of 300 financial services professionals.
Dont write off small clients just yet
The prospect of a looming advice gap at the lower end of the financial spectrum is a rather well-trodden narrative path among both the industry and financial journalists. But, what is perhaps less well understood is the manner in which technology is likely to play a role.
North America | 25 Nov 14
Natixis Global AM establishes Mexican base
Natixis Global Asset Management has opened an office in Mexico targeting institutions, particularly pension funds.
Retirement | 25 Nov 14
OMGI distributor deals annuity replacement
Old Mutual Global Investors is at an “advanced stage” of setting up partnerships with selected life companies and platforms to develop pooled fund products for the retirement market, in readiness for next year’s radical UK pension regime reforms.