United Kingdom | 27 Mar 15
Cofunds posts surge in pre-tax profit for 2014
UK investment platform Cofunds has reported an 83% increase in pre-tax profits of £7.7m for 2014 due in part to a big growth in retail pension assets using its service.
Small cap stocks are being grossly
S.W. Mitchell Capital’s Jamie Carter has taken the gross exposure on his SWMC European Small Cap Fund to a record high, as the ‘mad scramble’ towards equities on the Continent opens up a number of long and short opportunities.
FPI Van Der Wielen to leave
Friends Provident International’s executive chairman John Van Der Wielen is to leave the group, as shareholders yesterday backed Aviva’s takeover deal of Friends Life.
United Kingdom | 26 Mar 15
FCA to increase adviser fees by 10
The UK Financial Conduct Authority has outlined plans to increase the adviser regulatory levy by 10% to reach nearly £75m.
Luxembourg on course to offer REITs in 2015
Luxembourg is on track to introduce the regulatory framework to launch Real Estate Investment Trusts (REITs) this year, industry experts predicted after Luxembourg’s Minister of Finance Pierre Gramegna revealed the Government was pushing ahead with the idea.