Tax & Regulation | 14 Mar 16
Return to commission in UK ‘ruled out’ by FAMR report
In further industry reaction, a number of key players in financial services have reacted positively to the FAMR report’s positioning in favour of a fee-based only RDR regime, with no re-introduction of commission as remuneration for financial advisers.
Ashburton offers Sterling share class for India equity fund
Ashburton Investments is set to launch a new Sterling share class for its US dollar-based India Equity Opportunities Fund.
Legg Mason announces Martin Currie merger
Global asset management firm Legg Mason has merged its subsidiary Martin Currie Global Funds (MCGF) into its Legg Mason Global Fund (LMGF), as part of a move to exploit greater economies of scale, the firm has revealed.
People Moves | 14 Mar 16
HSBC GAM names Rudd head of UK wholesale
HSBC Global Asset Management has announced the appointment of Dan Rudd as head of wholesale, UK.
Aberdeen enters Abu Dhabi financial centre
Aberdeen Asset Management has confirmed that it will open an office in the Abu Dhabi Global Market (ADGM) towards the end of the year.