Best Practice | 23 Aug 16
IFAs under pressure to offer more than financial advice
Over half of financial advisers based in the UK feel pressured to offer advice to clients about more than just their money, according to a new survey.
Emerging Markets | 23 Aug 16
BlackRock goes overweight EM
US fund management giant BlackRock has joined the ongoing shift into emerging markets by upgrading the asset class to overweight in its asset allocation outlook.
Tax & Regulation | 23 Aug 16
UK ombudsman pledges to tackle scammers of £755m fraud
The UK’s Financial Ombudsman Service (Fos) has set out the scale of fraud carried out in the country’s financial services sector, pledging to work with other regulatory bodies such as the Financial Conduct Authority to crackdown on scams.
United Kingdom | 23 Aug 16
Robo-advisers will take years to be profitable, warns report
Robo-advisers will have to wait up to a decade to make a profit from their clients, according to a new report into the sector.
China’s regulator continues fund house crackdown
The China Securities Regulatory Commission (CSRC) put 73 private fund firms under administrative supervision measures in the first half of this year after illegal or irregular activities were found.