Best Practice | 26 May 17
Commission still makes up 25% of revenue for UK IFAs
Financial advisers in the UK still earn a quarter of their income from commission, according to latest figures from the Financial Conduct Authority (FCA).
Vanguard to target retail investors in China
US mutual fund giant Vanguard has launched a wholly-owned operation in China to target the fast-growing retail investment market in the world’s second largest economy.
Spain upholds jail sentence against Lional Messi
Spain’s Supreme Court has upheld a 21-month jail term handed down last year to Barcelona football player Lionel Messi and his father, although the pair are unlikely to go to prison.
STM considers Qrops ‘buying spree’ as European units downsized
STM chief executive Alan Kentish has said the cross border financial services provider is well placed to go on a “buy and build acquisition spree” of Qrops businesses, following the UK’s shock decision to impose a 25% transfer charge earlier this year.
Retirement | 25 May 17
Sipp provider Momentum clarifies asset rules amid ‘scrutiny’
Malta-headquartered Momentum Pensions has clarified rules around which assets it will accept into its International Sipp as chief executive Stewart Davies confirms the sector is under a “heightened level of scrutiny”.