United Kingdom | 26 Nov 14
UK investor visa threshold doubled to £2m
Earlier this month the Home Office doubled the minimum threshold for a UK investor visa to £2m, but there are now concerns the measure, and a further tightening of surrounding rules, will negatively impinge on investment into the UK.
Axa Wealth drops pension platform charges
Axa Wealth will scrap regular charges for both its pension products and drawdown services available via the Elevate platform.
United Kingdom | 26 Nov 14
Regulatory reforms a significant burden
The “unprecedented wave” of regulatory changes will “present a significant burden” to asset managers, said EFAMA’s Peter De Proft.
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.