Companies
Best Practice | 19 Mar 18
Fund selectors struggling with insistent clients
Many fund selectors believe clients often end up damaging their own portfolios when insisting on bad investment ideas, according to a survey conducted at our sister publication Expert Investor’s Pan-European Congress in Rome.
SimplyBiz to float next month
IFA adviser SimplyBiz is floating on the London Stock Exchange’s Alternative Investment Market (Aim) next month.
PEOPLE MOVES: S Africa taxman, Fidelity Int’l, Charles Stanley
Allegations of money laundering and corruption have brought down the chief of the South Africa Revenue Services’ business and individual tax division. Senior changes at Fidelity International put a new face in charge of its continental European business, while Charles Stanley is targeting improved intermediary relationships with two hires.
OMI keeps distribution deal as Old Mutual exits LatAm
South Africa-headquartered Old Mutual is selling all of its businesses in Latin America to a Singapore-based firm but has confirmed that Old Mutual International will continue its long-standing relationship with regional distributor Aiva.
Hong Kong regulator targets big guns
In separate moves, Hong Kong’s Securities and Futures Commission (SFC) this month has gone after UBS, Deutsche Bank and brokerage firm CLSA for regulatory breaches.