Industry
Robo-advisers will struggle to make profit, says Morningstar
Robo-advisory firms will have to eat through all of the capital they raised in order to reach a profitable scale, according to fund research firm Morningstar.
Tax & Regulation | 19 May 15
APFA calls for FCA budget freeze to stem fee rises
The Association of Professional Financial Advisers (APFA) has called for a freeze in the Financial Conduct Authority’s (FCA) budget for the next two years to give its members a break from having to meet its steadily rising fees.
HK shell company sold by deVere suspended by insurance regulator
Shell company Devere Group Hong Kong Ltd, which is no longer owned by the deVere Group, having been sold last year, has had its licence suspended by the Hong Kong insurance regulator.
China opens door further by clarifying ‘beneficial ownership’
The China Securities Regulatory Commission has said Northbound investors buying through the Stock Connect enjoy proprietary rights, clarifying a key outstanding issue for foreign investors.
Alternatives | 18 May 15
Dexion Capital launches alternatives platform
Dexion Capital has launched an alternatives UCITS platform called Dexion Liquid Strategies.