Industry
Dont write off small clients just yet
The prospect of a looming advice gap at the lower end of the financial spectrum is a rather well-trodden narrative path among both the industry and financial journalists. But, what is perhaps less well understood is the manner in which technology is likely to play a role.
Retirement | 25 Nov 14
OMGI distributor deals annuity replacement
Old Mutual Global Investors is at an “advanced stage” of setting up partnerships with selected life companies and platforms to develop pooled fund products for the retirement market, in readiness for next year’s radical UK pension regime reforms.
North America | 25 Nov 14
Credit Suisse fined $2.6bn by US
Credit Suisse has been hit with a fine for operating an illegal cross-border banking business that helped thousands of American clients evade tax.
Lincoln Private Investment launch
The firm facilitates discretionary management of family wealth and private banking, alongside offering a stockbroking service, and has been running real money since 1 July
Tax & Regulation | 24 Nov 14
FCA review of in house funds reveals
An FCA review of the use of in-house investment products by wealth management and private banking firms, while largely positive, has revealed some weaknesses in client communication.