Europe
‘Short’ Brexit transition concerns adviser body
A leading UK adviser trade association has warned the Brexit transition period of 21 months is an insufficient amount of time for a comprehensive deal to be struck.
PEOPLE MOVES: Investec, NN IP and Heartwood
NN IP chooses its lead portfolio manager of emerging market debt, Investec hires its UK institutional sales director from Goldman Sachs and Heartwood makes a raft appointments to its investment team.
Allfunds debuts tax advantaged ETF transfer platform in Spain
Allfunds Bank, the European headquartered open architecture platform, is to offer a trading facility to enable investors in Spain to transfer between ETFs and mutual funds without incurring any capital gains tax.
Brexit threat to Gibraltar may trigger sector exodus to Spain
Brexit poses a significant threat to financial services in Gibraltar but re-domiciling to the Spanish side of the border could spare the sector.
Old Mutual Wealth ready to list as profit soars 40%
Old Mutual Wealth is now ready to list as Quilter, with its annual results showing the company’s pre-tax profits rose by 40% in 2017, driven by “unusually high” performance fees.