Regions
Best Practice | 19 May 17
The naked truth about MiFID II
The realities of Mifid II are beginning to dawn as advisers across Europe start to realise that commission transparency will be led by product providers, which could leave them feeling a bit exposed, says Shane Wood, business development manager for European IFA network OpesFidelio.
Advice failures cost Australian banks $150m in fines
Australia’s largest banks and leading wealth manager AMP have so far paid A$60m towards a A$200m (£114,48, €133,563, $148,720) fine for charging customers for financial advice they did not receive, according to the country’s financial services regulator.
Investment | 19 May 17
WisdomTree offers short-duration SHAG to investors
WisdomTree has united with Bloomberg Barclays to launch SHAG, an exchange-traded fund (ETF) targeting short-duration US fixed income.
Chinese robo-advisers looking at data mining to stay ahead
Chinese robo-advisers are likely to use data to personalise their services, bringing clients closer to a private banking experience, according to Gregory Van Den Bergh of Chinese fintech developer Micai.
Best Practice | 18 May 17
UK advisers turning to law firms as IHT changes bite
Financial advisers expect a boom in demand for inheritance tax (IHT) advice and are looking to strengthen business partnerships with lawyers to help them cope.