Regions
Tax & Regulation | 19 Jan 16
Authorised UK firms hit with £363m FSCS levy
Firms authorised by the UK’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) will have to collectively pay £363m ($518m, €475m) to fund the Financial Services Compensation Scheme (FSCS) in 2016/17, an increase of 13.1% from £319m in 2015/16.
Alternatives | 19 Jan 16
Close Brothers AM sees record inflows into IHT service
UK wealth manager Close Brothers Asset Management (CBAM) said its Close Inheritance Tax Service (CITS), which can help investors reduce death duties, had raised a record £45m ($64m, €59m) in 2015.
China GDP growth hits 25-year low but markets unperturbed
China’s gross domestic product growth slipped to a 25-year low of 6.9% in 2015 it was confirmed Tuesday, but markets were largely unconcerned.
Commodities | 19 Jan 16
Commodity price plunge could spark social unrest, Axa says
The sustained slide in prices puts several EM commodity exporters at risk for political and social instability, said a senior economist at Axa Investment Managers.
Church House launches risk-rated model portfolio service
Church House Investment Management, a UK-based discretionary fund manager, has launched a range of six risk-rated managed portfolios.