United Kingdom
FCA outlines passporting ‘backstop’ plans for no-deal Brexit
EU firms will be able to continue passporting into the UK if the Brexit transition period is canned, according to the Financial Conduct Authority (FCA) which spelled out its backup plan on 25 July.
‘Discriminatory’ pension freedoms under fire
A campaign has been launched to end the ‘injustice’ for five million UK pensioners who cannot access the pensions freedoms because they retired before April 2015.
No-deal Brexit could make 38 million pension payments illegal
The head of the Association of British Insurers has warned that 38 million individuals living in the EU could have their UK pension and life policy payments deemed “illegal” if no Brexit deal is reached.
Investment | 24 Jul 18
Transact funds hit £32bn as outflows pick up
Total funds at newly-listed platform Transact hit £32bn over its third quarter reporting period despite seeing higher outflows.
PEOPLE MOVES: Franklin Templeton, FundRock, BNP Paribas
Franklin Templeton hires from Martin Currie, FundRock appoints a head of business development and BNP Paribas finds its next global head of sustainability.