United Kingdom
Morningstar launches adviser fund selection tool
Morningstar has set up a business unit for financial institutions and advisers seeking to outsource fund selection and asset allocation.
PEOPLE MOVES: Guernsey Finance, AIC, Aviva
Guernsey Finance has hired a London representative to promote the island’s financial services industry, the Association of Investment Companies appoints a board director and Aviva Investors poaches from Standard Life.
UK compensation scheme declares 11 firms in default
The Financial Services Compensation Scheme (FSCS) declared 11 firms in default during March 2018, meaning that consumers could get back money they have lost.
SJP shares set to gain on Asian growth
Growth in Asia and benefits from its purchase of a UK asset management firm could see shares in St James’s Place power ahead this year, according to analysts at UK stockbroker The Share Centre.
Guernsey trust company fined for regulatory failings
An investigation by the Guernsey Financial Services Commission identified serious instances of governance and operational failings at Guernsey-based trust company Richmond Fiduciary Group, resulting in a fine of £45,500 ($64,759, €52,508).