United Kingdom
Investment | 17 May 18
Helena Morrissey jumps on gender equality fund trend
Legal & General Investment Management has become the latest fund manager to launch a passive fund tracking companies with diverse boards.
Isle of Man ‘constraints’ key to Hansard Bahamas move
Hansard’s strategic move to set up a licenced company in the Bahamas was partly driven by the Isle of Man’s sweeping Conduct of Business Code rules which go live in January 2019, the London Stock Exchange-listed company chief executive Gordon Marr has revealed.
M&G to shift £34bn to Europe on Brexit uncertainty
Fund manager M&G Investments is planning to transfer £34.2bn (€38.9bn, $46.2bn) of non-sterling assets to Luxembourg ahead of the UK’s exit from the European Union.
Investment industry in limbo as HMRC appeals Hargreaves tax win
The UK tax office’s decision to appeal a £15m tax ruling in favour of financial services firm Hargreaves Lansdown has left the investment industry in limbo over discounts provided to investors in funds.
Ex-SJP trainee adviser banned for faking qualifications
The FCA has slapped a fine and prohibition order on a former St James’s Place trainee financial adviser who repeatedly lied and faked a document in a bid to advise retail investors without gaining the necessary qualifications.