United Kingdom
Hargreaves backs Woodford despite rejection threat
Hargreaves Lansdown has backed Neil Woodford’s flagship equity fund despite fears it could drop out of its Investment Association sector on the back of lacklustre performance in 2017.
Best Practice | 21 Dec 17
FCA hints passporting will continue after Brexit
In a move that clashes with comments made by the European Union’s chief Brexit negotiator, the Financial Conduct Authority has reassured firms that current passporting arrangements between the UK and EU will continue after the UK exits the EU.
Rathbones’ Thomson slashes UK exposure
Rathbones’ Global Opportunities Fund has dropped its UK exposure from 25% to 7% over the past year.
Tax & Technical | 20 Dec 17
Competitive trust laws on commission agenda
Trusts in England and Wales looks set to be modernised after the Law Commission pledged to make recommendations to amend the law.
FCA shuts down £1.2m Cyprus investment scam
An unregulated Cyprus-based investment scheme has been shut down by the High Court following an application by the UK’s Financial Conduct Authority.