United Kingdom
Govt sets up asset management taskforce
A taskforce to examine how the £8trn ($10.6trn, €9.1trn) UK asset management business can beat the Brexit blues will be set up by the Treasury, City minister Stephen Barclay has revealed.
Half of DB pension transfers unsuitable blasts FCA
The UK financial watchdog has strongly criticised defined benefit (DB) pension transfer advice saying that most of the recommendations made are unsuitable.
Nutmeg losses widen despite surge in customers
Nutmeg, the online investment manager, saw losses rise to £9.3m ($12.5m, €10.5m) last year despite a surge in customer numbers.
Best Practice | 2 Oct 17
IFA investment planner service launched by FE Analytics
Investment research firm FE Analytics has launched a service to help IFAs meet suitability requirements and deliver consistent investment advice.
D2C platforms prioritise best-buy lists over client experience
A drive toward transparency in the platform market will narrow the gap between big retail players and the institutional market, Multrees Investor Services chief executive officer Chris Fisher predicts.