United Kingdom
Tax & Regulation | 2 May 17
FCA spares dealing and portfolio services from Priips rules
The UK regulator has decided that retail investment dealing, portfolio management and custody services will not fall under major new European Union disclosure rules.
Multi Asset | 2 May 17
Schroders launches fund to defy short-term market moves
Schroders has launched a multi-asset fund for Johanna Kyrklund designed to weather potential storms in equity and bond markets.
Tax & Regulation | 28 Apr 17
Pension trustees banned over £16m Fiji tree plantation scam
The Pensions Regulator (TPR) in the UK has banned the trustees of a scheme that lost more than £15m ($19.3m, €17.7m) of member’s money after investing in overseas ventures that “bore the hallmarks of a scam”, including leases on a plantation in Fiji.
Seven IM unveils new model portfolio service
Wealth manager Seven Investment Management (7IM) has launched a new managed investment service for advisers and added new features to its flagship discretionary managed portfolio.
Tax & Regulation | 27 Apr 17
Uncertainty reigns as non-dom changes dropped at ‘11th hour’
UK taxpayers will now face a period of uncertainty after new non-domicile rules and inheritance tax changes to UK residential properties were dropped from the Finance Bill at the last minute, according to industry experts.