United Kingdom
Tax & Regulation | 17 Nov 16
Ex-Providence director in court over alleged sexual assault
Steve Dewsnip, one of the former directors of the collapsed Guernsey-based Providence Investments Funds, has appeared in court in London accused of sexual assault.
Best Practice | 17 Nov 16
Millennials value financial advice at just £28.50 per hour
Millennials are willing to pay an average of just £28.50 ($35.50, €33.12) per hour for financial advice, casting doubt on the industry’s ability to capture younger clients amid the rise of robo-advice, research from financial services PR consultancy MRM has found.
Investec profits rise in wealth and fund management arms
Investec Wealth & Investment (IW&I) reported a 14.1% rise in operating profit for the six months to 30 September, with assets under management (AUM) reaching £51.3bn ($63.9bn, €59.6bn).
Fixed Income | 16 Nov 16
Absolute return disappointment stymies cautious investors
Asset allocators moved materially back into fixed income in the third quarter, often at the expense of absolute return funds, Natixis said on Wednesday.
Tax & Regulation | 16 Nov 16
FCA slams exit charges on Lifetime Isas
The UK’s Financial Conduct Authority (FCA) has warned about the risks of imposing a 25% exit fee on the upcoming Lifetime Isas.