United Kingdom
Tax & Regulation | 3 Dec 15
APFA finds regulatory costs eat up 12% of adviser’s income
Small to mid-sized UK financial advisory firms are spending around 12% of their income on direct and indirect regulatory costs, according to the latest annual survey on the cost of regulation by the Association of Professional Financial Advisers (APFA).
French structured products specialist launches in the UK
Hilbert Investment Solutions, a specialist structured products firm, has gained approval from the Financial Conduct Authority (FCA) to operate in the UK.
BlueCrest Capital to refund investors amid outflows and profit worries
Jersey-based hedge fund BlueCrest Capital Management is to return investors’ money after being hit by outflows and pressures on its profitability through fees, staffing, and meeting client needs.
United Kingdom | 1 Dec 15
Financial firms outsource advice to unregulated third parties
Some UK financial adviser firms are delegating the entire regulated activity of providing advice to unregulated third parties, according to the Financial Conduct Authority (FCA).
Tilney planning range of smart beta, multi-asset funds
Tilney Bestinvest plans to launch a range of smart beta, multi-asset funds in 2016.