News
UK ombudsman backs complaint after pension fund falls 50%
Britain’s Financial Ombudsman Service (FOS) has found in favour of a former client of PFP Wealth Management after funds it chose for his pension slumped nearly 50% in the first year.
European equity fund flows collapse
Investors have paused their aggressive buying of European equities. Net inflows recorded the steepest monthly drop since January 2016, falling to just €533m (£468m, $630m) in August, according to Morningstar data. Is the strong euro to blame?
Tax & Regulation | news 27 Sep 17
Investment managers optimistic ahead of Mifid II
After a drop off in sentiment in the previous three months, asset and wealth managers in the UK are more optimistic about their overall business situation, according to the latest CBI/PwC Financial Services Survey.
Tax & Regulation | news 27 Sep 17
Adviser group targets data regs ignorance
Some of the UK’s largest advice firms and networks representing around 2,000 businesses have joined forces with software specialist Intelliflo to form a group aimed at addressing a “significant lack of understanding” of EU data rules.
Multi Asset | news 27 Sep 17
Personal finance author launches fund
The author of a popular personal finance book has launched a multi-asset fund.