News
South Africa sets out commission ban under RDR
South African regulator, the Financial Services Board (FSB), has revealed details on how it will implement a cap on commission payments as part of the country’s Retail Distribution Review (RDR).
EU regulators under fire as email of ex-UK rep revealed
The widespread distribution models in many European countries are not understood properly by the European Securities & Markets Authority (Esma), making parts of its new product governance rules “unworkable” for financial advisers, according to Fecif’s secretary general Paul Stanfield.
Embark’s Adviser Centre snaps up research firm
UK online investment intelligence service, the Adviser Centre, has announced its acquisition of research group Scopic Research amid efforts to increase its presence in the UK IFA and wealth management space.
Boss of £23m biofuel scam jailed for eight years in Cambodia
The chairman of a collapsed biofuel investment scheme has been convicted of fraud and sentenced to eight years in prison by a Cambodian court.
Korea’s political turmoil makes managers wary of equities
Political scandals, corporate governance issues and the potential impact of Donald Trump’s trade policies prompt caution on Korean equities.