News
Investment | news 5 Oct 16
BlackRock cuts ETF prices ahead of US RDR-style rules
BlackRock, the world’s biggest asset manager, is cutting prices across its core ETFs ahead of a new US rule that will require financial advisers to put clients’ best interests ahead of their own profits.
Investment | news 5 Oct 16
Rathbones duo remain bullish on US
David Coombs, head of multi-asset investments at Rathbones and senior research analyst Mona Shah have co-authored a report making the case for US equities versus their European counterparts.
FCA fines Aviva £8.2m over wrap platform failings
Aviva has been fined £8.2m ($10.4m, €9.3m) by the Financial Conduct Authority (FCA) for failing to monitor outsourced client assets on its wrap platform.
Australia to allow 60% commissions on life insurance products
Australia’s government has confirmed it will allow life insurance brokers to pocket commissions as high as 60%, after resisting calls for them to be banned altogether.
Tax & Regulation | news 4 Oct 16
Former US broker charged with fraud over £3.2m mutual fund scam
The US Securities and Exchange Commission (SEC) has charged a former broker with running a fraudulent mutual fund scheme.