News
Investment | news 29 Jul 16
M&G and Aberdeen still in the doghouse
Tilney Bestinvest’s “Spot the Dog” report names M&G Investments as the firm with the highest number of assets in underperforming funds and Aberdeen Asset Management as the fund house with the most ‘dog funds’.
Platforms’ role to grow as client data becomes increasingly crucial
The visibility of data to which platforms have access is going to become increasingly valuable says Barry Neilson, business development director at Nucleus.
Axa Insurance Ireland fined for adviser competency breaches
The Central Bank of Ireland has fined Axa Insurance €675,000 (£567,263, $747,860) for failing to ensure that staff members advising on retail products were appropriately supervised.
Tax & Regulation | news 29 Jul 16
UK reports record £5bn in IHT as Prudential spots advice ‘boom’
The British tax office has set a new record by raising nearly £5bn ($6.6bn, €5.9bn) in inheritance tax (IHT), according to the latest figures from HM Revenue and Customs (HMRC).
Markets flat as Japan leaves helicopters grounded
Markets were largely flat on Friday as investors digested the news that Japan has decided not to launch the ‘helicopter money’ that some see as the answer to its economic struggles.