News
Emerging Markets | news 21 Jul 16
StanChart sees EM currency slide coming
Standard Chartered Bank has revised its forecast for the renminbi following Brexit, and now expects the currency to devalue further this year.
European investors backed the wrong horse
The past 12 months haven’t been a great time for equity investors. Only US equities delivered a positive return during the period, albeit a modest one. A year ago, few European investors were betting on this asset class to do well though.
Tax & Regulation | news 20 Jul 16
New FCA chief unconvinced FAMR recommendations will work
UK Financial Conduct Authority chief executive Andrew Bailey has admitted to the government’s Treasury Select Committee that proposals made by the Financial Advice Market Review may not solve the advice gap, which was in part created by the Retail Distribution Review.
Best Practice | news 20 Jul 16
South African regulator confirms RDR shelved until next year
South African regulator, the Financial Services Board (FSB), has confirmed that the first phase of the upcoming Retail Distribution Review (RDR), due to be implemented this month, has now been postponed until next year.
Tax & Regulation | news 20 Jul 16
UK should apply brakes on further tax reform, OMW says
Old Mutual Wealth is calling on the UK government to halt any further plans for pension reform despite a recent survey by the life insurer suggesting that changes to tax relief would not discourage retirement saving.