News
Social impact investor surpasses £100m in capital raised
Capital raised by clients of UK-based social impact investment intermediary ClearySo surpassed £100m ($143.2m, €128.7m) this month, with £60m coming directly from the company’s network of institutional and high-net-worth individual investors.
Second property-backed Chinese asset manager defaults
Xin Qi, a Chinese asset management firm backed by property projects, has defaulted on CNY1.9bn (£203m, $291m, €261m) worth of investments, affecting thousands of retail investors across mainland China.
Standard Life posts jump in offshore bond sales
Standard Life increased offshore bond assets on its wrap platform by 23% last year although operating profits from its European business, which includes the Dublin-based international bond business, declined.
Malta’s Merill launches total return income fund
Merill Sicav, a Malta-based multi-fund investment company, has launched its first sub-fund, called the Merill Total Return Income Fund, aimed at both retail and institutional investors.
Tax & Regulation | news 19 Feb 16
FCA calls for advisers to be more diligent
Many financial advisers are not doing enough to “challenge the status quo” around the products and services they offer to clients, according to the Financial Conduct Authority.