News
European equities – still in strong demand, but for how long?
They have been the most popular asset class since the final quarter of 2014, but for how long will the European equity mania continue? Saturation is setting in slowly, but at the same time it seems investors are seeing few alternatives to the asset class yet.
Tax & Regulation | news 19 Jan 16
UK government moves to cap early exit pension charges
UK chancellor George Osborne has announced plans to introduce legislation to give the Financial Conduct Authority (FCA) the power to cap excessive early exit charges for those eligible to access their pension pots under the new pension freedoms.
Tax & Regulation | news 19 Jan 16
Authorised UK firms hit with £363m FSCS levy
Firms authorised by the UK’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) will have to collectively pay £363m ($518m, €475m) to fund the Financial Services Compensation Scheme (FSCS) in 2016/17, an increase of 13.1% from £319m in 2015/16.
People Moves | news 19 Jan 16
PEOPLE MOVES: Prudential, HSBC GAM, JP Morgan AM…
Some of the biggest firms in the finance industry announced significant people moves this week; with Prudential naming a chief executive, HSBC GAM making two chief executive appointments in Asia, and JP Morgan promoting a new head of retail in China.
Alternatives | news 19 Jan 16
Close Brothers AM sees record inflows into IHT service
UK wealth manager Close Brothers Asset Management (CBAM) said its Close Inheritance Tax Service (CITS), which can help investors reduce death duties, had raised a record £45m ($64m, €59m) in 2015.