News
United Kingdom | news 24 Mar 15
Extradited IFA pleads guilty to Ponzi scam
A British-based financial adviser, who fled to Malaysia after his company collapsed, has confessed to setting up a Ponzi scheme which inflicted millions of pounds in losses on investors.
Luxembourg assets under management hit
Assets under management of Luxembourg-domiciled funds reached 3.4trn at the end of February after strong net sales in the first two months of 2015, the Association of the Luxembourg Fund Industry (ALFI) announced at its Spring conference.
Investment | news 24 Mar 15
Advisers lose faith in global and local economies
Advisers across the world have lost confidence in the global economy and the local economy in which they operate, a survey by Old Mutual International has revealed.
United Kingdom | news 24 Mar 15
Asset managers should expect increased scrutiny
Suitability standards in the asset management industry are set to come under Financial Conduct Authority scrutiny in 2015/16, the regulator said in its business plan for the period.
Some like it hot Asset allocator with
Birmingham-based family business Margetts Fund Management was one of the pioneers of risk-rated funds back in the 1990s. This came about after Toby Ricketts father, Tim, had left his job in the 1980s with Equitable Life to set up an IFA joint venture with a stockbroking firm, and in 1992 found the need to put together a portfolio of collective investments that included both overseas and UK exposure.