Chancellor George Osborne showed a steely determination to tackle some of the cosier aspects of the lives of the wealthy in this year’s Autumn Statement. Tax evasion, capital gains tax and second homes came under scrutiny in an otherwise relatively benign budget.
Two-fifths of UK wealth managers believe robo-advice offers the potential for greater efficiency and to attract new clients in the next five years, according to a survey from Vanguard.
ETF provider Source has appointed Legal & General Investment Management as manager for a new physical fund platform, Source Markets II Plc.
Markets responded positively to the release of the Federal Open Market Committee minutes, which showed a December rate rise is increasingly likely.
Walker Crips reported a five-fold rise in pre-tax profits for the six months to 30 September, in spite of a 30% increase in the Financial Services Compensation Scheme levy.
There have been relatively few reasons to hold gilts and other sovereign bonds in the current environment.
The FCA has published terms of reference for its asset management market study, focusing on industry competition, remuneration and the role of investment consultants.
The latest Henderson Global Dividend index shows an increasing polarisation between emerging and developed markets, reflecting in particular the contrasting fortunes of the US and China.
Fund managers have responded with equanimity to the UK CPI inflation figures released today, saying the underlying data does not suggest a deflationary scenario.
Canaccord Genuity sees a more challenging outlook for UK earnings and dividend growth in 2016, which could see the recent strength of UK equity income investment trusts wane.
Almost two thirds (61%) of advisers feel optimistic about the UK economy, and half believe the UK is the best investment prospect in Europe, according to the latest research from Cofunds.
Aberdeen Asset Management will announce job cuts at the end of the month, but these will not include front-end investment staff, according to weekend newspaper reports.
