PSigma Income manager Mott to retire at year end
PSigma Income Fund manager, Bill Mott will retire at year end to be replaced by Eric Moore.
Author: PA Adviser
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Carmignac slams MiFID over jeopardising
Edouard Carmignac has said the plans to ban rebates to independent financial advisers proposed in the Markets in Financial Instruments Directive (MiFID) will put Europes open architecture distribution model in serious jeopardy.
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GFSC commission secretary resigns
The Guernsey Financial Services Commission has suffered another blow with the resignation of its commission secretary.
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Skandia says property fund sales on the up
Skandia has said data from its investment solutions platform show a spike in property fund sales.
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fca recommends unbundling research
The Financial Conduct Authority has recommended sweeping structural changes to the type of research investment managers can pay for with dealing commissions.
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axa im hires head of asia pacific
AXA Investment Managers has hired Lion Global Investors’ chief investment officer Simon Flood as the head of Asia Pacific replacing Jean-Pierre Leoni.
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Asia exJapan mutual funds revenues flat cerulli
Revenues of Asia-ex Japan mutual funds have grown in 2013 despite having taken a hit over longer periods, finds a new report by Cerulli Associates.
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Tax avoiding celebs should
A senior accountant has said celebrities should consider their long term reputations when hiding their assets from HM Revenue & Customs, as a variety of popular figures are criticised for using controversial tax avoidance scheme Liberty.
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wma ceo tim may to step down
Tim May will step down as head of the Wealth Management Association later this year, after four years in the role.
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WMA doubts RDRs future in a MiFID worlsd
The Wealth Management Association (WMA) has cast further doubt on whether the UK’s Retail Distribution Review (RDR)and the upcoming Markets in Financial Directive (MiFID II) will be able to coexist, as it attempts to cope with the latter’s “horrendous” consultation period.
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hk fund management assets continue to rise
Hong Kong’s fund management business continued with its uptrend in 2013 with the combined assets at the end of the last year rising by nearly 27% over that of 2012.
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LG register SICAV funds for German
Legal & General Investment Managers has registered its SICAV funds for distribution in Germany for the first time.