Asia-based fund groups struggle in Europe
Asian asset managers find European expansion challenging in the face of intense competition
Industry
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Blackrock launches absolute return fund for disruptors
Dan Whitestone launches Ucits alternative to his Cayman Islands hedge fund
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PI woes predicted for small adviser firms after FOS award hike
Pimfa warns that move could act as a barrier to entry for smaller IFAs and widen the advice gap
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FCA to hike maximum ombudsman compensation to £350,000
Under the current limit, complainants suffer an aggregate financial harm of £113m per year
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Industry groups combine to build faster pension transfer framework
Consumers to benefit from better communication, common standards and greater transparency
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A new breed of paraplanner?
Paraplanners have become indispensable, say advisers, with their role set to expand further
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Blackrock equity index funds see $30bn of outflows
Total assets under management grew 8% year-on-year ahead of £30bn Lloyds mandate
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Mercer adds trans healthcare benefits to UK PMI plan
Benefit will cover consultations, diagnosis, mental health and surgical treatment
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Tax pensions on death to make Budget add up, IFS tells gov’t
IFS suggests radical set of tax rises on wealthy retired to make UK tax system more efficient
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PEOPLE MOVES: Prudential, AllianceBernstein, 7IM
Barry Stowe retires as chairman and chief executive of the Pru’s North American division
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Intrinsic funds 58-week adviser training course
Students expected to stay as restricted advisers with Intrinsic for two years after qualifying
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Pension freedoms could bring in £19.2bn of tax in next decade
Surging drawdowns may reduce overall tax take