Growing demand from independent financial advisers in markets where the use of provider commissions has declined is helping drive growth in the exchange traded funds market, according to Nick Blake, head of retail at Vanguard Investments UK.
The number of complaints made against the conduct of intermediaries who are licensed by Hong Kong’s Securities and Futures Commission (SFC) has more than doubled in a year, the latest figures reveal.
Chris Groves and Sophie Dworetzsky from international law firm Withers outline six of their expectations for July’s Budget.
Keith Skeoch, head of Standard Life Investments will replace David Nish as chief executive of the broader Standard Life business from 5 August.
A review of the impact of mutual fund compensation schemes on financial advice and outcomes conducted on behalf of Canadian regulators has found there was enough evidence to justify the development of new payment policies.
The vast majority of pension fraud cases reported in the UK last year were linked to fake pension liberation schemes, new figures reveal.
The Association of British Insurers (ABI) has criticised the UK Government’s handling of the new pension freedoms after chancellor George Osborne announced his plan to conduct a consultation on “excessive” exit fees.
Multinational financial services firm, Legal & General, is planning to restructure the company in a bid to improve the efficiency of the business.
The British Government has announced plans to strengthen the ability of savers to access their pension pots and tackle any unjustifiable exit fees thrown up by pension providers.
The Association of the Luxembourg Fund Industry (ALFI) has appointed Denise Voss of Franklin Templeton Investments as its chairman with immediate effect.
Thousands of UK savers have collectively withdrawn more than £1bn from their pension pots after new freedoms were introduced in April.
Advisers have been “strongly advised” to exercise caution around QROPS transfers until HMRC lifts its suspension of the overseas pensions list, with the Revenue suggesting that schemes will be missing upon its return.
