‘Dangerous’ ETF boom at root of next crisis
“The world has gone mad” Baillie Gifford’s Charles Plowden has said, comparing the boom in exchange-traded funds (ETFs) to the hysteria that led to the global financial crisis.
Regions
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Ex-SJP adviser jailed for gambling away £850k of client money
An appointed representative of St James’s Place has been jailed for 40 months after being found guilty of stealing and losing £844,010 ($1.1m, €940,707) from eight clients over a period of three years.
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HMRC sets out ‘opaque’ abusive tax scheme penalties
Advisers who enable abusive tax avoidance schemes face penalties that will take into account “relevant considerations”, draft guidance from HM Revenue & Customs revealed on Friday.
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Franklin Templeton boosts LibertyShares ETF range
Franklin Templeton Investments has launched a smart beta emerging markets exchange traded fund, which aims to provide higher-risk adjusted returns and lower volatility than the MSCI Emerging Markets Index.
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Future Advisory Forum Singapore 2017
IA presents video highlights from the event, which was held on 12 October at the Marina Mandarin Hotel in Singapore.
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Hong Kong advisers braced for more change
Two-thirds of advisers in Hong Kong believe the region’s newest regulatory body, the Insurance Authority, will have a moderate to considerable impact on their businesses, while all expect further regulatory changes to hit their businesses in the next year.
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Four key findings of the FCA Financial Lives Survey 2017
The FCA recently published its results of the Financial Lives Survey 2017. It hopes the data collected will help in the understanding of consumer needs and identify where they might be experiencing harm.
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Investment fraudsters targeted in police raids
The City of London Police raided 20 offices with the help of the Financial Conduct Authority and HM Revenue & Customs in a day of action on Tuesday to gather intelligence on different types of investment fraud.
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New tax register ‘burdensome’ for beneficiaries
Beneficiaries who fail to comply with the UK’s new Beneficial Trust Register may face fines and prosecution, warns accounting, tax and advisory practice Blick Rothenberg.
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Woodford buys media giant
Neil Woodford has added UK media giant ITV to his income focus fund claiming its current value is an “attractive entry point”.
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The Fry Group unveils global multi-wrapper platform
International financial adviser The Fry Group has joined forces with the UK platform Nucleus and fintech firm Independent Strategic Group (ISG) to create a global multi-currency and wrapper platform in key expat markets around the world.
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European recovery not a blip
Most European buy-side investors have had a positive macroeconomic outlook for three quarters in a row now, according to data from International Adviser’s sister title, Expert Investor.