HSBC sees profits slide after shedding Brazil business
HSBC reported an 86% decline in Q3 profits having sold its Brazilian business, changed its credit spread, and faced a strengthening US dollar.
HSBC reported an 86% decline in Q3 profits having sold its Brazilian business, changed its credit spread, and faced a strengthening US dollar.
UK investment house Royal London Asset Management (RLAM) has announced that total funds under management by the group has exceeded £100bn for the first time.
The UK’s Chartered Insurance Institute (CII) has launched a new pension transfers qualification to support those seeking to provide specialist advice, both domestically and internationally.
In a blow to the government’s ‘Brexit means Brexit’ rhetoric, the UK high court has ruled that Parliament must vote on whether or not to trigger Article 50 of the Lisbon Treaty.
Mark Lyttleton, a former fund manager at BlackRock, pleaded guilty on Wednesday to two counts of insider trading and will be sentenced on 21 December, the Financial Conduct Authority has confirmed.
Brexit-fuelled sterling weakness will push consumer price inflation toward 4% in the middle of next year, the National Institute of Economic and Social Research said on Wednesday.
The UK is expected to adopt an all or nothing approach on upcoming changes to the 5% tax free withdrawal from offshore bonds, Canada Life International’s technical manager Neil Jones has revealed.
Robo-advice will not kill off financial advisers but will instead help them cater to less profitable clients, according to chief executive of digital investment manager Moo.la, Gemma Godfrey.
Six of the eight men found guilty last year of a UK property fund scam, which defrauded investors of around £4.3m ($5.24m, €4.78m), have been banned by the Financial Conduct Authority (FCA) from performing any function in relation to any regulated activity in the industry.
Consolidation among small IFA firms is expected to increase over the next two years, according to a survey by Investec Wealth & Investment.
The volatility of the pound has seen a significant uptick in people seeking advice on moving British pensions abroad, which could see hundreds of millions of pounds driven overseas, says deVere Group chief executive Nigel Green.
Online investment platform Nutmeg has confirmed that it is in the testing stages of launching its automated advice service.