Columbia Threadneedle Investments will launch 13 Sicav versions of Oeics ahead of the UK’s exit from the European Union as the asset manager prepares to switch EU-based investors out of its UK-domiciled range into Luxembourg-domiciled alternatives.
Financial Conduct Authority chief executive Andrew Bailey has told the European Union to “get on with it” and reciprocate passporting for UK firms during the implementation period.
Brexit will not necessarily invalidate insurance linked contracts, according to Lombard International’s associate director of wealth structuring solutions.
The Financial Conduct Authority (FCA) says its next annual budget and business plan will make explicit the costs associated to Brexit that it will have to absorb, news that will likely be welcomed by the financial services industry.
News that passporting will continue during the Brexit transition period has been welcomed by the founder of a Belgium-based advice firm who has also backed the FCA chief’s calls for the agreement to continue after the UK leaves the EU.
A clear majority of investment professionals in the European Union outside the UK believe investment returns in the UK will suffer because of Brexit, according to CFA Institute research.
Insurers have a duty to inform customers of the progress of Brexit the UK regulator has warned.
A leading UK adviser trade association has warned the Brexit transition period of 21 months is an insufficient amount of time for a comprehensive deal to be struck.
Brexit poses a significant threat to financial services in Gibraltar but re-domiciling to the Spanish side of the border could spare the sector.
John Griffiths-Jones used his last speech as chairman of the Financial Conduct Authority to warn over the dangers of cryptocurrencies, outline the regulator’s role in Brexit and criticise the financial legal system.
Global asset manager Aberdeen Standard Investments (ASI) is to establish an investment and distribution business in Ireland to complement its existing Luxembourg operation and shore up its European offering ahead of Brexit.
Five British nationals living in the Netherlands have won the right to have their case to retain EU citizenship after Brexit passed to the European Court of Justice (ECJ).
