ANALYSIS: Hard truths of a hard Brexit – you could foot the bill
Asset manager BlueBay has hit the headlines for shorting sterling on predictions of a likely ‘hard’ Brexit, but as an industry are we still burying our heads in the sand?
Brexit
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Standard Life sets sight on Dublin for EU hub
Edinburgh-headquartered Standard Life is expected to choose Dublin as the centre for its European Union operations after the UK government completes the two years of Brexit negotiations.
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Gibraltar planning for ‘hard Brexit’ end to EU market access
Gibraltar is preparing for a post-Brexit scenario where firms will no longer have access to the European Union single market, focusing instead on maintaining a preferential relationship with Britain, a top government official has revealed.
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Spain targets Gibraltar’s ‘privileged’ tax haven status
Spain will target what it considers to be Gibraltar’s “unjustifiable privileges” on tax in Brexit negotiations, a leaked government report has revealed.
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Portugal a ‘dark horse’ for IFAs but avoid France
Advisers looking to set up in Europe should avoid France and consider Portugal, a panel of industry experts said at International Adviser’s London event on Wednesday.
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ANALYSIS: Does snap election signal time to cut UK equities?
The murky state of UK politics is cementing wealth manager and asset allocator aversion to the domestic equity market with exposures continuing to shrink.
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Standard Life considering Dublin move post-Brexit
Insurance and investment giant Standard Life is considering moving its European hub to Dublin as it prepares for the UK to pull out of the EU single market, the firm’s chairman Gerry Grimstone has said.
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Spain bemused by UK’s ‘war talk’ in Brexit row over Gibraltar
Spain has accused UK government officials of “losing their cool” in a row with the European Union over the future of Gibraltar post-Brexit.
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Asset managers turn sour on Anglo-Saxon equities
With Theresa May formally triggering the start of the process that will take the UK out of the European Union, UK equity sentiment hit another record low. Return expectations for US equities also fell into negative territory.
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Brexit prompts nearly £1m financial services review on Jersey
The government of Jersey is to spend £900,000 ($1.1m, €1m) on another strategic review of the island’s financial services industry, to analyse the implications of Brexit and the effect of digital disruption.
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Markets shrug off May’s Article 50 notification – are they right?
UK prime minister Theresa May picked an early fight with EU leaders in her letter formally triggering the UK’s Brexit process though bond, equity and currency markets hardly responded. But perhaps they should have.
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Call made for Brits to remain European citizens post-Brexit
Article 50 has now been triggered, and the UK will leave the European Union in two years time. But Brexit shouldn’t result in UK citizens losing their European citizenship against their will, said the European Parliament’s chief Brexit negotiator Guy Verhofstadt.