Improved retail investor access to European long-term funds
‘The revised framework has the potential to transform ELTIFs into a product of choice’ says EFAMA
EFAMA
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PEOPLE MOVES: Lloyds, Quilter, C Hoare & Co
Banking group names COO, while managing director of UK distribution leaves platform
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Extend Priips rules roll out, EU trade body demands
‘Flawed review process’ not tackling ‘the heart of the issue’
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PEOPLE MOVES: River and Mercantile, IOOF, Stonehage Fleming
Changes at the top for the UK asset manager and Aussie financial adviser
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PEOPLE MOVES: Aberdeen Standard Investments, IA, Efama
ASI creates head of global insurance asset management role, while trade bodies Efama and the IA make changes at the top
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European fund flows plunge in June as investors shun risk
Japanese and European equity funds lead sell-off as investors avoid riskier assets, although US equity funds buck the trend
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Advisers join asset manager KID reform push
International advisers have joined European fund managers in a call to reform key information documents for packaged retail and insurance-based investment products – six months into implementation.
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More rules will hit cross-border distribution, warns Efama
Changes to the legislative framework for investment funds could create an additional barrier to cross-border fund distribution, the European Fund and Asset Management Association (Efama) has warned.
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Leading industry authority warns Priips rules misleading
The European Fund and Asset Management Association (Efama) is urging regulators to work with the industry to rectify “serious issues” in new rules, due to come in to force in January 2018, that are designed to enhance investors’ understanding of retail investment products.
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PEOPLE MOVES: JP Morgan AM, Prudential, Mirae Asset
Stephanie Flanders is to leave JP Morgan Asset Management, while Prudential has named a financial planning and strategy director for its advisory firm. Mirae Asset Global Investments has a new head of Nordic sales.
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Serious flaws in newly-published Priips rules says Efama
The European Union has finally published details of its key information document (Kid), which are part of the controversial Priips guidelines, despite continued criticism from various industry bodies.
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EU agrees to delay Priips until 2018
The European Commission (EC) has decided to delay the introduction of the controversial Priips regulation by one year.