FCA drops Mifid II bombshell on brokers
Mifid II rules on payment for research could extend to sales and trading roles, the Financial Conduct Authority (FCA) has warned.
Research
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SEC clears path to US research post-Mifid
The Securities and Exchange Commission (SEC) has announced that UK investment firms will be able to temporarily access research from the US post-Mifid II.
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Is your DFM offering value for money?
Investors can assess whether a DFM offers value for money by unbundling the DFM’s service into admin costs, market access costs and applied research, and allocating a “reasonable cost to each”, a consultancy claims.
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LSE questions family office role in shielding elite wealth
The rise of “mysterious” family offices and their “shadowy” role in helping ultra-high net worth families protect their wealth “demands scrutiny”, research from the London School of Economics (LSE) has found.
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Morningstar fund ratings available to individual investors
Morningstar has opened its new sustainability ratings for funds across its North American and European websites to individual investors around the world.
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Consumer cost expectations for advice are ‘unrealistic’
UK consumers have unrealistic expectations about the price they can expect to pay for financial advice, according to new research.
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Hong Kong hedge FUM reach record levels
hedge funds under management in Hong Kong reached a record high in September 2014, according to new research published by the region’s Securities and Futures Commission (SFC).
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Global growth concerns soar among ME advisers
Financial advisers in the Middle East are significantly more worried about economic growth than they were a year ago, according to research from Invesco Asset Management.
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FCA ramps up inquiries by 20 per cent
The UK’s financial watchdog carried out 20% more investigations last year, however, the number of inquiries being closed without reaching a public outcome has doubled in three years.
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Reforms lead UK clients to prioritise
Next years pension reforms have led UK clients to prioritise the importance of their retirement planning, says Canada Life.
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half of ifas to reject closed end funds
More than half of discretionary fund managers will be placing business into investment trusts in the next six months, while almost half of financial advisers will reject the closed-end structure.