ANALYSIS: Come what May, are the odds stacked against our new PM?
Market expectations are pricing in a 77% chance of a rate cut when the MPC meets on Thursday; there were similar odds on France beating Portugal in last Sunday’s Euro 2016 final.
UK Adviser
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UK regulator wades in to property fund suspensions
The Financial Conduct Authority (FCA) has reminded fund managers of their obligations to investors following the closure of a number of high profile property funds in the UK.
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M&G, Aviva join SLI in suspending UK property funds
Aviva Investors and M&G Investments have suspended trading in their UK property funds, a day after SLI took the same decision, making it three of Britain’s top five funds in the sector that have shut their doors since the Brexit vote.
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SLI suspends UK Real Estate Fund, property shares hit
Financial services giant Standard Life Investments (SLI) has suspended all trading in its UK Real Estate Fund following an increase in redemption requests, triggering share sales in property and asset management companies.
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Brexit betting odds: are they reliable?
Betting odds have emerged as a coveted predictor of the outcome of the UK’s EU referendum on June 23. But are they actually as reliable as some fund managers suggest? Nikko AM has its doubts.
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UK advisers working longer hours, charging £157 per hour
More than a quarter of UK financial advisers are working longer hours, charging an average hourly rate of £157 ($226, €199), according to research from British insurer Prudential.
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HMRC revenue from tax on ‘enveloped’ properties soars by 50%
The UK tax office has raised £174m ($255m, €220m) from a tax on British homes owned by companies, latest data from London and Geneva-based law firm Collyer Bristow suggests.
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Confidence in UK advisers rises 40% since RDR
Trust and confidence in financial advisers in the UK has risen by 40% since the introduction of the Retail Distribution Review (RDR), research from the Personal Finance Society (PFS) shows.
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Half of UK advisers offer clients 24hr portfolio access
Half of UK financial advisers now offer their clients 24-hour access to their investment portfolios, more than double the number that provided the same service last year, according to a new report by ratings and research agency Financial Express (FE).
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L&G buys £3bn UK annuity book from Aegon
Insurance giant Legal & General (L&G) has bought a £3bn ($4.3bn, €3.9bn) UK annuity portfolio from Dutch-headquartered life group Aegon.
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Singapore-UK in fintech cooperation
Singapore’s monetary authority and the UK’s Financial Conduct Authority have agreed to cooperate to promote cross-border financial technology development.
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UK launches website to trace £400m in unclaimed pensions
The UK’s Department for Work and Pensions (DWP) has launched a new pension tracing website to help savers track down lost or forgotten retirement pots.