Cash ISAs booming with £4.2bn inflow as government weighs reform
Deposits in banks and building societies rose by £7.4 bn
News
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PEOPLE MOVES: Clifton Group, Artemis, Fladgate LLP, Aberdeen
SIPP specialist names new managing director
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US economy contracts 0.3% as companies race to beat tariffs
Annualised 0.3% fall was largely attributed to companies building inventory ahead of the 2 April tariffs announcement
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Rathbones’ Coombs: ‘We won’t be following the ‘hot’ investment flows into Europe’
Sceptical of shift some investors have made away from US assets
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FCA AI service will ‘enhance client trust’ in the technology
A regulated testing service will provide a ‘safety net’
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FE fundinfo acquires AI platform Lunar AI
The deal will strengthen FE fundinfo’s Nexus platform
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FCA cans rollout of SDR for model portfolio service providers
Despite ‘broad support’ for the move
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Future Growth Capital launches global and UK LTAFs
Collaboration between Schroders and Phoenix Group
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FCA to launch AI testing service
Open to feedback on the plans until 10 June
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BlackRock: 70% of wealth investors to hold up to a fifth in private assets by 2030
‘The era of no allocation to private markets will come to an end’ as wealth investors up their exposure over the next five years
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Only one in three advisers view in-person new client meetings as essential
22% of clients live more than an hour away from their adviser
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FTSE 250 recovers from Liberation day sell-off
But further market turbulence remains likely