Vanguard unveils UK D2C platform with 0.15% fee
Vanguard’s launch of a new investment service in the UK market signals a “pivotal moment” in the push for lower charges across the asset management industry.
News
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China sets up fund industry courtroom
China has created the country’s first court which will specialise in judging cases involving the fund industry in a bid to increase regulatory scrutiny of the financial services sector.
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Advisers are backing UK equities, says Aegon
A new poll from Aegon UK highlights that a significant portion of UK advisers are riding on UK equities to provide the best return for clients ahead of the snap election.
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Investors dump US equities, buy Europe, says Lipper
US equity ETFs saw net outflows of €1.3bn ($1.4bn, £1.1bn) in April, in a sharp reversal from the previous month when it was the best-selling asset class overall, Lipper reported. European equity ETFs, by contrast, enjoyed huge inflows on the back of macro(n)economic optimism.
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UK pension fraud hits record high
Twenty-four victims of pension fraud lost a record £8.6m ($11.1m, €10.1m) in March 2017, a 10-fold increase from the previous month, figures from the City of London police reveal.
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Loyalty to colleagues greater than to firm, says ethical survey
Loyalty to colleagues rather than the firm takes the upper hand, according to a survey into ethical behaviour in the UK workplace released by the Chartered Institute for Securities & Investment (Cisi).
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Gibraltar firm fined and directors banned over pension schemes
A Gibraltar financial services firm with links to the Panama Papers has been fined and had two of its directors banned for providing trustee services to pension schemes despite having been denied permission to do so by the regulator.
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SMP Partners buys Royal Bank of Canada offices in Caribbean
Isle of Man headquartered SMP Partners Group has acquired offices in the Cayman Islands and Barbados following completion of its purchase of Royal Bank of Canada’s trust, fund administration and custodian business in the Caribbean.
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Ex-deVere South Africa manager wins court payout
A sacked area manager of deVere Investments South Africa who faced off against group chief executive Nigel Green in court has been awarded a ZAR3.7m (£217,380, $276,020, €252,420) payout.
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EdenTree’s Hepworth ‘going against the herd’ on value
The “Trump bump” may have slumped in 2017, but EdenTree Investment Management’s chief investment officer Robin Hepworth argues the value trade is for the long haul.
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Ohanessian reinstated as Praemium chief exec after board purge
Michael Ohanessian has been reappointed chief executive of Australia-based platform provider Praemium following a shareholder vote to remove the chairman and three directors last week.
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Europe’s energy sector too cheap to ignore
The recent oil price retreat is just noise, and large cap energy company valuations are at historical lows, according to Toby Gibb, Fidelity International’s investment director of European equities.