German Investment Funds Association has stated that it wants ‘unhindered access’ to the investment services provided by the City of London after the UK leaves the EU. Separately, the French financial regulator has said it will not seek changes to...
Virgin Money is planning to overhaul its controversial £2.7bn tracker fund, which charges investors 17 times the fees of comparable alternatives. An announcement on the changes will be made after the recently announced joint venture with Aberdeen Standard Investments...
Funding Circle has reportedly lined up Morgan Stanley to prepare it for an IPO during the second half of 2018, which is expected to value the business at £1.5bn Lloyds Banking Group and Scottish Widows have ended their asset management agreement with Standard Life...
Barclays customers have been blocked from monitoring their investments and managing their money for months because of delays with the bank’s new Smart Investor service. Barclays initially dismissed the problems as teething issues, but, six months later, investors are...
UBS has announced that it is merging its two main wealth management businesses. The bank’s American wealth management business will be merged with its international wealth management division with effect from 1 February 2018 Scalable Capital has started offering...
JPMorgan Asset Management has hired three ETF distribution and product specialists as it continues its push into passive investments in Europe. Olivier Paquier, Ivan Durdevic and John Harrington will be based in London Netwealth has posted a £3.1m loss in accounts...
