The UK’s Financial Conduct Authority (FCA) has proposed several measures to improve competition in the £500bn investment platform sector, stating that the existing competition in …
Market volatility adversely impacts asset managers’ AUM
Cumulative assets under management (AUM) for a composite group of 15 asset managers totalled $12.56 trillion at the end of the first quarter of 2018, …
DoJ launches new anti-fraud task force
The US Department of Justice (DoJ) has created a new task force, which will develop guidance for investigations of consumer fraud including financial crimes. Among …
Jersey’s finance sector continues its downward trend
The gross value added (GVA) of the financial services sector in the island of Jersey slid 2% in real terms in 2017 compared with 2016, …
FCA proposes new financial services directory
The UK’s Financial Conduct Authority (FCA) is consulting on a new directory to check the status of senior managers and people in consumer-facing roles in …
Australia approves fund passport bill to tap Asian markets
The Australian parliament has passed the Asia Region Funds Passport (ARFP) bill, which will enable Australian funds to access the Asian markets under a funds …
Competing priorities hit HNWIs’ goals: U.S. Trust
Lack of planning and competing priorities stop wealthy individuals from putting their wealth into action, according to a survey by U.S. Trust. Of the HNWs …
Global investment fund assets dip in Q1: EFAMA
Investment fund assets across the globe dropped 1.3% to €44 trn at the end of the first quarter of 2018, according to the European Fund …
Majority of UK adults distrusting of financial advisers: FCA
Only 39% of adults in the UK trust financial advisers to act in the best interest of their clients, according to a survey by the …
Global HNWI wealth crosses $70trn mark for first time: Capgemini
The combined wealth of HNWIs across the globe grew for the sixth consecutive year and exceeded the $70 trillion mark for the first time in …