The clock is ticking for the January 3, 2018, introduction of MiFID II – the revised Markets in Financial Instruments Directive – and the UK’s trade body for pension schemes has issued a guide for members.
- Fe awards
Transfer agents were unable to increase their automation rates for cross-border fund orders during a recent period of record sales, though they maintained a high level of automation in line with industry targets.
Whether viewed as cappuccino-buying money wasters or cash-strapped buyers of iPhones, millennials often stand accused of not saving enough money.
BlackRock has launched an emerging markets short duration bond fund, saying that investors were seeking asset classes with a higher return potential but aiming to mitigate interest-rate risk.
Coutts, the UK’s most exclusive private bank which counts the royal family amongst its clients, has warned that electronic currencies like bitcoin “have nothing but sentiment backing them up” and could be part of a tech bubble that will eventually burst.
The UK government has moved to strengthen the country’s asset management industry by creating centres of excellence and involving more fintech.