Investment | 28 Jun 17
Investors hit by £27.7m extra costs in FCA plans
Investors could see fund costs soar by £27.7m a year as asset managers pass on the expensive burden of satisfying new FCA regulations.
Do expensive funds provide value for money?
When investors decide to buy a fund that charges higher-than-average fees, they presumably do so because they expect the manager to compensate for this by delivering outperformance.
Garry Heath’s Libertatem becomes latest Fecif member
UK trade association Libertatem has joined the European Federation of Financial Intermediaries and Financial Advisers (Fecif).
Football super-agent denies aiding tax evasion amid Falcao case
Jorge Mendes, a sports agent whose clients include Christiano Ronaldo and Fabio Coentrao, has denied helping footballers evade tax illegally by creating shell companies.
Adviser slams IoM regulator over Quadris Environmental fund
A Shanghai-based financial adviser has heavily criticised the Isle of Man Financial Services Authority (IoMFSA) over how it has handled the fallout of the Quadris Environmental Forestry Fund, which invested in Brazilian teak plantations.