Asset Managers Financial News

10.10 / 17:23

regulation companies Financial Services Wealth managers Asset Managers Fund managers Link Fund Solutions hearing Link Fund Solutions first court hearing extended as parties clash over class meetings

One of the key issues raised on behalf of retail investors was the potential for FSCS compensation, which would not be available to institutions or intermediaries.

09.02 / 20:30

regulation Financial Services listings Asset Managers shareholders Global investors warn FCA's listings reform will regress shareholder protections

Some of the signatories to the ICGN letter included Allianz GI, AXA IM, Baillie Gifford, Columbia Threadneedle Investments, Impax AM, Jupiter, Newton IM, Robeco and Scottish Widows.

24.01 / 17:19

Jefferies companies Moody's Abrdn Asset Managers Experts divided on abrdn takeover risk as Bird doubles down on cost-cutting

'For fund buyers the most important aspects are the strength and stability of the business and the consistency of the team and process.'

24.01 / 08:59

companies Abrdn Asset Managers abrdn launches 'transformative' £150m cost cutting programme with 2025 deadline

Stephen Bird (pictured), abrdn CEO announced the firm would be embarking on a “transformation programme”, targeting a £150m reduction by 2025.

11.01 / 11:47

ESG Asset Managers JPMorgan Asset Management asset manager Top asset manager backing for shareholder ESG resolutions crashes in 2023

Votes from major asset managers in support of social resolutions also declined significantly last year to just 4%, down from 15% the previous year | Credit: iStock

22.12 / 19:35

regulation Financial Services Wealth managers ESG European Commission Asset Managers Fund managers EFAMA calls for major reforms to SFDR labelling regime

The industry group praised the transparency introduced by SFDR, but said the de facto labelling regime had 'stretched it beyond its original intentions and not always been helpful'.

18.12 / 12:54

Invesco BlackRock People moves Asset Managers Nomura AM Invesco poaches UK head of ETF asset managers from BlackRock

Prior to joining Invesco, Joe Bello (pictured) worked at Blackrock iShares, where he led the ETF and indexed investments sales team focusing on UK asset managers.

06.12 / 12:17

Government regulation Financial Services Wealth managers financial conduct authority FCA Asset Managers money market FCA sets out proposals to increase liquidity requirements for money market funds

In the consultation, the FCA said it would be significantly increasing the minimum proportion of highly liquid assets that MMFs have to hold.

05.12 / 14:51

companies equity Asset Managers fixed income multi-asset Premier Miton Premier Miton takes 60% profit hit as net outflows climb to £1.1bn

Mike O'Shea (pictured) is Premier Miton's chief executive officer.

04.12 / 15:32

regulation Asset Managers Consumer Duty FSCS consultation FCA opens consultation on Overseas Funds Regime

The OFR consultation will be open for feedback until 12 February 2024.

01.12 / 13:23

regulation European Union Derivatives Asset Managers Fund managers Fine Central Bank of Ireland imposes its first ever fine on an investment fund

The ICAV has admitted it failed to report 200,640 derivative trades entered into between January 2018 and May 2020 by one of its sub-funds to a trade repository.

29.11 / 09:38

regulation Financial Services Wealth managers Asset Managers Fund managers FCA proposes 'polluter pays' investment advice redress framework

The FCA said the proposals mean firms will be required to set aside capital so that they can cover compensation costs and 'ensuring the polluter pays when consumers are harmed'.

28.11 / 19:55

regulation Financial Services ESG FCA Asset Managers SDR FCA 'closes loopholes' with introduction of fourth label under SDR but further clarification needed

The rules provide a degree of flexibility for asset managers, which means 'firms will need to make their own judgements about labels, disclosures and data, and anticipate end-consumer outcomes – all of which come with their own challenges'.

28.11 / 14:19

regulation Financial Services financial conduct authority ESG FCA Asset Managers greenwashing strategies FCA unveils final SDR rules including fourth 'Mixed Goals' label for 'blended strategies'

Following feedback, the FCA has also removed the word 'sustainable' from the labels and replaced it with 'sustainability', to reflect how some funds are 'on a journey to becoming sustainable'.

22.11 / 16:29

regulation Financial Services Wealth managers financial conduct authority FCA Asset Managers Draft regulations offer FCA powers to restrict short selling in 'exceptional circumstances'

The regulator must post a notice explaining why the measure has been taken, a duration of impact and regularly review the prohibition or restriction.

22.11 / 08:39

ESG Asset Managers ESG Trends Asset managers slow hiring of stewardship and engagement staff

The study also found that some 45% of managers have no staff at all dedicated to stewardship and engagement.

02.11 / 12:53

regulation Financial Services Wealth managers ESG Asset Managers Fund managers ESG Trends Industry bodies agree standardised responsible investment definitions

The guidance is intended as a resource for investors, regulators, policymakers, and market participants, offering clear definitions for responsible investment approaches rather than criteria for product labelling or categorisation.

23.10 / 19:29

regulation companies financial conduct authority Asset Managers Vanguard UCITS Vanguard accused of breaching UK asset concentration limits - reports

The group’s £40bn LifeStrategy range seems to have breached the Financial Conduct Authority’s asset concentration limits, which allow UCITS funds to own up to 25% of the units of another vehicle that is registered as a collective investment scheme.

23.10 / 11:17

regulation Financial Services Wealth managers financial conduct authority FCA Asset Managers Fund managers Registration to vote on Link Fund Solutions' Woodford scheme of arrangement opens

The result of the vote will be announced no later than 5pm on 15 December 2023, according to LFS.

21.09 / 07:47

regulation SEC ESG Unit trusts/OEICs Asset Managers greenwashing Labelling US SEC unveils ESG labelling rules for mutual funds

The amendment has updated the ‘names rule’ under the Investment Company Act to ensure the name of a fund 'adequately and accurately represents the investment strategy of the fund'.

19.09 / 08:43

ESG Risk Management Asset Managers Asset managers to begin reporting on nature-related risks

The 14 recommendations span four main areas: governance, strategy, risk and impact management, and metrics and targets.

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