Industry Financial News
13.02 / 13:59
25.01 / 19:43
UK
industry
Wealth managers
People moves
schroders
Business roles
Schroder UK Mid Cap manager Jean Roche joins Takeover Panel
Current members of the code committee include Capital Group global head of ESG Jessica Ground and Law Debenture chair Robert Hingley.
02.01 / 12:03
16.12 / 15:20
BlackRock
industry
Interactive Investor
Investor group issues 'urgent' call for asset managers to ramp up pass-through voting adoption
The letter highlights a concerning misalignment between the voting behaviours of asset managers and their clients’ investment principles.
05.12 / 09:31
industry
Diversity
inclusion
On the night gallery: Women in Investment Awards 2023
Now in their seventh year, the Investment Week Women in Investment Awards continue to have a vital role to play in helping accelerate the pace of change towards a more diverse and inclusive investment industry.
30.11 / 17:11
industry
Chancellor Jeremy Hunt
Former Labour chancellor Alistair Darling dies aged 70
Alistair Darling (pictured) during a speech at the Investment Week Funds To Watch event in November 2022.
24.11 / 14:05
industry
FCA
Woodford
FSCS
Harcus Parker urges Woodford investors to vote against 'bad deal'
'It is our view that the information supplied by Link and the Financial Conduct Authority has not been written in a way that easily reveals its meaning.'
23.11 / 15:38
industry
Autumn Statement 23
Harrington Review calls for 'fundamental shift' to close annual £50bn foreign direct investment gap
'We have heard time and again about government systems that are too often disorganised, risk-averse, siloed, and inflexible when it comes to the needs of modern investors.'
23.11 / 08:39
industry
FCA
Woodford
saga
Hundreds of investors call for probe into FCA's handling of Woodford saga - reports
Blackman accused the regulator of understating investor losses, misrepresenting the value of the redress scheme, acting inappropriately by endorsing the scheme and failing investors by not publishing its investigation into the fund and its former manager.
21.11 / 14:57
UK
industry
Pensions
HM Treasury
Chancellor Hunt to unveil 'pot for life' pension reforms
The reform comes as the government has been looking for a way to consolidate schemes and solve the challenge of small pots.
21.11 / 14:57
Funding
UK
industry
Chancellor of the Exchequer
pension
Chancellor Hunt earmarks £320m for funds backing UK innovation
Jeremy Hunt (pictured), Chancellor of the Exchequer Credit: UK Parliament
20.11 / 15:23
industry
Novia founder and former CEO Bill Vasilieff dies aged 68
Bill Vasilieff: 4 June 1995 — 19 November 2023
17.11 / 09:54
Blockchain
industry
jp morgan
Alternatives
Wealth Management
KKR
tokenisation
JP Morgan and Apollo unveil tokenisation project to expand access to private assets
This proof of concept, developed in collaboration with WisdomTree, is one of several industry pilots that are taking place under Project Guardian.
16.11 / 10:30
PwC
Climate change
industry
ESG
Global investors grow sceptical of corporate sustainability reporting
Greenwashing concerns may explain the support investors expressed for new disclosure requirements, PwC said.
14.11 / 10:09
BlackRock
FTX
industry
One year after FTX imploded, here's how crypto is changing
«The worst day of my career, and one of the worst days of my life — the day FTX froze withdrawals,» is how Travis Kling, who runs Ikigai Asset Management, described it in a series of tweets on Nov. 7. Four days later, Sam Bankman-Fried's exchange filed for bankruptcy, ushering in arguably the darkest days in crypto's history. «The first weeks were incredibly brutal. I didn't sleep much at all. Feelings of terror, guilt and shame. We laid off most of the team,» Kling wrote. A year on, the industry is irrevocably altered — while at the same time in many ways rem arkably familiar. Mostly gone are the giddy day traders and the abundant leverage that drove Bitcoin to its November 2021 high at close to $69,000. Same for celebrities and social-media influencers peddling nonfungible tokens and memecoins. Regulators determined not to get caught off guard again are tightening their grip. And large financial firms like BlackRock Inc. are moving in, drawn by the prospect of the US Securities and Exchange Commission giving its first blessing for an ETF investing directly in Bitcoin.
10.11 / 13:47
UBS
Bank of England
industry
Credit Suisse
bonds
TwentyFour AM: Importance of UBS deal for AT1 market 'cannot be overstated'
The instruments were sold in two tranches that could be redeemed in either five or ten years, with an initial price talk marketed at 10% for a five-year call and 10.125% for a 10-year call.
09.11 / 17:11
Sustainability
industry
ESG
week
Investment Week wins Publication of the Year at Aviva Investors Sustainability Media Awards 2023
(L-R) Investment Week's editorial team with Aviva Investors' Mark Versey, CEO and Steve Waygood, chief responsible investment officer
09.11 / 12:19
industry
FSCS
2024
FSCS warns industry levy set to rise to £415m for 2024/25
For 2023/24, total compensation was estimated at £435m and in 2024/25, the FSCS said it expected compensation to total about £457m.
09.11 / 12:19
UK
industry
AJ Bell
ISA
UK chancellor
reform
Chancellor could unveil major ISA reform in Autumn Statement - reports
Chancellor Jeremy Hunt (pictured) will deliver his Autumn Statement speech on 22 November.
31.10 / 08:31
cryptocurrency
Investment
Assets
industry
Option
Cryptocurrency: Is it just an alternative investment idea or legitimate profit-making option?
cryptocurrency as a legal tender. Since then, the value of various cryptocurrencies has been steadily increasing and this led to more countries legalizing the use of cryptocurrency as a tender for transactions. By 2021, most developed countries the world over had accepted cryptocurrency as a legitimate mode of transactions. In India though, the acceptance was marred with hesitation and roadblocks at every twist and turn and people’s interest in cryptocurrency started to gain momentum only with the formation of the first cryptocurrency exchange in 2013. However, since then, the growth of cryptocurrency in India has been truly staggering with industry estimates (May 2023) expecting around 15-20 million investors of cryptocurrency holding over $5.37 billion in crypto holdings. So then for the average Indian then begs the question; how should cryptocurrency be looked at or treated? Is it just another ideal alternative investment option to boost someone’s investment portfolio or has it matured into becoming an actual profit-making opportunity? For the age-old investor, stocks and bonds are the only things that mattered when it came to assets to own. Newer assets in the form of non-traditional assets like mutual funds, ETFs, cryptocurrencies, forms of collectibles, precious metals, mortgage backed securities, etc. have all found gradual acceptance in the portfolios of the modern-day investor.
12.10 / 13:27
regulation
Financial Services
industry
Barclays
Ex-Barclays CEO James Staley fined and banned by FCA over ties to Jeffrey Epstein
Jes Staley, former CEO of Barclays
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