Latest News - Michelle Abrego
Merrill Lynch WM sells international trust business to UK specialist
UK group to acquire Merrill Lynch Wealth Management's International Trust & Wealth Structuring business.
Fed's more hawkish tone surprises bond managers
Fixed income managers surprised by the central bank’s stated intention of raising rates three times next year.
Fed must raise rates to stem a bond sell-off
The US Federal Reserve’s policy choices are even more critical following Donald Trump's shocking win, says Old Mutual bond boss.
JPM wealth arms fined $307m over client disclosure failings
JPMorgan Chase has been fined over $300 million over allegations that it did not properly inform clients about conflicts of interests.
‘The stars have aligned’: manager relief as Fed finally raises rates
Fund managers welcome Janet Yellen and Co's first move since before the financial crisis.
US value veteran Smead finds inspiration in Hollywood and greyhounds
The contrarian US equity veteran is looking for the ‘Meryl Streep of stocks’: companies that are on course to become box office stars.
The stateside view: 'We're bailing out China'
The sell-off in China and global market volatility over the last month has kept the Federal Reserve from hiking interest rates despite stronger domestic data, according to fund managers.
FCA to dispel suitability expectation 'myths'
The Financial Conduct Authority (FCA) is working to dispel the 'myths' that are built up over the regulator's expectations.
FCA bans and fines IFA £290k over unsuitable Ucis advice
The FCA has fined adviser Paul Reynolds £290,344 and banned him from performing any function over unsuitable and misleading advice, including on Ucis.
'Dysfunctional' FCA failed in its duty, say MPs
MPs have called for a review into the FCA's standards and culture, following a report on the ‘closed book blunder’.
Déjà vu all over again: tax avoidance or criminal activity?
Are you avoiding tax within the bounds of the law or are you a criminal? This seems to have been the distinction missed by the Paradise Papers revelations and has wealth managers calling for clarity.
Should wealth firms consider TV advertising?
In financial services, the television has normally been the preserve of banks, insurers and payday lenders, but both Tilney and Octopus have been carrying out high profile marketing campaigns.
Data protection dilemma: how to tackle Mifid II and GDPR clash
JHC head of regulatory change Andrew Watson analyses how firms can protect themselves from GDPR.