Aviva Investors has proposed reforms of sell-side research practices, which it said were failing investors by being "overly positive, sometimes biased, and preoccupied with short-term financial metrics".
The firm said poor sell-side research "contributes to a misallocation of capital and potentially rewards poor corporate practices" and that "many sell-side analysts do not apply enough scrutiny to businesses,...
Case finds 'no misconduct' within Tinney's dealings
Reiterates 'buy' recommendation
Brexit risk putting investors off domestic stocks
Four investment trends in new-look portfolio