We are almost two months on from MiFID II 'D-day' and still far from solving the complexities surrounding the unbundling of research payments, writes Nick Burchett, head of UK equities at Cavendish Asset Management.
Take for example a recent interaction between Jefferies and Purplebricks which neatly highlights a point of uncertainty regarding inducements. Jefferies put out a damning sell note on Purplebricks,...
'Following the letter, but not the spirit, of the rules'
Tech giant still stands out
Reduces chances of rate hike
Designed to park short-term cash