Matt Hudson, manager of the £694m Schroder UK Alpha Income fund, has increased his weighting to banks, despite industry concerns about the threat to dividends from the record level of regulatory fines imposed recently.
Bulking up and diversifying out
The first new private bank in the UK for over thirty years has officially launched, after gaining approval from regulators.
Global asset management firms have avoided being labelled "systemically important" but face a review into potential systemic risks posed by their largest funds.
The Financial Conduct Authority (FCA) has published a paper clarifying its stance on how advisers will be held liable when dealing with insistent clients.
The co-chief executive of Deutsche Bank have stepped down from their position, weeks after the bank was fined a record £1.7bn for manipulating LIBOR.
Financial Conduct Authority chief Martin Wheatley has supported the asset management industry's claim that it does not pose a threat to financial stability.
The Investment Association (IA) is considering campaigning for corporate pay reform, according to Sky News.
The Wealth Management Association (WMA) has attacked the "failure" of the RDR to clearly define 'independent' advisers and suggested MiFID II's description would be a better suggestion.
Firms trying to expand into new business areas are having to wait 85% longer for Financial Conduct Authority (FCA) authorisation than two years ago.