Attempts by British regulators to crack down on soft commissions and the practice of commission ‘bundling’ will have little impact on fund performance, according to a report by Greenwich Associates. None of the study’s respondents expect that the adoption of the proposed reforms will improve performance for their clients. ‘This is a startling result when one considers the time and effort that is being devoted to this issue in the United Kingdom at present,’ said Greenwich Associates consultant John Webster. The Financial Services Authority (FSA) aims to add more transparency to the way brokers charge fund managers for research and dealing services. The Greenwich study revealed that nearly two-thirds of U.K. fund managers have invested substantial amounts of time analyzing the implications of FSA Consultation Paper 176 for their institutions. Based on these results, Greenwich consultants questioned whether retail and institutional clients would be better served if these firms focused their attention on resolving the pension deficit and liability problems besetting corporate and public pension funds.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.