Intervention by the Bank of England’s Monetary Policy Committee (MPC) to offset an expected downturn in the UK economy dominated markets this week, sending equities to their highest close for over a year.
The implementation of RDR and increased regulatory burden on advisers has led to a sharp rise in the number of firms considering outsourcing to DFMs. Nucleus, for example, conducted some research with around 200 of its users earlier in the year and found that almost half (47%) were looking to increase their use of DFMs in the next 12 months.
The Bank of England today sent fresh shockwaves through markets after announcing a cut in the base rate to 0.25% and a further £70bn of quantitative easing, £10bn of which will be specifically focused on corporate bonds for the first time.
SEI announced today that it has strengthened its UK Private Banking executive management team with the appointment of Kevin Russell to the newly created role of Proposition Director.
Is anyone else Confused.com about Confused.com’s move to scrap Brian the Robot in favour of James Corden? Well, fear not, because this week’s episode examines the reasoning behind the decision as well as asking how brands should handle the death of their characters.
