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Published articles 2014

Money Marketing

Axing double stamp duty is long overdue 

I have campaigned tirelessly for the abolition of a double tax hit on fund investors.  This month, it was abolished.  

Julie Patterson, Director, Regulatory Affairs – Investment Funds and Retail
April 2014


Fund Strategy

How EU Libor regulation may limit the options for investment managers

The manipulation of the Libor indices by banks submitting erroneous data has cast a shadow over all indices. 

Adrian Hood, Adviser, Regulation
March 2014


Investment Adviser

European Rules are on their way

A number of pieces of European legislation are coming together that will impact how investment products are sold to retail clients and what information has to be provided at the point of sale.

Mike Gould, Senior Adviser, Retail Distribution
March 2014


Fund Strategy

Regulation: Triple whammy

UCITS were the only EU-regulated product for 25 years.  Even the AIFMD regulates managers rather than the funds themselves.  But we now have two new EU fund regimes and a third proposed. 

Julie Patterson, Director, Regulatory Affairs – Investment Funds and Retail
February 2014


Portfolio Adviser

Classifying a large universe for consumers and advisers

The universe of investments funds that are authorised for sale to UK investors is extensive. In the IMA sectors, there are over 3,000 funds – which includes both UK and offshore domiciled funds (i.e. UCITS funds marketed in the UK but domiciled elsewhere). 

Nicola Kembey, Head of Sectors
January 2014


Fund Strategy

Fund domicile: changing choices

Since the 1990s, the primary fund domicile within Europe has been Luxembourg.  But over the last decade it has had stiff competition from Ireland, which has expanded from virtually zero to being number two, ahead of France, Germany and the UK. 

Julie Patterson, Director, Regulatory Affairs – Investment Funds and Retail
January 2014

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