IRESS has updated its XPLAN software to alert advisers when a 10% drop has occurred in a client portfolio in an effort to help with incoming Markets in Financial Instruments Directive II (MiFID II) requirements.
Under the incoming European regulation investment firms providing a portfolio management service will need to inform clients - from 3 January 2018 onward - if their portfolio falls by 10% or more. As...
Staff are your responsibility
More than 4,500 retail investors affected
Paid out £54m in related compensation
Changes to take place by next year
Still under-serviced area of sandbox