Moody's Investor Service has warned rule changes proposed in the Financial Conduct Authority's (FCA) occasional paper published last Thursday on the £8.1trn asset management industry will be negative for active managers.
In a research note, Tiziano Oliva, associate analyst at Moody's, claimed the suggested changes on presenting charges information to investors could increase active managers' compliance costs while reducing...
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More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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