European Investment Fund has withdrawn funding to British start-ups. The Fund, which has, at times, accounted for up to a third of all the investment in UK-based venture capital funds, put just [...]
Virgin Money is planning to overhaul its controversial £2.7bn tracker fund, which charges investors 17 times the fees of comparable alternatives. An announcement on the changes will be made after [...]
Funding Circle has reportedly lined up Morgan Stanley to prepare it for an IPO during the second half of 2018, which is expected to value the business at £1.5bn Lloyds Banking Group and Scottish [...]
Barclays customers have been blocked from monitoring their investments and managing their money for months because of delays with the bank’s new Smart Investor service. Barclays initially [...]
UBS has announced that it is merging its two main wealth management businesses. The bank’s American wealth management business will be merged with its international wealth management [...]
JPMorgan Asset Management has hired three ETF distribution and product specialists as it continues its push into passive investments in Europe. Olivier Paquier, Ivan Durdevic and John Harrington [...]
Barclays is to upgrade its trading platform for all financial products traded on exchanges on 3 January 2018. It is the latest bank to opt in to ‘Systematic Internaliser’ status under [...]
FCA has announced that it received 61 submissions for the third edition of its regulatory sandbox, with 18 making the final cut, including propositions from Barclays, First Direct and Nationwide. [...]
UBS has said it will provide personalised recommendations and advice through its robo-advice website, not just guidance. The SmartWealth app recommends users one of five multi-asset strategies [...]
Nutmeg has announced that its asset under management have risen above £1bn. Client funds have risen 93% year-on-year, while customer numbers have more than doubled to 48,700 in the last 12 months [...]