FUND managers and regulators have no idea how much the European Union's markets in financial instruments directive (MiFID) is costing, Investit Intelligence says.
A forum run by the investment management consultancy found few asset managers had separate MiFID budgets. The directive seeks to harmonise aspects of investment in different European states and make cross-border...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point