Impax suffers net outflows despite strong performance
Impax Asset Management suffered net outflows over the last year, despite returning strong investment performance, the firm revealed in its annual results today (29 November).
Impax Asset Management suffered net outflows over the last year, despite returning strong investment performance, the firm revealed in its annual results today (29 November).
Hargreaves Lansdown chair Deanna Oppenheimer is set to step down as the firm’s chair at its upcoming annual general meeting next week (8 December), following shareholder pressure for her resignation.
The Financial Conduct Authority has proposed a shake-up to investment advice compensation rules which will see firms set aside capital under a “polluter pays” framework.
William Hemmings, longstanding head of investment companies at abrdn, is set to retire from the role at the end of November.
The Office for Budget Responsibility has warned the government’s debt targets “never require the chancellor to get debt falling”.
The Financial Conduct Authority’s final rules for the Sustainability Disclosure Requirements have been deemed the “most significant single piece of UK sustainable finance regulation to date”, despite delays, but questions remain.
In its release of final rules on Sustainability Disclosure Requirements (SDR) and investment labels, the Financial Conduct Authority (FCA) reiterated the consumer has been firmly placed at the very centre of the regime, and rightly so in a year dominated by the implementation of Consumer Duty.