Fitch has joined its fellow ratings agency S&P in downgrading the UK’s rating following last week’s Brexit vote. Fitch downgraded both the UK’s long-term foreign and local currency issuer default ratings and the issue ratings on the UK’s senior unsecured foreign and local currency bonds from AA+ to AA. The ratings agency said the UK’s vote
As is very obvious from today’s movements in financial markets, the result of yesterday’s in/out EU referendum in the UK has come as something of a shock to most investors, ourselves included! In addition to the Pound’s sizeable decline on the foreign exchanges – reported as being its largest daily move ever – sharp sell-offs across the UK equity
More than a quarter of UK financial advisers are working longer hours, charging an average hourly rate of £157 ($226, €199), according to research from British insurer Prudential. The survey, which questioned 206 advisers in the UK in March, found that some advisers work an extra two hours or more each day compared to a year
Sterling suffers renewed pressure as polls underline lead taken by ‘leave’ campaign ahead of vote on UK’s European Union membership – The pound has fallen against every major global currency after polls underlined the lead taken by the ‘leave’ campaign ahead of the referendum on the UK’s European Union membership. Sterling lost ground even against the
Standard Life Investments (SLI) has written to financial advisers in the UK informing them that they will no longer receive renewal commission on SLI retail class shares from 31 March 2016. Those affected will be IFAs who advised business held directly with SLI before 1 January 2013. SLI believes that the changes will align the
