FCA delays action on contract for difference products

FCA delays action on contract for difference products...

The FCA has delayed the introduction of new rules for firms selling contract for difference products in the UK.

Published : 29, Jun 2017
FCA chief hails ‘difficult but fascinating’ banking supervision

FCA chief hails ‘difficult but fascinating’ banking...

FCA chief Andrew Bailey has outlined the regulator’s three-pronged approach to supervising the “difficult but always fascinating” retail banking industry.

Published : 29, Jun 2017
Investors hit by £27.7m extra costs in FCA plans

Investors hit by £27.7m extra costs in FCA plans...

Investors could see fund costs soar by £27.7m a year as asset managers pass on the expensive burden of satisfying new FCA regulations.

Published : 28, Jun 2017
FCA Market Study: What does it really mean for funds?

FCA Market Study: What does it really mean for...

The FCA has finally released its full report into the asset management industry following a year-long review of the market – but what do its proposed remedies mean for funds?

Published : 28, Jun 2017
Platform providers to face FCA scrutiny

Platform providers to face FCA scrutiny

The FCA is to probe how the investment platform market is functioning over fears there is a lack of competition between providers.

Published : 28, Jun 2017
Industry bodies: Firms must ‘rise to the challenge’ of FCA review

Industry bodies: Firms must ‘rise to the challenge’...

The Investment Association has called for a “pragmatic timetable” in implementing the changes brought about by FCA Asset Management Market Study.

Published : 28, Jun 2017
FCA backs all-in fee in scathing final report

FCA backs all-in fee in scathing final report

The Financial Conduct Authority has stood by its earlier pledge to crackdown on fund charges in a damning final report on the asset management industry, released today.

Published : 28, Jun 2017

Five groups most at risk in the FCA asset management...

With the final report from the FCA’s market study of asset management due on Wednesday morning, speculation is rife about what the long-awaited recommendations could say. We look at the five groups who could face the repercussions.

Published : 27, Jun 2017
The new regulation most asset managers do support

The new regulation most asset managers do support...

Asset managers have welcomed a new regulation which aims to tackle financial crime and money laundering in the industry, according to a survey by Lexis Nexis Risk Solutions.

Published : 26, Jun 2017
IA's decision to drop new sector plans "disappointing"

IA's decision to drop new sector plans "disappointing"...

The Investment Association’s decision to drop its idea to launch a new mid-cap sector for funds has been branded “disappointing” by fund pickers.

Published : 26, Jun 2017
Most asset managers will not be Mifid II compliant before Q4

Most asset managers will not be Mifid II compliant...

Although the debut of the new Mifid II rules is just six months away, the vast majority of asset managers will not be fully compliant before Q4, according to a new survey conducted by Rsrchxchange.

Published : 22, Jun 2017
FCA to overhaul pension transfer advice rules

FCA to overhaul pension transfer advice rules

Advice on pension transfers is to be provided as a personal recommendation and transfer value analysis replaced with a comparison to show the value of the benefits being given up under plans announced by the FCA on Wednesday.

Published : 21, Jun 2017
FCA chairman John Griffith-Jones to step down in 2018

FCA chairman John Griffith-Jones to step down...

The chairman of the UK’s top financial watchdog is to step down at the end of March 2018, it has been confirmed following earlier press leaks.

Published : 19, Jun 2017
Regulation to make life 'harder and harder' for wealth firms

Regulation to make life 'harder and harder' for...

Regulation will make the job of a wealth manager “harder and harder” over the coming years, Quilter Cheviot’s Mark Hallam has said.

Published : 16, Jun 2017
FCA 'sandbox' helps test the waters of fintech revolution

FCA 'sandbox' helps test the waters of fintech...

New face recognition and blockchain technology built by financial firms is due to be tested in the coming months as part of the FCA’s second regulatory sandbox.

Published : 15, Jun 2017
Wealth firms ‘unprepared’ for game-changing data regulation

Wealth firms ‘unprepared’ for game-changing data...

Most wealth managers are unaware of the need to prepare for game-changing new data protection rules coming into force in less than a year’s time according to two industry consultants.

Published : 5, Jun 2017
IFAs favour Tory victory; fear election aftermath

IFAs favour Tory victory; fear election aftermath...

Advisers favour a Conservative victory in the UK general election as nearly one in three say uncertainty over the result and its aftermath are a major concern for their business, research from MetLife shows.

Published : 5, Jun 2017
Celebrity film scheme to appeal £700m tax case decision

Celebrity film scheme to appeal £700m tax case...

British investment advisory group Ingenious Media said it will appeal an August 2016 Tax Tribunal ruling on the status of its film production partnerships which date back as far as 2002 and involve many famous actors and footballers.

Published : 2, Jun 2017
Film scheme for the stars loses £700m tax avoidance case

Film scheme for the stars loses £700m tax avoidance...

A film scheme that counted David Beckham, Wayne Rooney and Gary Lineker among its investors has lost a court challenge to overturn a £700m ($899m, €802m) tax bill.

Published : 1, Jun 2017
IA contemplates UK mid-cap sector

IA contemplates UK mid-cap sector

The Investment Association is soliciting feedback from members on bringing in a mid-cap sector to its classification.

Published : 1, Jun 2017

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