UK charge comparison regime ‘not fit for purpose’

UK charge comparison regime ‘not fit for purpose’...

Key financial illustrations (KFIs) that are intended to help people compare pension and investment product charges in the UK are not fit for purpose and are “the worst possible example of information overload”, says AJ Bell marketing director Billy Mackay.

Published : 12, Jan 2017
Brexit could be a boon for fund managers, if done right - AIC

Brexit could be a boon for fund managers, if done...

With the right approach, Brexit could provide investors in the UK funds industry with significant benefits, said Ian Sayers.

Published : 9, Jan 2017
Average fund fees squeezed 13bps since launch of RDR – Nucleus

Average fund fees squeezed 13bps since launch...

New data from Nucleus reveals that the average ongoing charges figure (OCF) for a cross-section of funds has plummeted from 78.6 basis points to 65.3bps (-13.3bps) since the introduction of the Retail Distribution Review (RDR) in 2013.

Published : 6, Jan 2017
Firms demand greater clarity from FCA

Firms demand greater clarity from FCA

The Financial Conduct Authority has revealed the four key issues raised by businesses which have responded to a consultation on its future mission.

Published : 3, Jan 2017
Former BlackRock fund manager jailed for “gross abuse of trust”

Former BlackRock fund manager jailed for “gross...

Mark Lyttleton, a former fund manager at BlackRock, has been jailed for one year after admitting two counts of insider dealing.

Published : 21, Dec 2016
Investment trusts see 12% boost in returns

Investment trusts see 12% boost in returns

Returns on investment company share prices were up 12% this year according to the latest figures from the Association of Investment Companies (AIC).

Published : 20, Dec 2016
Carbon credit scammers struck off

Carbon credit scammers struck off

Three former directors of a carbon credit scheme have been banned for a total of 44 years after investors in the fraudulent investment lost almost £3m ($3.7m, €3.5m), the UK’s Insolvency Service (IS) has revealed.

Published : 20, Dec 2016
Greater transparency tops wealth manager’s challenges in 2017

Greater transparency tops wealth manager’s challenges...

The upcoming Common Reporting System (CRS) is set to pose “fundamental changes” to the wealth management industry both regionally and globally in 2017, said Kevin Liem, CIO at TTG Wealth Management.

Published : 19, Dec 2016
'Clueless' robo-advice firms 'failing' customers, - FSCP

'Clueless' robo-advice firms 'failing' customers,...

Robo-advice firms “do not have a clue” how to communicate well with clients according to research published on Friday calling for the FCA to enforce vigorous rules in the industry.

Published : 16, Dec 2016
FCA to shake up FSCS levy rules

FCA to shake up FSCS levy rules

The UK regulator has proposed changing the financial compensation scheme to make riskier, so-called ‘polluter’ firms pay higher levies.

Published : 14, Dec 2016
SEC enforcement chief to depart

SEC enforcement chief to depart

The US Securities and Exchange Commission (SEC) has confirmed that enforcement director Andrew Ceresney is to leave the agency by the end of the year, the latest in a series of high-profile departures from the regulator.

Published : 9, Dec 2016
UK FTS outlines trading and settlement reform plans

UK FTS outlines trading and settlement reform...

A UK Fund Trading and Settlement review has found the investment industry could be transformed if a body were introduced to enforce industry-wide common standards and best practice in this area.

Published : 8, Dec 2016
EC hits JPM, HSBC and Credit Agricole with £413m fine

EC hits JPM, HSBC and Credit Agricole with £413m...

JPMorgan Chase, HSBC and Crédit Agricole have been hit with fines totalling €485m (£413m) by the European Commission for rigging Euribor rates.

Published : 7, Dec 2016
FCA launches clampdown on CFDs

FCA launches clampdown on CFDs

Firms selling contract for difference products (CFDs) face a clampdown by the Financial Conduct Authority amid fears too many retail clients are incurring “large and unexpected losses”.

Published : 6, Dec 2016
PIMCO fined $20m over ETF claims

PIMCO fined $20m over ETF claims

Investment manager Pimco has been fined nearly $20m (£15.9m, €18.9m) by the US Securities and Exchange Commission (SEC) for misleading investors about the performance of its actively managed Total Return ETF.

Published : 2, Dec 2016
UK politicians slam HMRC over lack of tax relief scrutiny

UK politicians slam HMRC over lack of tax relief...

British MPs have criticised HM Revenue & Customs (HMRC) over its lack of scrutiny on whether tax reliefs are being used effectively, raising doubts about plans to digitise its services.

Published : 2, Dec 2016
FSCS levy on UK advisers bumped up by dodgy SIPPs

FSCS levy on UK advisers bumped up by dodgy SIPPs...

The UK’s Financial Services Compensation Scheme (FSCS) has warned it may impose an interim levy on life and pension advisers over the increasing number of claims related to self-invested personal pension schemes (Sipps).

Published : 1, Dec 2016
IFA director banned over missing £4m

IFA director banned over missing £4m

The director of a bankrupt UK-based IFA firm, who also ran a trading room, has been disqualified for eight years for failing to account for more than £4m ($4.9m, €4.6m) of client’s money, the Insolvency Service has revealed.

Published : 30, Nov 2016
FCA warns investors of Janus Capital impostor

FCA warns investors of Janus Capital impostor

As part of its ScamSmart campaign, the Financial Conduct Authority has issued a warning over a ‘clone firm’ posing as Janus Capital.

Published : 25, Nov 2016
Trump must show backbone and repeal Fatca: deVere CEO

Trump must show backbone and repeal Fatca: deVere...

US president-elect Donald Trump must show some backbone and repeal the Foreign Account Tax Compliance Act (Fatca) as a priority, says deVere founder and chief executive Nigel Green.

Published : 21, Nov 2016
Brewin takeover to result in axing of Duncan Lawrie research team
Brewin takeover to result...

The Duncan Lawrie Asset Management research team is...

Bulls vs Bears: Which side to take on UK stocks?
Bulls vs Bears: Which...

With the FTSE at an all time high but Brexit uncertainties...

Brewin Dolphin hires Barclays Wealth man
Brewin Dolphin hires...

Godfrey Cromwell, a former Barclays Wealth banker,...

May reveals Brexit plan as inflation jumps and Carney hints at rate rise   
May reveals Brexit plan...

Inflation in the United Kingdom economy climbed to...

PA ANALYSIS: Don’t forsake liquid alts just yet
PA ANALYSIS: Don’t forsake...

Finding well-priced defensive assets has been a key...

OTHER STORIES FROM LAST WORD...