FCA chief Andrew Bailey has outlined the regulator’s three-pronged approach to supervising the “difficult but always fascinating” retail banking industry.
Investors could see fund costs soar by £27.7m a year as asset managers pass on the expensive burden of satisfying new FCA regulations.
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?
The FCA is to probe how the investment platform market is functioning over fears there is a lack of competition between providers.
The Investment Association has called for a “pragmatic timetable” in implementing the changes brought about by FCA Asset Management Market Study.
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.
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.
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.
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.
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.
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.
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.
Regulation will make the job of a wealth manager “harder and harder” over the coming years, Quilter Cheviot’s Mark Hallam has said.
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.
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.
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.
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.
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.
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