Silverfinch: Pressure to meet Mifid II deadline is on

Silverfinch: Pressure to meet Mifid II deadline...

Time and clarity are among the biggest Mifid II headaches facing asset and wealth managers according to Ashley Smith, senior vice president at data exchange hub Silverfinch.

Published : 18, Aug 2017
Coutts loses out in Ombudsman fight

Coutts loses out in Ombudsman fight

A couple who claimed Coutts mismanaged their discretionary portfolios have won a fight for compensation after taking their case to the Financial Ombudsman Service (FOS).

Published : 11, Aug 2017
FCA: Platforms’ best-buy lists favour affiliated funds

FCA: Platforms’ best-buy lists favour affiliated...

Best-buy fund lists compiled by direct-to-consumer platforms favour affiliated funds and those paying higher commission, research by the Financial Conduct Authority has found.

Published : 10, Aug 2017
Ban and fine against former UK adviser network CEO upheld

Ban and fine against former UK adviser network...

An appeal by the former chief executive of an adviser network to overturn a ban on having ‘significant influence’ on any regulated activity has been struck down and a fine upheld by the UK’s Upper Tribunal Tax and Chancery Chamber.

Published : 9, Aug 2017
Vanguard to absorb research costs; but so what?

Vanguard to absorb research costs; but so what?...

Vanguard Investment Management is the latest manager to announce it will absorb external research costs under the new Mifid II research "unbundling" rules. But will this have an impact on undecided industry players?

Published : 7, Aug 2017
Dividend detail to be published in AIC push for transparency

Dividend detail to be published in AIC push for...

The Association of Investment Companies (AIC) has committed to publishing more detailed dividend information for each investment trust on its website in a fresh push for transparency.

Published : 7, Aug 2017
Couple win fight against wealth firm over £200k fund transfers

Couple win fight against wealth firm over £200k...

A financial Ombudsman has backed a married couple’s complaint against Attivo Financial Services for the unsuitable transfer of investments worth around £200,000.

Published : 4, Aug 2017
Asset management critic to chair FCA group on disclosure

Asset management critic to chair FCA group on...

Transparency campaigner Dr Chris Sier has been named as chairman of an FCA working group tasked with fleshing out a template for disclosure of asset managers’ costs and charges.

Published : 2, Aug 2017
'Common sense' changes made to FCA guidance

'Common sense' changes made to FCA guidance

Changes to Financial Conduct Authority guidance on how to deal with insistent clients has been welcomed as “common sense” by those in the asset management industry.

Published : 1, Aug 2017
Novia’s Vasilieff calls on FCA to ban exit charges

Novia’s Vasilieff calls on FCA to ban exit charges...

The FCA should ban exit charges and admin fees charged by restricted advisers and platforms for facilitating transfers, Bill Vasilieff, chief executive at investment platform Novia Financial says.

Published : 1, Aug 2017
FCA echoes BoE’s worry over consumer credit

FCA echoes BoE’s worry over consumer credit

The Financial Conduct Authority (FCA) has echoed the Bank of England’s recent concern over escalating levels of consumer credit in the UK.

Published : 31, Jul 2017
FCA targeted more individuals than firms in 2016

FCA targeted more individuals than firms in 2016...

The Financial Conduct Authority convicted more senior executives and financial employees than firms last year, a report from Duff & Phelps reveals.

Published : 31, Jul 2017
Higher IHT take points to a more aggressive HMRC

Higher IHT take points to a more aggressive HMRC...

The IHT take has risen dramatically in the last two years leading NFU Mutual to warn that HMRC may be getting more aggressive with estates, even as the new nil rate residence band is introduced.

Published : 28, Jul 2017
Revised managers' regime will uncover ‘reckless and criminal’ firms

Revised managers' regime will uncover ‘reckless...

The Financial Conduct Authority’s extension of the senior managers’ regime will help weed out “reckless and criminal firms”, financial adviser support firm SimplyBiz Group says.

Published : 27, Jul 2017
FCA Senior Managers Regime to cover asset managers and advisers

FCA Senior Managers Regime to cover asset managers...

Adviser firms and asset managers will be brought under the FCA’s Senior Managers and Certification Regime from 2018, the watchdog has announced.

Published : 26, Jul 2017
Firms late with Mifid paperwork need emergency plans, says FCA

Firms late with Mifid paperwork need emergency...

Financial firms that have missed the deadline to submit crucial information for compliance with Mifid II rules must have contingency plans in place, the Financial Conduct Authority (FCA) has warned.

Published : 25, Jul 2017
Is your DFM offering value for money?

Is your DFM offering value for money?

Investors can assess whether a DFM offers value for money by unbundling the DFM’s service into admin costs, market access costs and applied research, and allocating a "reasonable cost to each", a consultancy claims.

Published : 24, Jul 2017
Jailed ex-Schroders trader forced to hand £350k to FCA

Jailed ex-Schroders trader forced to hand £350k...

A judge has ruled the Financial Conduct Authority can claw back £350,000 from a former Schroders fund manager convicted of insider dealing who led a ‘criminal lifestyle’.

Published : 24, Jul 2017
St James’s Place failing on fee transparency finds UK watchdog

St James’s Place failing on fee transparency finds...

Financial advisers from St James’s Place are failing to comply with rules on transparency around charges and some are misleading potential customers about what they can offer, an investigation by UK consumer watchdog Which? has found.

Published : 24, Jul 2017
Europe’s fund industry facing dispersal as Brexit looms

Europe’s fund industry facing dispersal as Brexit...

Whatever the outcome of the Brexit process now under way, the shape of the asset management industry in Europe is set to change substantially, a report by the CFA Institute has found.

Published : 21, Jul 2017
PA ANALYSIS: Buyer beware best buy 'affiliated' funds?
PA ANALYSIS: Buyer beware...

Is there a potential conflict of interest arising from...

PA ANALYSIS: Preparing for a market correction – hedge or diversify?
PA ANALYSIS: Preparing...

The bulls and bears are out in force, divided over...

PA ANALYSIS: What’s going on at 'disappointing' Sanditon?
PA ANALYSIS: What’s going...

Sanditon Asset Management’s CEO has leapt to the defence...

OTHER STORIES FROM LAST WORD...