FCA finds 40% of advice provides 'unacceptable' disclosure

FCA finds 40% of advice provides 'unacceptable'...

The Financial Conduct Authority (FCA) has found “unacceptable” levels of disclosure in over 40% of the financial advisory sector as it releases the results of its Assessing Suitability Review.

Published : 18, May 2017
Caddick: Failing on Mifid II ‘not an option’

Caddick: Failing on Mifid II ‘not an option’

Fund groups are still not fully prepared for the introduction of Mifid II despite that not being ready is "not an option", Santander Asset Management's Tom Caddick has said.

Published : 18, May 2017
Toogood: Fund managers need a post-RDR reality check

Toogood: Fund managers need a post-RDR reality...

Asset managers should take a page from the book of IFAs, and focus more on outcomes for their clients than one-upping competitors, according to The Adviser Centre's Peter Toogood.

Published : 12, May 2017
Dear PM… Brewin chief demands May act on savings crisis

Dear PM… Brewin chief demands May act on savings...

Intergeneration wealth disparity, tax simplification and removal of the £1m lifetime pension allowance are all addressed in a remarkable letter to the prime minister from Brewin Dolphin CEO David Nicol.

Published : 12, May 2017
AJ Bell launches online hub to cut through due diligence confusion

AJ Bell launches online hub to cut through due...

AJ Bell has launched an online hub to help advisers and wealth managers navigate the tricky world of due diligence when choosing investment platforms.  

Published : 11, May 2017
IMFA’s Field: 'Blurring of the edges' in adviser/wealth manager business

IMFA’s Field: 'Blurring of the edges' in adviser/wealth...

The FSCS levy and understanding the value of advice will be the first IMFA projects, with chief Liz Field admitting she does not yet know the figures in the overlap between WMA and APFA members.

Published : 10, May 2017
Peter Mann: RDR has failed to bring advice to the masses

Peter Mann: RDR has failed to bring advice to...

Industry stalwart Peter Mann has said the financial planning sector needs to come up with regulation that works for everyone.

Published : 9, May 2017
WMA and APFA merge to form IMFA

WMA and APFA merge to form IMFA

The Wealth Management Association (WMA) and the Association of Professional Financial Advisers (APFA) are to merge to form a new industry body, IMFA

Published : 8, May 2017
Former Investment Association chief Sears joins Marlborough and IFSL

Former Investment Association chief Sears joins...

Former Investment Association interim chief executive Guy Sears has joined Marlborough Fund Managers and IFSL as a non-executive director.

Published : 8, May 2017
FCA knuckles rapped over complaints handling procedure

FCA knuckles rapped over complaints handling procedure...

The FCA has been criticised by the Complaints Commissioner for parts of its handling of a complaint by a former company chair, and told to review its processes.

Published : 5, May 2017
Soaring compliance costs could eat up tenth of firms' revenue

Soaring compliance costs could eat up tenth of...

The rocketing costs of compliance could eat up a tenth of firms' annual revenues in the next five years, wealth managers fear.

Published : 27, Apr 2017
Kames: IA's 'hokey cokey' makes UK Equity Inc sector redundant

Kames: IA's 'hokey cokey' makes UK Equity Inc...

The Investment Association has been accused of doing the ‘hokey-cokey’ with the UK Equity Income sector by two Kames Capital managers, so much so they believe the sector has become ‘redundant’.

Published : 26, Apr 2017
FCA: Half of investment complaints upheld in H2 of 2016

FCA: Half of investment complaints upheld in H2...

Half of all complaints made against investment products were upheld in the second half of 2016, according to the latest data released by the FCA.

Published : 26, Apr 2017
FCA 'overplaying' failing asset manager threat

FCA 'overplaying' failing asset manager threat...

The failure of a large asset manager and its potential impact on market stability will be one of the key focuses for the FCA this year.  

Published : 18, Apr 2017
FCA sets out adviser fee hike

FCA sets out adviser fee hike

The FCA has proposed a 4.7% hike in fees for advisers and brokers as part of its 2017/18 business plan.

Published : 18, Apr 2017
Morningstar questions FCA's sums in market study critique

Morningstar questions FCA's sums in market study...

Morningstar has hit back at the FCA over its market study critique of fund ratings agencies.

Published : 12, Apr 2017
FSCS cuts levies but wealth managers facing higher bill

FSCS cuts levies but wealth managers facing higher...

The Financial Services Compensation Scheme (FSCS) is raising its investment intermediary levy for the 2017/18 year by £4m in spite of an overall budget cut.

Published : 12, Apr 2017
FCA extends robo-advice work in fintech push

FCA extends robo-advice work in fintech push

The types of firm that can approach the FCA for help developing new robo-advice products has been expanded.

Published : 10, Apr 2017
FCA bans AIM bosses for market abuse

FCA bans AIM bosses for market abuse

The FCA has banned two Alternative Investment Market (AIM) financial controllers for market abuse.

Published : 7, Apr 2017
FCA stops pension transfers from 16 advice firms

FCA stops pension transfers from 16 advice firms...

Sixteen UK firms agreed to stop any activities related to pension transfers in the 12 months to January 2017, the FCA has revealed.

Published : 5, Apr 2017
Mifid II: What you need to know
Mifid II: What you need...

The new Mifid II regulation casts a wide net in terms...

Three alternative calculations that will make your eyes water
Three alternative calculations...

In this industry, we are spoon-fed statistics every...

Lloyds, L&G and Aviva get Woodford seal of approval
Lloyds, L&G and Aviva...

Legal and General, Lloyds Banking Group and Aviva are...

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