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).
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.
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.
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?
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.
A financial Ombudsman has backed a married couple’s complaint against Attivo Financial Services for the unsuitable transfer of investments worth around £200,000.
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.
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.
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.
The Financial Conduct Authority (FCA) has echoed the Bank of England’s recent concern over escalating levels of consumer credit in the UK.
The Financial Conduct Authority convicted more senior executives and financial employees than firms last year, a report from Duff & Phelps reveals.
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.
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.
Adviser firms and asset managers will be brought under the FCA’s Senior Managers and Certification Regime from 2018, the watchdog has announced.
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.
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.
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’.
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.
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.