BMO: Remuneration tops shareholder agenda

BMO: Remuneration tops shareholder agenda

Remuneration packages will remain a contentious topic in boardrooms around the UK, according to a report from BMO Global Asset Management.

Published : 21, Mar 2017
EC explores new fintech passporting regime

EC explores new fintech passporting regime

The European Commission (EC) is considering new passporting regimes to ensure a level playing field for financial technology companies.

Published : 17, Mar 2017
FCA asset management challenge ‘way bigger’ than RDR

FCA asset management challenge ‘way bigger’ than...

The FCA’s Asset Management Market Survey is akin to a “hangover” for fund groups who will “have to bear the sharp end” of the pressures on fees, according to Nucleus CEO David Ferguson.

Published : 14, Mar 2017
Risk fears as IA loosens UK sector yield target

Risk fears as IA loosens UK sector yield target...

Investors should ‘be wary’ fund managers do not take on riskier stocks after the Investment Association (IA) loosened the yield requirements for funds in the UK Equity Income sector.

Published : 9, Mar 2017
Miller 'naive' to accuse active managers of price collusion

Miller 'naive' to accuse active managers of price...

Claims made by campaigner Gina Miller that the active management industry is ‘anti-competitive’ have been dismissed by a top portfolio manager as both ‘naïve’ and ‘dangerous’.

Published : 6, Mar 2017
FCA consultation on IPO overhaul now open

FCA consultation on IPO overhaul now open

The Financial Conduct Authority (FCA) has launched a consultation paper to tackle the inherent bias it has identified at initial public offerings (IPOs) in the UK equity market.

Published : 1, Mar 2017
CISI pushes for higher standards with new Chartered Body Alliance

CISI pushes for higher standards with new Chartered...

The Chartered Institute for Securities & Investment (CISI) has formed an alliance with two other chartered professional bodies to raise standards of and improve levels of trust in financial services.

Published : 1, Mar 2017
Regulator failings create ‘potential’ for further financial crash

Regulator failings create ‘potential’ for further...

Most financial service executives believe there is potential for a further financial crash despite the actions of regulators to introduce safeguards, according to the latest Duff and Phelps survey.

Published : 27, Feb 2017
AIC: Shunning of investment trusts a ‘market failure’

AIC: Shunning of investment trusts a ‘market failure’...

The Association of Investment Companies (AIC) has urged the FCA to improve competition and tackle a ‘market failure’ in the asset management industry.

Published : 24, Feb 2017
Industry demands health warnings and fee clarity in FCA responses

Industry demands health warnings and fee clarity...

Early reactions to the Financial Conduct Authority’s (FCA) Asset Management Market Study are calling for ‘health warnings’ over fees, simpler communications and enhanced governance of fund manager boards.

Published : 20, Feb 2017
FCA releases paper on improving investor access to capital markets

FCA releases paper on improving investor access...

The United Kingdom’s primary capital market is the focus of a new FCA consultation paper which aims to examine the effectiveness of the sector.

Published : 15, Feb 2017
Kames welcomes FCA’s light touch on illiquid assets

Kames welcomes FCA’s light touch on illiquid assets...

A Kames Capital fund manager has welcomed news the FCA does not intend to stop investors accessing illiquid assets via open-ended funds, even after last summer’s post-Brexit panic.

Published : 13, Feb 2017
FCA launches illiquidity probe following Brexit property fund crisis

FCA launches illiquidity probe following Brexit...

The FCA is asking for views on open-ended funds investing in illiquid assets, in wake of the widespread bricks and mortar property fund gating that followed June’s Brexit vote.

Published : 8, Feb 2017
Coutts fined £5m over sovereign wealth fund breaches

Coutts fined £5m over sovereign wealth fund breaches...

Coutts must pay out £5.19m (CHF 6.5m) for serious breaches of anti-money laundering rules in connection with the scandal-torn Malaysian 1MDB sovereign wealth fund.

Published : 2, Feb 2017
FCA fines Deutsche Bank £163m

FCA fines Deutsche Bank £163m

Deutsche Bank has agreed to pay fines of more than £163m to the Financial Conduct Authority (FCA) to settle an investigation into alleged failings to prevent years of illicit ‘mirror trading’ via a Russian outpost.

Published : 31, Jan 2017
Asset managers starting to fret over Mifid II impact on research

Asset managers starting to fret over Mifid II...

Three-quarters of asset managers believe the implementation of Mifid II will mean they have to cut their reliance on investment bank research, according to a newly released industry survey.

Published : 23, Jan 2017
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

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