IA outlines trading and settlement reform plans

IA outlines trading and settlement reform plans...

An Investment Association review into fund trading and settlement has found the industry could be transformed if a body were introduced to enforce industry-wide common standards and best practice in this area.

Published : 8, Dec 2016
EC hits JPM, HSBC and Credit Agricole with £413m fine

EC hits JPM, HSBC and Credit Agricole with £413m...

JPMorgan Chase, HSBC and Crédit Agricole have been hit with fines totalling €485m (£413m) by the European Commission for rigging Euribor rates.

Published : 7, Dec 2016
FCA launches clampdown on CFDs

FCA launches clampdown on CFDs

Firms selling contract for difference products (CFDs) face a clampdown by the Financial Conduct Authority amid fears too many retail clients are incurring “large and unexpected losses”.

Published : 6, Dec 2016
PIMCO fined $20m over ETF claims

PIMCO fined $20m over ETF claims

Investment manager Pimco has been fined nearly $20m (£15.9m, €18.9m) by the US Securities and Exchange Commission (SEC) for misleading investors about the performance of its actively managed Total Return ETF.

Published : 2, Dec 2016
UK politicians slam HMRC over lack of tax relief scrutiny

UK politicians slam HMRC over lack of tax relief...

British MPs have criticised HM Revenue & Customs (HMRC) over its lack of scrutiny on whether tax reliefs are being used effectively, raising doubts about plans to digitise its services.

Published : 2, Dec 2016
FSCS levy on UK advisers bumped up by dodgy SIPPs

FSCS levy on UK advisers bumped up by dodgy SIPPs...

The UK’s Financial Services Compensation Scheme (FSCS) has warned it may impose an interim levy on life and pension advisers over the increasing number of claims related to self-invested personal pension schemes (Sipps).

Published : 1, Dec 2016
IFA director banned over missing £4m

IFA director banned over missing £4m

The director of a bankrupt UK-based IFA firm, who also ran a trading room, has been disqualified for eight years for failing to account for more than £4m ($4.9m, €4.6m) of client’s money, the Insolvency Service has revealed.

Published : 30, Nov 2016
FCA warns investors of Janus Capital impostor

FCA warns investors of Janus Capital impostor

As part of its ScamSmart campaign, the Financial Conduct Authority has issued a warning over a ‘clone firm’ posing as Janus Capital.

Published : 25, Nov 2016
Trump must show backbone and repeal Fatca: deVere CEO

Trump must show backbone and repeal Fatca: deVere...

US president-elect Donald Trump must show some backbone and repeal the Foreign Account Tax Compliance Act (Fatca) as a priority, says deVere founder and chief executive Nigel Green.

Published : 21, Nov 2016
Mifid II time consuming and complex, say asset managers

Mifid II time consuming and complex, say asset...

Mifid II is a big concern for around three-quarters of global asset managers, who think regulators need to provide better guidance and tools to navigate the increasingly complex landscape, according to State Street Corporation.

Published : 21, Nov 2016
FCA charges sixth defendant in boiler room case

FCA charges sixth defendant in boiler room case...

A sixth person has been charged by the Financial Conduct Authority (FCA) for promoting and selling shares through a succession of four boiler room companies.

Published : 18, Nov 2016
FCA proposes single fund charge; challenges active managers

FCA proposes single fund charge; challenges active...

The FCA has criticised the “weak price competition” among asset managers, attacking actively managed funds for failing to outperform their benchmark once fees have been taken into account.

Published : 18, Nov 2016
UK advisers working longer to keep up with demand

UK advisers working longer to keep up with demand...

At an average fee of around £157 ($195, €179) an hour, a large proportion of UK advisers are having to work longer hours to keep up with demand, according to a new survey by insurance giant Prudential.

Published : 11, Nov 2016
Financial crime will 'mutate and morph'- FCA chief

Financial crime will 'mutate and morph'- FCA chief...

It would be unwise to say that financial crime has been beaten as it will always “mutate and morph”, according to Andrew Bailey, chief executive of the UK's Financial Conduct Authority (FCA).

Published : 11, Nov 2016
French prosecutor pursues HSBC in €180bn tax fraud case

French prosecutor pursues HSBC in €180bn tax fraud...

A French prosecutor has called for HSBC to stand trial for helping clients hide more than €180bn (£161.3bn, $199.8bn) in offshore tax havens from the country’s tax authorities, French news agency AFP has reported.

Published : 4, Nov 2016
Ex-BlackRock man Lyttleton pleads guilty to insider trading

Ex-BlackRock man Lyttleton pleads guilty to insider...

Mark Lyttleton, a former fund manager at BlackRock, has today pleaded guilty to two counts of insider trading and will be sentenced on 21 December, the Financial Conduct Authority has confirmed.

Published : 2, Nov 2016
FCA bans six for UK property scheme scam

FCA bans six for UK property scheme scam

Six of the eight men found guilty last year of a UK property fund scam, which defrauded investors of around £4.3m ($5.24m, €4.78m), have been banned by the Financial Conduct Authority (FCA) from performing any function in relation to any regulated activity in the industry.

Published : 1, Nov 2016
UK regulator looks to define a new mission

UK regulator looks to define a new mission

The UK’s Financial Conduct Authority (FCA) has begun a consultation with the finance industry to identify which areas of regulation it should focus its resources on in the future.

Published : 26, Oct 2016
FCA risks ‘timid’ reputation without drastic change by Bailey - Cass

FCA risks ‘timid’ reputation without drastic change...

The Financial Conduct Authority risks becoming a “timid and cowed regulator” unless chief executive Andrew Bailey can effectively distance himself from politics and the financial industry, according to Cass Business School.

Published : 25, Oct 2016
DFMs set for business uptick under Mifid II – IW&I

DFMs set for business uptick under Mifid II –...

Discretionary fund management (DFM) looks set to benefit from Mifid II as almost a third of advisers expect the directive to result in the rise of outsourcing arrangements to financial advisers, according to Investec Wealth & Investment (IW&I).

Published : 25, Oct 2016

Sponsored Content

PA ANALYSIS: Nothing left to fear for sterling as eurozone drama looms?
PA ANALYSIS: Nothing...

As the unfolding political drama in the eurozone takes...

Twelve stocks to cash in on Christmas with
Twelve stocks to cash...

Christmas is just around the corner, but who could...

SLI MyFolio dumps government bonds; sees start of great rotation
SLI MyFolio dumps government...

Standard Life Investments’ suite of £10bn MyFolio funds...

Moneyfarm names PIMCO man as CIO
Moneyfarm names PIMCO...

Online wealth manager Moneyfarm has announced two...

PA ANALYSIS: Is nimble the new cautious?
PA ANALYSIS: Is nimble...

2016 has left a lot of investors wrong-footed, but...

OTHER STORIES FROM LAST WORD...