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
Former BlackRock fund manager jailed for “gross abuse of trust”

Former BlackRock fund manager jailed for “gross...

Mark Lyttleton, a former fund manager at BlackRock, has been jailed for one year after admitting two counts of insider dealing.

Published : 21, Dec 2016
Investment trusts see 12% boost in returns

Investment trusts see 12% boost in returns

Returns on investment company share prices were up 12% this year according to the latest figures from the Association of Investment Companies (AIC).

Published : 20, Dec 2016
Carbon credit scammers struck off

Carbon credit scammers struck off

Three former directors of a carbon credit scheme have been banned for a total of 44 years after investors in the fraudulent investment lost almost £3m ($3.7m, €3.5m), the UK’s Insolvency Service (IS) has revealed.

Published : 20, Dec 2016
Greater transparency tops wealth manager’s challenges in 2017

Greater transparency tops wealth manager’s challenges...

The upcoming Common Reporting System (CRS) is set to pose “fundamental changes” to the wealth management industry both regionally and globally in 2017, said Kevin Liem, CIO at TTG Wealth Management.

Published : 19, Dec 2016
'Clueless' robo-advice firms 'failing' customers, - FSCP

'Clueless' robo-advice firms 'failing' customers,...

Robo-advice firms “do not have a clue” how to communicate well with clients according to research published on Friday calling for the FCA to enforce vigorous rules in the industry.

Published : 16, Dec 2016
FCA to shake up FSCS levy rules

FCA to shake up FSCS levy rules

The UK regulator has proposed changing the financial compensation scheme to make riskier, so-called ‘polluter’ firms pay higher levies.

Published : 14, Dec 2016
SEC enforcement chief to depart

SEC enforcement chief to depart

The US Securities and Exchange Commission (SEC) has confirmed that enforcement director Andrew Ceresney is to leave the agency by the end of the year, the latest in a series of high-profile departures from the regulator.

Published : 9, Dec 2016
UK FTS outlines trading and settlement reform plans

UK FTS outlines trading and settlement reform...

A UK Fund Trading and Settlement review has found the investment 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

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