Most asset managers will not be Mifid II compliant before Q4

Most asset managers will not be Mifid II compliant...

Although the debut of the new Mifid II rules is just six months away, the vast majority of asset managers will not be fully compliant before Q4, according to a new survey conducted by Rsrchxchange.

Published : 22, Jun 2017
FCA to overhaul pension transfer advice rules

FCA to overhaul pension transfer advice rules

Advice on pension transfers is to be provided as a personal recommendation and transfer value analysis replaced with a comparison to show the value of the benefits being given up under plans announced by the FCA on Wednesday.

Published : 21, Jun 2017
FCA chairman John Griffith-Jones to step down in 2018

FCA chairman John Griffith-Jones to step down...

The chairman of the UK’s top financial watchdog is to step down at the end of March 2018, it has been confirmed following earlier press leaks.

Published : 19, Jun 2017
Regulation to make life 'harder and harder' for wealth firms

Regulation to make life 'harder and harder' for...

Regulation will make the job of a wealth manager “harder and harder” over the coming years, Quilter Cheviot’s Mark Hallam has said.

Published : 16, Jun 2017
FCA 'sandbox' helps test the waters of fintech revolution

FCA 'sandbox' helps test the waters of fintech...

New face recognition and blockchain technology built by financial firms is due to be tested in the coming months as part of the FCA’s second regulatory sandbox.

Published : 15, Jun 2017
Wealth firms ‘unprepared’ for game-changing data regulation

Wealth firms ‘unprepared’ for game-changing data...

Most wealth managers are unaware of the need to prepare for game-changing new data protection rules coming into force in less than a year’s time according to two industry consultants.

Published : 5, Jun 2017
IFAs favour Tory victory; fear election aftermath

IFAs favour Tory victory; fear election aftermath...

Advisers favour a Conservative victory in the UK general election as nearly one in three say uncertainty over the result and its aftermath are a major concern for their business, research from MetLife shows.

Published : 5, Jun 2017
Celebrity film scheme to appeal £700m tax case decision

Celebrity film scheme to appeal £700m tax case...

British investment advisory group Ingenious Media said it will appeal an August 2016 Tax Tribunal ruling on the status of its film production partnerships which date back as far as 2002 and involve many famous actors and footballers.

Published : 2, Jun 2017
Film scheme for the stars loses £700m tax avoidance case

Film scheme for the stars loses £700m tax avoidance...

A film scheme that counted David Beckham, Wayne Rooney and Gary Lineker among its investors has lost a court challenge to overturn a £700m ($899m, €802m) tax bill.

Published : 1, Jun 2017
IA contemplates UK mid-cap sector

IA contemplates UK mid-cap sector

The Investment Association is soliciting feedback from members on bringing in a mid-cap sector to its classification.

Published : 1, Jun 2017
Complex financial crime key driver of rising compliance costs

Complex financial crime key driver of rising compliance...

More complex financial crime and a growing regulatory burden have together been the driving force behind rising compliance costs, a recent survey has revealed.

Published : 30, May 2017
FOS orders wealth manager to pay client compensation

FOS orders wealth manager to pay client compensation...

A man who complained about advice from Legacy Wealth to invest two-thirds of his pension pot into an unregulated UCIS has won his case at the Financial Ombudsman.

Published : 26, May 2017
Fund fraudsters fined £2m after FCA investigation

Fund fraudsters fined £2m after FCA investigation...

A long-running FCA investigation has finally ended after eight men were convicted and fined more than £2m for running an unauthorised fund.

Published : 24, May 2017
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

Sponsored Content

Woodford Income Focus drops out of May’s most popular funds
Woodford Income Focus...

Neil Woodford's new fund failed to inspire investors...

PA Summer Congress: In pictures
PA Summer Congress: In...

This year's Portfolio Adviser Summer Congress was a...

Smith, Yarrow and Findlay on Chatfeild-Roberts ‘select’ list
Smith, Yarrow and Findlay...

There are few true stars in the active management industry,...

OTHER STORIES FROM LAST WORD...