Will the FCA’s response to Link failures change the role of ACDs?
TTF challenges regulator’s claim its Weif enforcement action will raise industry standards among ACDs
TTF challenges regulator’s claim its Weif enforcement action will raise industry standards among ACDs
Regulator said it would have proposed a penalty of up to £50m if Link had not settled on a scheme of arrangement
Also found Link Fund Solutions failed to act with due skill, care and diligence in its management of the Woodford Equity Income Fund
92% expect compliance breaches to increase over two-year period
‘Bundling’ of payments for third-party research could level the playing field for smaller asset managers
MP Bim Afolami says the government is planning to consult on the issue in the next quarter
Will increase its workforce to 5,000 staff members by the end of March 2024
Rule ‘should be seen as a floor, not a ceiling’
Additional £5,000 top up also announced in spring budget.
Industry commentators warn this could ‘backfire’ on British businesses
In a bid to ‘encourage second homeowners to sell their properties’
Change estimated to bring in £2.7bn each year