IMA launches single pounds and pence fee plan
The IMA’s pounds and pence single fee plan has been formally ratified by the Financial Reporting Council.
Regulation
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PA ANALYSIS One cost to rule them all
The FCA's review of the clarity of fund charges shows that there remains a long way to go to a single number that investors can use to compare one fund with another.
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FCA calls for fund charge consistency
The FCA today urged fund managers to focus on the ongoing charges rather than annual management charges in a bid to improve transparency.
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FCA finalises dealing commission rules
Under new rules announced by the FCA, investment managers will only be able to pay for substantive research with dealing commissions.
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FCA hits Invesco Perpetual with fine
Investors were not clearly informed of risks and the firm’s use of derivatives, the financial regulator has said.
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Biggest issues facing wealth managers today
Falling adviser numbers and an advice gap are just two of the wave of changes that are uppermost in wealth managers minds, according to research company Aite Group.
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Industry gives mixed reaction to MiFID rules
The IMA has given a thumbs up to the revised MiFID rules, though stressed is doubtful whether they will ensure efficiency and free and fair competition.
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Asset managers miss out on eur1bn of profit
Failing to take full advantage of the freedoms granted under UCITS IV legislation could mean fund managers are missing out on profits.
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IMA to take on ABI remit
Some of the remit of the ABI will be assumed by the IMA as a new trade body forms covering “the whole waterfront” of investment activity.
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FCA list reveals most complained about FS firms
Hargreaves Lansdown, Barclays Stockbrokers and Santander received the most investment-related complaints in the second half of last year, though overall grievances with financial services firms fell, according to the FCA.
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FCA seven key risks for the year ahead
As the FCA identifies seven key risk areas present in the financial markets for the year ahead in its ‘Risk Outlook 2014, members of the industry give us their views.
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FCA slaps Santander UK with 12m fine
The FCA has fined Santander UK £12.4m for serious failings relating to investment advice.
