Fund set for largest insider trading settlement
SAC Capital is set to pay the “largest ever” amount to settle insider trading allegations.
Regulation
-
-
Can Investors Forum tackle short-termism
The Business, Innovation and Skills Committee has unveiled its report on progress since the Kay Review of long-term decision making in equity markets, which was published last July.
-
RDR helps Coutts but RBS losses weighs
The RDR offering at Coutts has attracted more than £2bn in assets, though the private bank’s parent, state-backed lender Royal Bank of Scotland (RBS), will this morning have struggled to please investors after it posted a £634m quarterly loss.
-
uk fund charges among highest
Investors in Luxembourg and UK domiciled funds pay some of the highest ongoing fund charges in Europe, according to research from Morningstar Denmark.
-
FCA deadline for Ucits fund approvals
The FCA has outlined plans to speed up fund authorisations with measures to help the UK increase its competitiveness against offshore financial centres.
-
Bulk of Barclays clients accept AIG offer
Barclays' wealth arm set aside a £22m provision during the summer to compensate clients invested in the suspended AIG Enhanced Variable Rate fundm and after sweetening its offer it is understood most affected clients have accepted.
-
Aberdeen loses appeal over tax avoidance scheme
HMRC has won a legal battle against Aberdeen Asset Management over an offshore tax scheme used to pay employees’ bonuses.
-
Cost of image overhaul drags down Barclays profits
Profits in the wealth arm of Barclays have been dragged down 68% by the bank’s costly image overhaul, while a fresh scandal over currency price manipulation is brewing.
-
FCA launches asset management review
The Financial Conduct Authority (FCA) has launched a thematic review into asset management as the industry reaches a “crossroad”.
-
Compliance depts are under par
The country's leading 20 asset managers have jitters over qualification and compliance departments' ability to cope as the sector evolves, according to a study by PwC.
-
FCA data is lost to crime
Data on regulated firms – and a recent investigation – has gone missing because FCA staff have been victims of crime, the regulator has revealed.
-
Can fund groups reward staff to stay
When it comes to staff incentives, investment houses have to strike a fine balance between motivating employees while ensuring that their perks can withstand the inevitable regulatory glare.
