are you advising any of these tax fraudsters
HM Revenue & Customs has published a list of its most wanted tax criminal fugitives, the second year it has done so.
Regulation
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Client confidence up as a result of RDR
The RDR has boosted consumer confidence and has the potential to further improve it, a survey of financial advisers has found.
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cpd essentials launched by pfs
The Personal Finance Society (PFS) has launched CPD Essentials to help advisers complete what its CEO terms “so much more than a regulatory box-ticking exercise”.
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pra publishes capital requirements consultation
The Prudential Regulation Authority (PRA) has published a consultation paper on changes to its rules required to implement EU capital requirements for financial services firms.
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FCA prosecutes firms
At least 16 firms and individuals are being taken to court by the FCA for illegally promoting and/or operating collective investment schemes in the UK.
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Post RDR advice price hike fails to materialise
More than three quarters of financial advisers have not changed their hourly rates following the RDR, research conducted by APFA has revealed.
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system failure
Mired in a compliance minefield, the Association of Professional Financial Advisers (APFA) calls on the FCA to reduce the burden of RMAR reporting for the adviser community.
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Investors sole benefactors AIFMD
Just over half of alternative investment fund managers (AIFMs) expect more funds to flow into alternative investment vehicles as a result of easier access following the alternative investment fund manager directive (AIFMD) which became law today.
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FCA bans broker
A broker has been fined and banned by the Financial Conduct Authority for failing to put into place policies he told a client he had arranged.
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Nucleus probe ownership model
Nucleus is reviewing the ownership structure of its platform as it could be creating a conflict of interest and be contrary to the requirements of the RDR.
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Clients take RDR on the chin
Clients are less concerned about the RDR than advisers as more than double the proportion of advisers remain negative towards the legislation than clients.
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IFAs point the finger at banks
22% of IFAs expect an increase in the number and size of fines inflicted on firms, while more than half will avoid more providers because of poor information management systems, according to research by EDM Group.
