absolute return delay an absolute farce
The IMA’s decision to push back the deadline for the results of its Absolute Return sector review has been slammed as “an absolute farce” by the True and Fair Campaign.
Regulation
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rules of engagement
The FSA is upping its efforts in the supervision of wealth managers, with demonstration of suitability top of the list, but this is not the only compliance headache that the industry will have to contend with in 2013.
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advisers ordered to contact all arch cru
Advisers will be forced to write to all investors who were put in the CF Arch cru Investment and Diversified Funds to ask if they would like their case reviewed under a new redress scheme detailed today by the FSA.
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fsa on asset manager outsourcing worries
The FSA has warned asset managers about outsourcing operational activities to external service providers such as international banks.
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sfo arrests three in libor investigation
The Serious Fraud Office (SFO) has made its first arrests connected with the ongoing investigation of the Libor rigging scandal.
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reputation and regulation main IMA concerns
Daniel Godfrey is prioritising reputation and regulation as he starts his new role at the IMA and the asset management industry moves into the new year.
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fsa consults on libor as government
The FSA has proposed new rules and regulations for financial benchmarks in the wake of the Libor scandal which ripped through financial markets in late July.
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ima blasts fsas proposals on absolute return
The IMA has expressed concerns about the FSA’s plans to include risk-related information in certain funds' literature, arguing it would not cover all relevant investment products available in the UK.
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fsa ban products without consultation
The regulator is consulting on options for a new approach to be taken by the Financial Conduct Authority (FCA) which could involve the temporary banning of products without a prior consultation.
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ifas pushed to recommend inappropriate cash
Financial advisers believe there is regulatory pressure to recommend more cash-based products and fewer equity-based funds, research from BDO finds.
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intermediaries may face extra fscs levies
The Financial Services Compensation Scheme (FSCS) may increase its levies on investment intermediaries to cover higher than expected compensation costs.
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asset managers warned fsa corruption probe
Law firm Dechert LLP has warned asset managers of the FSA’s imminent thematic review focusing on corruption.
