fourth ima managed sector in the balance
The delayed launch of the IMA Mixed Investment 0-35% Shares Sector could happen as ‘early’ as this week since at least two further firms have shown interest in it, the IMA has said.
Regulation
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m and g glaring omission from new ima sector
The IMA has released the list of funds which fall under its new Global Equity Income Sector, with one notable exception the £1.6bn M&G Global Dividend Fund.
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Financial Services Bill needs to be redrafted
A Joint Committee of MPs is asking for wholesale changes to the draft Finance Bill to ensure lines of responsibility for the tripartite regulatory body are clear.
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fsa fines former-ubs adviser
The FSA has banned and fined a former client adviser at UBS £150,000 for breaching Principle 1 of its code of conduct and failing to act with integrity.
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fund houses have plenty of work to do on kiids
Research from Kneip shows that fund houses have plenty of work to do before their KIIDs documents are fully compliant with what the regulators want to see.
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Would the new fsa stop rbs from failing
As the FSA publishes its report into the failure of RBS, we ask whether the new incarnation of the regulator planned for 2012 will make a difference to crisis aversion in the future?
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turner lobbies for greater regulatory powers
FSA approval should be required for all major bank acquisitions and a debate should be held about the potential to allow stronger action from the City watchdog in the future, according to its chairman, Lord Adair Turner.
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fsa to change covered bonds regulation
The FSA has published changes to its regulatory framework for covered bonds, with the aim to increase the transparency of these investments and align the UK regime to those in other countries.
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transact-owner hit with FSA fine
Transact-owner, Integrated Financial Services, has been fined £3.5m for “serious” and long-running breaches relating to client money.
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smaller ifa firms rdr-ready first
Larger advisory firms are lagging their smaller counterparts in gaining appropriate qualifications in time for the implementation of RDR.
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shillito lambasts fsa over death bonds stance
Neil Shillito takes the FSA to task about its description of life settlement plans at ‘toxic’.
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ima sector relabelling a lost opportunity
The IMA has missed out on a vital opportunity to clarify the risk level of funds by following the ABI managed sector model, according to Mike Webb chief executive of Rathbone Unit Trust Management.
