Value assessments generate £30m of savings for investors
More than 320,000 customers have been switched into cheaper share classes following FCA crackdown
Regulation
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FCA notice period proposals could be the ‘death knell’ for retail property funds
Model portfolios in particular could struggle to accommodate a 180-day notice period
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Competition watchdog halts FNZ acquisition
Tie-up between FNZ and GBST could lead to millions of platform customers facing higher fees and lower quality services
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Baillie Gifford value assessment flags underperformance in fixed income funds
Scottish asset manager shuts two bond funds, while five funds are being monitored
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How can advisers survive 140% hikes in regulatory fees?
‘The polluter seldom pays and the burden is lumped upon well-run, low risk firms’
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SJP value assessment leaves questions over whether it has addressed FCA requirements
Wealth manager creates confusion by using bundled fees to compare its funds to rivals without advice offerings
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MPs to scrutinise scams in first stage of pension freedoms inquiry
Work and pensions committee revealed its review will be broken down into three parts
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Tavistock sets aside £2.1m to pay for rogue adviser fraud
Several victims already approached the company with claims after losing £4.5m
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Melville Rodrigues: How to tackle ‘tick box’ compliance on fund boards
UK fund boards should pre-empt the FCA needing to impose further mandatory reforms
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Weekly outlook: Remdesivir drug maker and SJP among flurry of results; Fed chair Jay Powell weighs rates
The key events for UK wealth managers for the week starting 27 July
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Advisers forked out £110m on PI insurance in 2019
Average premium across the industry was £24,079
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Brexit barriers push Tam Asset Management to open Mallorcan office
‘Thorny issue of passporting rights’ prompted the firm to establish a European base
