All-Party Parliamentary Group questions FCA over support for Woodford compensation scheme
MPs Siobhain McDonagh, Bob Blackman and Baroness Bowles voiced concerns over removal of consumer protections
Regulation
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High Court sanctions Link’s £230m Woodford redress scheme
Transparency Task Force considering an appeal
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Asset owners cite regulation as key concern in 2024
But inflation and interest rates remain biggest worry, according to the JPES Partners Asset Management Agenda report
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Boring Money and Broadridge launch Consumer Duty data solution
Brings together Broadridge’s value reporting and data with Boring Money’s demographic and perception data
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A ‘watershed moment’ for digital assets: Industry reacts to US regulator approval of spot bitcoin ETFs
However, investors say the decision does not mark a ‘slam dunk’ for UK approval
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Passives to be ‘significantly underrepresented’ in SDR labels
Morningstar analysis shows high number are not within the scope of FCA labelling regime
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FCA urged to introduce mandatory ethnicity pay gap reporting
Ethnicity pay gap ‘a crucial first step to raising workforce standards across the sector’
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AJ Bell increases cash interest rates after FCA platform warning
Will also cut trading fees
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FCA warning on platform cash rates could prompt profit squeeze
JP Morgan analysts warn of threat to profitability
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The ‘gruffalo’ in the room?: FCA releases interim measures to protect trusts from cost disclosure regulation
Regulators acknowledges that requirements ‘may not result in representative cost information being published’ for investment companies
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FCA releases Sustainability Disclosure Requirements
Long-awaited SDR includes changes such as a fourth fund label, and less prescriptive stewardship and disclosure rules
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FCA approves development of tokenisation for UK funds
Releases stage one of tokenisation plan
