Ramon Vega’s asset management firm forced to refund £60k of fees
A wealth management firm founded by former Spurs footballer Ramon Vega has been ordered to refund nearly £60,000 in fees by the financial ombudsman.
Regulation
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FCA extends Mifid II rules to DFMs and portfolio managers
The FCA has extended the scope of some areas of Mifid II in its final policy paper on the upcoming rules to ensure the “right regulatory regime” for the UK.
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FCA delays RDR review; M&G chief named panel chair
The Financial Conduct Authority (FCA) is delaying the post-implementation review of the Retail Distribution Review (RDR) and will combine it with the Financial Advice Market Review (FMAR) in 2019.
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FCA delays action on contract for difference products
The FCA has delayed the introduction of new rules for firms selling contract for difference products in the UK.
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FCA chief hails ‘difficult but fascinating’ banking supervision
FCA chief Andrew Bailey has outlined the regulator’s three-pronged approach to supervising the “difficult but always fascinating” retail banking industry.
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Investors hit by £27.7m extra costs in FCA plans
Investors could see fund costs soar by £27.7m a year as asset managers pass on the expensive burden of satisfying new FCA regulations.
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FCA Market Study: What does it really mean for funds?
The FCA has finally released its full report into the asset management industry following a year-long review of the market – but what do its proposed remedies mean for funds?
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Platform providers to face FCA scrutiny
The FCA is to probe how the investment platform market is functioning over fears there is a lack of competition between providers.
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Industry bodies: Firms must ‘rise to the challenge’ of FCA review
The Investment Association has called for a “pragmatic timetable” in implementing the changes brought about by FCA Asset Management Market Study.
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FCA backs all-in fee in scathing final report
The Financial Conduct Authority has stood by its earlier pledge to crackdown on fund charges in a damning final report on the asset management industry, released today.
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Five groups most at risk in the FCA asset management report
With the final report from the FCA’s market study of asset management due on Wednesday morning, speculation is rife about what the long-awaited recommendations could say. We look at the five groups who could face the repercussions.
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The new regulation most asset managers do support
Asset managers have welcomed a new regulation which aims to tackle financial crime and money laundering in the industry, according to a survey by Lexis Nexis Risk Solutions.
