IA’s decision to drop new sector plans “disappointing”
The Investment Association’s decision to drop its idea to launch a new mid-cap sector for funds has been branded “disappointing” by fund pickers.
Regulation
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Most asset managers will not be Mifid II compliant before Q4
Although the debut of the new Mifid II rules is just six months away, the vast majority of asset managers will not be fully compliant before Q4, according to a new survey conducted by Rsrchxchange.
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FCA to overhaul pension transfer advice rules
Advice on pension transfers is to be provided as a personal recommendation and transfer value analysis replaced with a comparison to show the value of the benefits being given up under plans announced by the FCA on Wednesday.
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FCA chairman John Griffith-Jones to step down in 2018
The chairman of the UK’s top financial watchdog is to step down at the end of March 2018, it has been confirmed following earlier press leaks.
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Regulation to make life ‘harder and harder’ for wealth firms
Regulation will make the job of a wealth manager “harder and harder” over the coming years, Quilter Cheviot’s Mark Hallam has said.
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FCA ‘sandbox’ helps test the waters of fintech revolution
New face recognition and blockchain technology built by financial firms is due to be tested in the coming months as part of the FCA’s second regulatory sandbox.
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PA ANALYSIS: Margin pressure points to more fund group M&A
The headlines say fund groups’ profits fell, but what else can we learn from McKinsey & Company’s Asset Management 2017 report into the European funds industry?
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Wealth firms ‘unprepared’ for game-changing data regulation
Most wealth managers are unaware of the need to prepare for game-changing new data protection rules coming into force in less than a year’s time according to two industry consultants.
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IFAs favour Tory victory; fear election aftermath
Advisers favour a Conservative victory in the UK general election as nearly one in three say uncertainty over the result and its aftermath are a major concern for their business, research from MetLife shows.
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Celebrity film scheme to appeal £700m tax case decision
British investment advisory group Ingenious Media said it will appeal an August 2016 Tax Tribunal ruling on the status of its film production partnerships which date back as far as 2002 and involve many famous actors and footballers.
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Film scheme for the stars loses £700m tax avoidance case
A film scheme that counted David Beckham, Wayne Rooney and Gary Lineker among its investors has lost a court challenge to overturn a £700m ($899m, €802m) tax bill.
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IA contemplates UK mid-cap sector
The Investment Association is soliciting feedback from members on bringing in a mid-cap sector to its classification.
