Complex financial crime key driver of rising compliance costs
More complex financial crime and a growing regulatory burden have together been the driving force behind rising compliance costs, a recent survey has revealed.
Regulation
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FOS orders wealth manager to pay client compensation
A man who complained about advice from Legacy Wealth to invest two-thirds of his pension pot into an unregulated UCIS has won his case at the Financial Ombudsman.
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Fund fraudsters fined £2m after FCA investigation
A long-running FCA investigation has finally ended after eight men were convicted and fined more than £2m for running an unauthorised fund.
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FCA finds 40% of advice provides ‘unacceptable’ disclosure
The Financial Conduct Authority (FCA) has found “unacceptable” levels of disclosure in over 40% of the financial advisory sector as it releases the results of its Assessing Suitability Review.
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Caddick: Failing on Mifid II ‘not an option’
Fund groups are still not fully prepared for the introduction of Mifid II despite that not being ready is “not an option”, Santander Asset Management’s Tom Caddick has said.
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Mifid II: What you need to know
The new Mifid II regulation casts a wide net in terms of the investment companies and professionals it impacts. FE unpacks the biggest changes and what they mean for managers and advisers.
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Toogood: Fund managers need a post-RDR reality check
Asset managers should take a page from the book of IFAs, and focus more on outcomes for their clients than one-upping competitors, according to The Adviser Centre’s Peter Toogood.
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Dear PM… Brewin chief demands May act on savings crisis
Intergeneration wealth disparity, tax simplification and removal of the £1m lifetime pension allowance are all addressed in a remarkable letter to the prime minister from Brewin Dolphin CEO David Nicol.
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AJ Bell launches online hub to cut through due diligence confusion
AJ Bell has launched an online hub to help advisers and wealth managers navigate the tricky world of due diligence when choosing investment platforms.
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IMFA’s Field: ‘Blurring of the edges’ in adviser/wealth manager business
The FSCS levy and understanding the value of advice will be the first IMFA projects, with chief Liz Field admitting she does not yet know the figures in the overlap between WMA and APFA members.
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Peter Mann: RDR has failed to bring advice to the masses
Industry stalwart Peter Mann has said the financial planning sector needs to come up with regulation that works for everyone.
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WMA and APFA merge to form IMFA
The Wealth Management Association (WMA) and the Association of Professional Financial Advisers (APFA) are to merge to form a new industry body, IMFA
