Former Investment Association chief Sears joins Marlborough and IFSL
Former Investment Association interim chief executive Guy Sears has joined Marlborough Fund Managers and IFSL as a non-executive director.
Regulation
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FCA knuckles rapped over complaints handling procedure
The FCA has been criticised by the Complaints Commissioner for parts of its handling of a complaint by a former company chair, and told to review its processes.
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FCA spares dealing and portfolio services from PRIIPs requirements
The FCA has said investment dealing, portfolio management and custody services will not fall under major new EU disclosure rules.
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Soaring compliance costs could eat up tenth of firms’ revenue
The rocketing costs of compliance could eat up a tenth of firms’ annual revenues in the next five years, wealth managers fear.
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Kames: IA’s ‘hokey cokey’ makes UK Equity Inc sector redundant
The Investment Association has been accused of doing the ‘hokey-cokey’ with the UK Equity Income sector by two Kames Capital managers, so much so they believe the sector has become ‘redundant’.
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FCA: Half of investment complaints upheld in H2 of 2016
Half of all complaints made against investment products were upheld in the second half of 2016, according to the latest data released by the FCA.
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FCA ‘overplaying’ failing asset manager threat
The failure of a large asset manager and its potential impact on market stability will be one of the key focuses for the FCA this year.
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FCA sets out adviser fee hike
The FCA has proposed a 4.7% hike in fees for advisers and brokers as part of its 2017/18 business plan.
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Morningstar questions FCA’s sums in market study critique
Morningstar has hit back at the FCA over its market study critique of fund ratings agencies.
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FSCS cuts levies but wealth managers facing higher bill
The Financial Services Compensation Scheme (FSCS) is raising its investment intermediary levy for the 2017/18 year by £4m in spite of an overall budget cut.
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FCA extends robo-advice work in fintech push
The types of firm that can approach the FCA for help developing new robo-advice products has been expanded.
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FCA bans AIM bosses for market abuse
The FCA has banned two Alternative Investment Market (AIM) financial controllers for market abuse.
