MiFID II will have significant and wide-ranging implications for the strategy, operations, conduct, and governance of a wide range of firms in Europe, even ahead of its implementation on 3 January 2017, according to Deloitte.
Tracey McDermott, acting chief executive at the Financial Conduct Authority hinted at lighter touch regulation in future, suggesting the current volume was unsustainable.
The Financial Conduct Authority (FCA) launched a consultation on Thursday to remove a number of ineffective communication requirements from its Handbook.
Much more work on policy options is needed to assess the danger posed to markets by investment fund liquidity, Sir Jon Cunliffe, deputy governor for financial stability at the Bank of England said on Thursday.
A large part of any solution to the growing advice gap in the UK will be reducing the rising cost of being in the advice business, Apfa says.
Full commission bans did not materialise in the agreed texts for both both MiFID 2 and the IDD. Paul Stanfield of FEIFA looks at the likely future of remuneration for financial advisers.
The Financial Conduct Authority has released the names of the members of the external, expert advisory panel that will assist in the Financial Advice Market Review.
The Financial Conduct Authority’s proposal to introduce a long-stop for claims against financial advice has been met with optimism by advisers.
The Treasury and the Financial Conduct Authority (FCA) have jointly initiated a consultation to “radically improve” the access and affordability of financial advice in the UK, the first step in a major review of the industry.
BlackRock has not been among the firms considering ending their membership of the Investment Association either before Daniel Godfrey stepped down as CEO or at present, it is understood.
Aberdeen Asset Management, Fidelity Worldwide Investment, and Invesco Perpetual may be reconsidering their position as members of the Investment Association, reports indicated.
Bellpenny is showing no signs of quitting the acquisition trail as CEO Nigel Stockton warns of advisers being forced to adopt a come one, come all approach by early 2016.
