M&G and Schroders to leave the Investment Association
M&G Investments and Schroders are poised to leave the Investment Association after opting not to renew their memberships with the industry body.
Regulation
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FCA overhauls UK pension rules to boost consumer protection
The UK Financial Conduct Authority (FCA) has unveiled a wide-ranging review of its pension regulations to increase consumer protection following the new freedoms introduced by the government in April.
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ESMA publishes final standards for MiFID II
The European Securities and Markets Authority (ESMA) has released its final technical standards for MiFID II and the Market Abuse Regulation (MAR), which set out how the new legislation will work in practice.
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Bridging the advice gap
The recently announced Financial Advice Market Review will not only benefit consumers but also wealth management firms that are prepared to adapt and evolve
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FCA fines former Keydata exec £350,000
Former Keydata Investment Services finance director Craig McNeil has been fined £350,000 and banned from performing any role of “significant influence” relating to life settlement bond sales that took place six years ago.
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FCA finalises ExCo with Philipou hire
Georgina Philipou has been appointed chief operating officer at the Financial Conduct Authority.
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IA calls for MiFIR bond rethink
The Investment Association has called for a rethink of some of the trading rules to be proposed in the details of the Markets in Financial Instruments Regulation (MiFIR).
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FSCS: Advisers liable for losses linked to Arck investments
The UK’s lifeboat scheme has ruled that failed financial advisers who gave bad advice to invest in property investment scheme Arck LLP are liable for losses.
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New IA working group to investigate executive pay
The Investment Association has established an executive remuneration working group in a bid to simplify what it acknowledges are complex pay structures.
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IA sectors review – an “obvious path” of progress
The Investment Association has undergone some dramatic changes over the past few months, reflective not only of its growing mandate but also the increasing importance of the investment industry.
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FCA mulling increased ‘soft closure’ flexibility
The Financial Conduct Authority is considering improving the flexibility with which funds are able to ‘soft close’.
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What you need to know about the EIS outlook
Sarah Wadham, director general of the Enterprise Investment Scheme Association, reveals what wealth managers need to know about the risks, attractions and benefits of EIS in 2015 following the Summer Budget.
