Baillie Gifford’s Budden: 2023 ‘much more stable’ year for flows amid growth rally signals
Director of marketing and distribution James Budden speaks to Portfolio Adviser following Assessment of Value report
FCA
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13 St James’s Place funds delivered ‘insufficient value’ in latest AoV report
Funds that failed include Balanced Managed, Japan and Strategic Income
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WH Ireland shares plummet after urgent placing and wind-down warning
Cash had fallen below FCA capital requirements before £5m was raised through rapid sale of ordinary shares
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Battle of the banks: Should investors turn to challengers or stick with incumbents?
Several fund managers debate the merits of investing in the ‘Big Five’ lenders amid a busy month for the sector
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Man charged with fraud by FCA over £1.3m unauthorised ‘fund’
Daniel Pugh convinced investors to buy into his ‘Imperial Investments Fund’.
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FCA tightens online financial promotions guidance
Increasing scrutiny of financial influencers on social media
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Bank of England: UK banks well protected from interest rate hikes
The BoE’s Financial Stability Report warns that market-based finance sector remains ‘vulnerable’
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Chancellor Hunt addresses inflation, regulatory shifts and reform in Mansion House speech
High levels of inflation are ‘not insurmountable’ amid ‘resilient’ UK economy
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FCA director of ESG defends ‘sustainable improver’ fund label
Sacha Sadan addressed concerns over SDR during Morningstar’s Investment Conference
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FCA: ‘Gaps observed in liquidity management’ could lead to ‘risk of investor harm’
Regulator warned that firms lack arrangements to combat market-wide redemptions
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FCA to grill bank bosses as cash rates lag investment platforms
CEOs of Barclays, HSBC, Natwest and Lloyds have been asked to attend a meeting
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FCA widens retail investor access to LTAFs
But the move has received mixed reviews from industry commentators