Threadneedle fined £6m over Gersamia fraud case
Threadneedle Asset Management has been fined more than £6m by the FCA following an attempted fraudulent trade involving former emerging market debt fund manager Vladimir Gersamia.
FCA
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One in three wealth managers not up to scratch on suitability – FCA
One third of UK wealth managers’ suitability reports currently fall short of the Financial Conduct Authority’s expected standards, the regulatory body said on Wednesday.
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Vanguard finds advisers split on robo-advice
Two-fifths of UK wealth managers believe robo-advice offers the potential for greater efficiency and to attract new clients in the next five years, according to a survey from Vanguard.
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FCA outlines terms for asset management study
The FCA has published terms of reference for its asset management market study, focusing on industry competition, remuneration and the role of investment consultants.
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Former Aviva Investors analyst banned by FCA
A former investment analyst at Aviva Investors, Mothahir Miah, has been fined £139,000 and banned from FCA-regulated activity after ‘cherry picking’ trades.
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FCA chairman wants “less is more” approach to wealth manager regulation
FCA chairman John Griffith-Jones has spoken out on the “realistic, if not ideal” delay to MiFID II, while acknowledging the need for a “less is more” approach to the regulation of wealth managers
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McDermott hints at softer regulatory touch
Tracey McDermott, acting chief executive at the Financial Conduct Authority hinted at lighter touch regulation in future, suggesting the current volume was unsustainable.
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FCA announces make up of advice review advisory panel
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.
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Regulatory uncertainty frustrating pace of robo-advice growth – Numis
Continued regulatory uncertainty is and will continue to frustrate the growth of the robo-advice industry in the UK, says Numis’ analyst David McCann.
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PA ANALYSIS: Should you be worried by Treasury’s advice review?
With the Financial Advice Market Review now fully in motion following the first consultation, advisers are bracing themselves yet another potential shift in the ever-changing industry landscape.
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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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SHAM: Why I’m thinking big, stale biscuits and tickle sticks
Putting an end to any speculation, I’d like to officially rule myself out of the running as the new head of the FCA.
