FCA mulling increased ‘soft closure’ flexibility
The Financial Conduct Authority is considering improving the flexibility with which funds are able to ‘soft close’.
FCA
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PA ANALYSIS: Communication key for managers to navigate new, older world
Data out from the Association of British Insurers and the Office for National Statistics in the past few days should have asset managers rubbing their hands with a mixture of excitement and trepidation.
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Five in six IFAs’ work incomplete as sunset deadline approaches
Five in six advisory firms are still yet to transfer clients to a fee-based arrangement ahead of next year’s RDR sunset clause, FundsNetwork research has revealed.
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Wheatley ‘disappointed’ to leave FCA with unfinished business
Ousted Financial Conduct Authority boss Martin Wheatley has said he is “disappointed” to be leaving his job at the UK regulator and feels a “sense of unfinished business” at doing so.
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FCA releases final rules to improve banking standards
The Financial Conduct Authority (FCA) has published a final set of rules designed to improve individual accountability and raise standards across the City of London.
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Risk is clearly rewarding for Distribution Technology
A clear understanding of risk and reward has never been more important, and Distribution Technology feels it is well placed to help provide that clarity.
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FCA rejects call for fee freeze, hikes adviser rates
The Financial Conduct Authority (FCA) has rejected calls for a freeze in its fee hikes and has confirmed a 10.2% increase in 2015/16 for financial advisers.
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BoE set to tighten rules on asset managers
Declaring ‘the age of irresponsibility’ over, the governor of the Bank of England has announced plans to extend tough new rules on senior management behaviour to asset managers.
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FCA strengthens risk, oversight with two key hires
The Financial Conduct Authority has taken another step toward the full implementation of its new strategic approach, announcing on Friday a number of internal promotions and two key hires.
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Barclays hit by record £284.4m fine over forex dealings
Barclays Bank has been hit by an unprecedented £284.4m FCA fine for failing to rein in errant practice in its foreign exchange business.
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APFA calls for FCA budget freeze to stem fee rises
The Association of Professional Financial Advisers (APFA) has called for a freeze in the Financial Conduct Authority’s (FCA) budget for the next two years to give its members a break from having to meet its steadily rising fees.
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Advisers adapting well to a post-RDR world
Adaptation to the RDR is having a discernible impact on profitability in the adviser community, with almost two-thirds of businesses saying they are more profitable than in 2013.
