New IFA trade body aims to fight for regulatory accountability
A new trade association representing UK financial advisers has been launched to give the industry a louder voice in discussions with government and regulators.
FCA
-
-
Clearing the active passive fog around increasingly blurred lines
Post-RDR, the passive and active camps have both moved on, with debates around active share, index biases and cost all coming to the fore in the spirit of innovation.
-
Wealth managers face it squeeze from ‘very tight’ mi fid ii timeline – wma
The time line for the roll-out of the implementation of MiFID II does not leave a lot of breathing room for wealth managers to get their technology up to speed, the Wealth Management Association said.
-
Charles stanley strikes deal with panmure gordon
Charles Stanley has entered into an exclusive agreement with Panmure Gordon to sell off the Charles Stanley Securities unit, excluding the equity sales trading operations.
-
Holborn assets enters uk with two new offices
Dubai-based financial advisory group Holborn Assets has launched two offices in the UK as it looks to take advantage of the “incredible growth opportunities” in the region’s post-retail distribution review international business.
-
FCA fines Merrill Lynch Int’l record £13m for reporting failings
The UK’s Financial Conduct Authority has fined Merrill Lynch International more than £13m for transaction reporting failures, the highest penalty of its kind ever recorded.
-
UK regulators to blame for rise of passives
UK regulators are to blame for the rise of passive funds amid feelings that active managers have fallen short of expectations, according to Alan Steel
-
Charles stanley cuts dividend as part of wealth refocus
Charles Stanley has cut its total dividend for the year to end March 2015 to 5p per share and is planning a £15.8m share placing in an effort to rebuild its capital levels and refocus the business.
-
FCA proposes extension of inducement
The Financial Conduct Authority has proposed extending the inducement standards set out by the Markets in Financial Instruments Directive II (MiFID II) to those providing restricted advice and to discretionary managers.
-
Asset managers should expect increased scrutiny
Suitability standards in the asset management industry are set to come under Financial Conduct Authority scrutiny in 2015/16, the regulator said in its business plan for the period.
-
Govt report expected to criticise
The UKs financial watchdog will face serious criticism this week over its announcement of an inquiry which caused stocks to plummet across the insurance market, reports suggest.
-
FCA bans two former TMI directors
Two former directors of failed financial advisory firm TailorMade Independent (TMI), which advised clients on self-invested personal pension (SIPP) transfers into troubled overseas property company Harlequin, have been banned by the Financial Conduct Authority (FCA).
