crowdfunding
Crowdfunding has been basking in the spotlight this week, for both positive and not so positive reasons.
FCA
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system failure
Mired in a compliance minefield, the Association of Professional Financial Advisers (APFA) calls on the FCA to reduce the burden of RMAR reporting for the adviser community.
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when will the fca show its teeth over rdr
This morning, the UK’s Financial Conduct Authority revealed its first review into the implementation of the RDR which found some advisers were claiming independent status when in fact they were offering a restricted choice of products or providers.
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Advisers falsely claiming independence
An early FCA review into the adjustment to RDR shows some advisers continue to describe themselves as independent yet are choosing products from a limited number of providers.
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FCA bans broker
A broker has been fined and banned by the Financial Conduct Authority for failing to put into place policies he told a client he had arranged.
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A call to embrace collaborative advice
It seems many in the adviser community remain downbeat on RDR but, even without the regulator(s) undertaking, wouldn't market forces be pushing us in the direction of change anyway?
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Adviser industry shrinks following RDR
There was a 15% drop in the number of financial advisers following the implementation of the RDR, according to updated figures from the Association of Professional Financial Advisers.
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Barclays snare FCA stalwart Sinclair
Christina Sinclair, acting director of retail at the FCA is leaving the regulator to take on a new compliance role at Barclays.
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FCA warning to failing firms
FCA chief executive Martin Wheatley will today outline his vision for a more competitive financial landscape, with the best products and services "thriving", and the worst performing firms exiting the market.
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Nearly half of advisers already scrutinising
Almost two-thirds of advisers will carry out further platform due diligence following the FCA’s platform paper, and of those 44% have already started to do so.
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FCA brings UK in line with EU
The FCA has introduced two legal forms of collective investment schemes as part of its policy statement on the AIFMD, bringing the UK in line with the rest of the EU.
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fca slams xcap securities 120k
Stock broker and asset manager Xcap Securities has been hit with a £120,900 fine for failures relating to the protection of client money and assets, the FCA revealed today.