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.
FCA
-
-
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.
-
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.
-
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.
-
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.
-
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.
-
analysis applause for fca over ucis
The ban on promoting Ucis schemes introduced by the FCA earlier this week has gone by without so much as one man protesting outside the FCA’s headquarters holding a ‘Paint slogan here’ placard.
-
FCA reveals details of Ucis marketing ban
Enterprise investment schemes, venture capital trusts and ETFs are among the fund structures exempt from the FCA’s ban on the marketing of Unregulated Collective Investment Schemes (Ucis) to retail investors, much to the relief of industry experts.
-
Platform paper puts consumers in the driving seat
Ian Sayers, director general of the AIC, has welcomed the FCA's long-awaited rules outlining how platforms can be paid going forward.
-
fsa accused of shoe-horning as 70 question
The latest survey of regulated firms on their opinion of the FSA and the first on expectations of the FCA will not have made fun reading for the new regulator.
-
More charged in FCA war on financial crime
Two men have been charged by the FCA in relation to an unauthorised investment scheme through which they obtained around £5m in investor cash.
-
pa analysis fca platform paper wedding night
Just before the end of the 2012/2013 tax year, Her Majesty’s Revenue and Customs confirmed it is to subject any rebates received by investors to income tax. From that point on, the FCA platform paper finally published last Friday (26 April) was an easier one to put together as HMRC trumps FCA in more than…