Close Brothers halts dividends amid FCA review into motor finance industry
Comes amid half-year company results
Financial Conduct Authority
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FCA increases spending and aims to bolster UK stockmarket in 2024/25 business plans
Will increase its workforce to 5,000 staff members by the end of March 2024
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Home REIT threatens legal proceedings against parties ‘responsible for wrongdoing’
Amid the FCA’s investigation into the investment company
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Could one spreadsheet column solve the cost disclosure crisis for trusts?
Gravis’s Bill MacLeod explains how a FinDaTex tweak could prevent double-counting of investment company costs
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AJ Bell increases cash interest rates after FCA platform warning
Will also cut trading fees
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FCA warning on platform cash rates could prompt profit squeeze
JP Morgan analysts warn of threat to profitability
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Iboss renames Income MPS range to target retirees
Follows the upcoming FCA review on retirement income advice
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FCA provisionally fines Jes Staley £1.8m and bans him from the industry over Epstein links
Watchdog said Staley ‘recklessly approved’ a misleading letter
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Calls for judicial review into FCA as investment trust sector faces extinction
Cost disclosure regulation has been called “illegal and irrational” amid an “emergency situation” for investment companies
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Momentum’s Parfect: ‘Terrifying’ FCA guidelines are forcing a shrinking allocation to investment trusts
Momentum’s Richard Parfect discusses why FCA guidelines have led to misleading reporting costs for investment trust investors
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Rathbones and Investec W&I given the go-ahead for all-share merger
The deal is due to take place on 21 September
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13 St James’s Place funds delivered ‘insufficient value’ in latest AoV report
Funds that failed include Balanced Managed, Japan and Strategic Income
