FCA to take action against Neil Woodford and WIM
Also found Link Fund Solutions failed to act with due skill, care and diligence in its management of the Woodford Equity Income Fund
Financial Conduct Authority
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FCA plans to overhaul how asset managers pay for investment research
‘Bundling’ of payments for third-party research could level the playing field for smaller asset managers
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Close Brothers halts dividends amid FCA review into motor finance industry
Comes amid half-year company results
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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