FCA provisionally fines Jes Staley £1.8m and bans him from the industry over Epstein links
Watchdog said Staley ‘recklessly approved’ a misleading letter
Financial Conduct Authority
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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
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Battle of the banks: Should investors turn to challengers or stick with incumbents?
Several fund managers debate the merits of investing in the ‘Big Five’ lenders amid a busy month for the sector
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Man charged with fraud by FCA over £1.3m unauthorised ‘fund’
Daniel Pugh convinced investors to buy into his ‘Imperial Investments Fund’.
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Bank of England: UK banks well protected from interest rate hikes
The BoE’s Financial Stability Report warns that market-based finance sector remains ‘vulnerable’
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FCA: ‘Gaps observed in liquidity management’ could lead to ‘risk of investor harm’
Regulator warned that firms lack arrangements to combat market-wide redemptions
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FCA issues fresh warning over impending Consumer Duty deadline
The new requirements will come into effect on 31 July
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Ruth Handcock: ‘As humans, we do not like talking about money’
Octopus Investments CEO discusses doing innovation well, retail access to private assets and the impact of Consumer Duty on value for money
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FCA takes industry’s temperature on Priips replacement
‘The current rules make it very difficult for consumers to get the information they need’