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
Financial Conduct Authority
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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’
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Gamification of trading app worries FCA
Consumers could be induced to take actions against their own interests
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FCA fines broking firm for 56,000 reporting failures
Sigma Broking left ‘potential market abuse’ unreported; FCA metes out fines and bans
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AJ Bell inks £150,000 consultancy agreement with ex-CEO Andy Bell
He will work for the platform at least 48 days a year
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Helena Morrissey to step down as AJ Bell chair
Her departure comes after FCA governance concerns stopped outgoing CEO Andy Bell from joining the board
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ABI calls on FCA for advice re-evaluation
Huw Evans, director general at the Association of British Insurers (ABI), has called on the UK’s Financial Conduct Authority to re-assess the difference between advice and guidance in order to support a wider range of UK consumers.
