Liz Field, chief executive of Pimfa, looks back at a trio of huge regulatory projects – and ahead to what the coming year has in store for the trade body and its membership
UK regulators are to blame for the rise of passive funds amid feelings that active managers have fallen short of expectations, according to Alan Steel
The unanswered question coming out of the FCA fining Invesco Perpetual £19m yesterday is: why did nobody else spot this?
Since its introduction in April last year the FCA has been incredibly stringent on fining firms and then telling the world about it as a lesson to others.
Three years ago the Gartmore saga relating to suspected wrongdoings by Guillaume Rambourg understandably dominated headlines across the trade and national press.
A collective calling itself the Outsourcing Working Group has laid out principles for asset management companies to work within to improve the functionality of their outsourcing arrangements.
The City regulator has spent more than £100,000 on social media, clocking up its bill by training staff on Twitter and Facebook as well as monitoring and analysing online platforms.
Hector Sants has decided to leave Barclays after taking some time out due to stress.
The number of Skilled Person reports ordered by the City regulator has fallen by close to 20% since it revamped the way it conducts its investigations.
The Financial Services Compensation Scheme (FSCS) has placed a string of firms into default, including P3 Wealth Management which last year was banned by the regulator over unregulated collective investment scheme sales.
Barclays’ Hector Sants has taken three months’ leave because of stress.
The FCA has completed the restructure of its supervision division with the hire of four directors that will head up key areas within it.
