‘Back to the Dark Ages’: Industry calls for FCA consultation amid trust test-taking woes
Platforms requiring retail investors to undertake knowledge tests before buying certain trusts is bruising the already-ailing sector
MiFID II
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House of Lords criticises FCA’s application of cost disclosure rules for investment trusts
Financial Services Regulation Committee said retained MIFID and PRIIPS rules has cost the UK an estimated £7bn
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View from the top: Pimfa’s Liz Field on Consumer Duty and the ‘new emerging rule book’
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
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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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The ‘gruffalo’ in the room?: FCA releases interim measures to protect trusts from cost disclosure regulation
Regulators acknowledges that requirements ‘may not result in representative cost information being published’ for investment companies
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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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Asset managers have an important role, they can drive change for the better
Sophie Kennedy, joint CEO of EQ Investors, discusses demonstrating value for money through active engagement, balancing purpose and profit, and encouraging diversity
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10% drop rule ripped up by government
‘Detrimental’ regulation abolished as part of chancellor’s Edinburgh reforms
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Has the Mifid II research unbundling experiment succeeded or failed?
New moves to rollback on some unbundling for small caps hint at problems
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FCA gives DFMs another six-month break from problematic 10% rule
Initial extension to the controversial rule ended on 30 September
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Is AUM the best way for advice firms to segment clients?
£500,000 is different for a young heir versus a retiree
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Advisers struggling to embrace ESG despite impending Mifid II regulation
Nearly half of the UK advice industry is unaware of changes, according to Square Mile