FCA relaxing 10% rule does not mean advisers can shirk duty to clients
Regular contact remains vital to prevent clients feeling investment manager has failed them
MiFID II
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Andy Bell says coronavirus makes 10% rule like flagging a leaking shower on the Titanic
Financial Conduct Authority relaxes the Mifid II measure until 1 October
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Mifid II rules saved investors £70m within six months
FCA review finds unbundling research has driven competition and efficiencies
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Financial advisers unimpressed with Mifid II
Industry says it’s failed to deliver on objectives to improve integrity, fairness and efficiency
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Mifid II and low fees help boost Tatton assets by 25%
CEO touts 0.15% fee where others charge up to 2%
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Platforms drag their feet on Mifid II ex-post charges
14 platforms detail where they’re at with sending client statements
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FCA riles industry with unprecedented lack of enforcement on Mifid II
Over 1,000 investment firms are calculating transaction costs wrong
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If the cap fits… keeping portfolio charges in check
Fee caps on individual fund or aggregate portfolio level can add an element of discipline to fund selection
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FCA fines Goldman £34m for Mifid reporting failures
13 other firms have already been stung over similar Mifid breaches
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Investor relations facing perfect storm of demands
Half of all investor relations officers have seen their budget increase since Mifid II
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Gina Miller: FCA costs and charges review misses the point
Mifid II is ‘legislation not guidance’ so penalties for non-compliance should be stricter
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Mifid II finds cheerleaders among ‘over-brokered’ industry
‘Small companies do not have a divine right to be covered’