Woodford Investment Management has admitted it failed to disclose increases to its Raven Russia holding made over the last year, as it continues to add to the investment company in the wake of US sanctions.
The Financial Conduct Authority has refused to approve a compliance officer with nearly 20 years of experience from carrying out certain controlled functions on behalf of online trader Goldenway Global Investments.
Adviser firms and asset managers will be brought under the FCA’s Senior Managers and Certification Regime from 2018, the watchdog has announced.
The expiry of the ‘sunset’ clause will bring pressures for advisers, but asset managers may come under particular strain, argues a new white paper from platform Nucleus.
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.
