AIC calls on Treasury to urgently address investment trust cost disclosure issue
CEO Richard Stone says current disclosure rules are ‘hamstringing demand’ for the trust sector
Treasury
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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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Higher-than-expected UK borrowing could spoil chance for pre-election tax cut
Government borrowing was £6.6bn above target, giving the Chancellor less room for tax cuts
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Treasury’s cost disclosure promise in Autumn Statement ‘welcome’ but pace of change ‘disappointing’
Baroness Altmann warns that a ‘rapid rate of change’ is required
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UK government confirms plans to bring in stricter crypto regulation
Government will bring regulation in line with traditional financial services
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AIC hits out at regulators over lack of action on KID reform
Investment trade body argues use of the Priips documents should be suspended
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Advisers left in limbo over ESG suitability rules post-Brexit
FCA unlikely to stray far from the EU blueprint but one expert warns sustainability rules could take up to two years to materialise
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Government faces push back as it passes the buck on FSCS levy
Advisers have been writing to their MPs over lifeboat scheme’s ‘eye-watering’ levies
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‘Out of control’ HMRC over-taxes by half a billion
HM Revenue & Customs has handed back just under half a billion pounds to individual taxpayers since April 2015, which Royal London says shows the organisation is “out of control” when it comes to over-taxing people and then expecting them to claim it back.
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Negative US treasury sentiment shows little sign of change
Against the backdrop of a US bond market sell-off in January, a look at the performance of European US government bond funds shows that not a single one has beaten the 10-year treasury note return of 7.25% over the three years to 31 December 2017, according to FE Analytics.
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Treasury predicts 16m people to benefit from robo-advice
Asset and wealth managers have been urged to embrace robo-advice in order to reach millions more adults in need of money advice in the UK by a Treasury paper published Wednesday.
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PA ANALYSIS: How to profit from cyber-security, the real ‘stress test’
Amid the fallout from the Bank of England’s all-encompassing stress test, there’s already talk about what wasn’t included – particularly a check on the banks’ ability to withstand a cyber-attack.