FCA unveils new capital rules for financial advisers
The UK Financial Conduct Authority (FCA) has unveiled a sharp rise in the minimum capital requirements for investment advisers, which will come into force on 30 June 2016.
The UK Financial Conduct Authority (FCA) has unveiled a sharp rise in the minimum capital requirements for investment advisers, which will come into force on 30 June 2016.
The US Securities and Exchange Commission (SEC) is reportedly set to accuse Credit Suisse of misleading investors by improperly inflating reports of the assets under management in its private bank.
The influential chairman of the UK’s Treasury Select Committee has called for a more simple approach to the planned rise in the inheritance tax threshold for the estates of those who die on or after 6 April 2017.
Financial intermediaries in Hong Kong will be liable for client damages claims if it is found that they have sold or recommended a financial product that is not reasonably suitable.
The only ever-constant is change but much of it, says RL360°’s David Kneeshaw is to be welcomed, adopted and benefited from.
With the introduction of South Africa’s RDR fast approaching there are a number of vital issues firms should address, says Brian Foster, founder of Brian Foster Coaching & Consulting, in part one of a series of three articles.
The lack of a significant IFA industry and the concentration of fund distribution channels in the banking sector could hamper Hong Kong’s ambition of becoming the world’s leading fund distribution centre, according to an official report.
Several former England cricket captains have been caught up investing in disputed film schemes that have also seen many high-profile footballers lose millions.
A Spanish taxpayer is appealing to the European Court of Justice (ECJ) over an “excessive” penalty for disclosing his overseas assets a year late, according to global financial advice association Step.
European regulators have announced plans to investigate the increasing use of ‘robo-advice’ in the financial services industry in order to work out what action may be needed to control its growing use.
Small to mid-sized UK financial advisory firms are spending around 12% of their income on direct and indirect regulatory costs, according to the latest annual survey on the cost of regulation by the Association of Professional Financial Advisers (APFA).
Brendan Dolan is a UK expat of 15 years as well as a regional director with Old Mutual International so when it comes to the practical application of change in his market, he is most certainly worth listening to.