PEOPLE MOVES: Berkshire Hathaway, Canaccord Wealth, FCA, Tyndall IM
Legendary investor retires at 94
FCA
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Jump in FOS complaints to 141k is ‘an unnerving trend’
49% higher than the same period the year before
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NextWealth’s Heather Hopkins: AI makes financial planning more fun
Industry uptake is still relatively low, explains the NextWealth MD and founder
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FCA AI service will ‘enhance client trust’ in the technology
A regulated testing service will provide a ‘safety net’
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Investment industry calls for clarity as FCA ‘pauses’ SDR rollout for MPS
Regulator will prioritise other work around multi-firm reviews and Consumer Duty
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FCA to launch AI testing service
Open to feedback on the plans until 10 June
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FCA sets out further CCI consultation on fee simplification
Final CCI rules will be set out in late 2025
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Advice will need to be more holistic than ever
Dynamic Planner’s Chris Jones argues for a clear delineation and step up from targeted support to advice
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PEOPLE MOVES: FCA, Quilter Cheviot, Aviva Investors, Allianz GI
Regulator appoints CEO for a second term
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FCA’s targeted support framework could be neither well-targeted, nor very supportive
Unless behavioural differences are taken into account, the framework risks offering solutions that are only superficially suitable, writes Greg B Davies
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FCA and Treasury launch consultation on streamlined regime for asset managers
Including bespoke rules for investment trusts and VCTs
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FCA unveils plan to ‘significantly streamline’ its operations
It will automate roles undertaken by employees, but some expressed ‘nervousness around consumer protections’