FCA outlines terms for asset management study
The FCA has published terms of reference for its asset management market study, focusing on industry competition, remuneration and the role of investment consultants.
FCA
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FCA chairman wants ‘less is more’ approach to wealth manager regulation
FCA chairman John Griffith-Jones has spoken out on the “realistic, if not ideal” delay to MiFID II, while acknowledging the need for a “less is more” approach to the regulation of wealth managers
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FCA asks industry to ‘road test’ new ideas
The Financial Conduct Authority is hoping its ‘regulatory sandbox’ – a proposed test environment for innovative new products and services – will help retain its position as Europe’s leading fintech centre.
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Zurich urges UK advisers to speak up on long-stop rule
Financial advisers need to ensure they have their say on the UK complaints long-stop proposal to help shape what the legislation could look like, said Zurich’s head of retail platform strategy.
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FCA seeks better customer communications
The Financial Conduct Authority (FCA) launched a consultation on Thursday to remove a number of ineffective communication requirements from its Handbook.
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Tavistock liquidates Standard Financial
UK-based private investment firm Tavistock Investments has placed Standard Financial Group (SFG) and its trading subsidiaries Financial Ltd (FL) and Investments Ltd (IL) into liquidation.
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AILO slates claim int’l life companies complicit in UCIS sales
The Association of International Life Offices (AILO) has criticised a claim that life companies are complicit in the distribution of unregulated investment schemes.
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FCA bans former UBS rogue trader Adoboli
The Financial Conduct Authority has banned Kweku Mawuli Adoboli, the former UBS trader who unauthorised trading caused the Swiss bank to lose $2.25bn, from performing any function in relation to any regulated financial activity.
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FCA announces make up of advice review advisory panel
The Financial Conduct Authority has released the names of the members of the external, expert advisory panel that will assist in the Financial Advice Market Review.
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Sale of unregulated schemes now ‘pandemic’ in expat markets
Unregulated collective investment schemes are increasingly being sold to retail investors in some expat markets since the FCA banned their sale in the UK last year, an advice firm has warned.
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UK complaints long-stop proposal praised by advisers
The Financial Conduct Authority’s proposal to introduce a long-stop for claims against financial advice has been met with optimism by advisers.
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UK Gov’t kick-starts consultation into accessibility of advice
The Treasury and the Financial Conduct Authority (FCA) have jointly initiated a consultation to “radically improve” the access and affordability of financial advice in the UK, the first step in a major review of the industry.