Mifid II – was it really worth all the fuss?
It can be described ‘as a camel which started as an intended horse, designed by committee’
Mifid
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Mifid II still a big concern for IFAs
Brewin Dolphin talks about the challenges the wealth sector is facing
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Can IDD advisers still instruct Malta pension trustees?
Changes by the local regulator could cause significant problems for those with the ‘wrong’ licence
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Financial advisers unimpressed with Mifid II
Industry says its failed to deliver on objectives to improve integrity, fairness and efficiency
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Advice firms interpret cost disclosure rules ‘inconsistently’
The UK’s financial watchdog has reviewed wealth managers’ performance on disclosure requirements
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Turning to platforms to tackle Mifid II
A lot of responsibility has fallen on advisers, but a lot of the work has been picked up by platforms
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Wealth manager calls on FCA boss to quit over Mifid II
Financial Conduct Authority CEO admits no firm has faced enforcement action on fee transparency
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Product governance rules high on UK regulator’s agenda
The FCA’s focus around Mifid II in 2018 was on cost and charges
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Is Mifid II working?
Mifid II has proved every bit as problematic as we feared. The development budget consumed across providers, advisers and discretionary fund managers (DFMs) in the lead-up to launch amounts to more millions than anyone cares to add up. And the spending hasn’t stopped.
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FCA to ‘onshore’ EU rules in event of no transition
Rules including Ucits, Mifid and AIFMD to be directly incorporated into FCA handbook
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Mifid II is widening the advice gap
Regulation is forcing advisers to deal only with wealthier clients
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Gina Miller takes action against FCA over Mifid II silence
The UK’s Financial Conduct Authority has been taken to task for a lack of transparency over its enforcement of Mifid II rules around costs and charges by Gina Miller, co-founder of wealth management firm SCM Direct.