Mifid II still a big concern for IFAs
Brewin Dolphin talks about the challenges the wealth sector is facing
Mifid
-
-
Can IDD advisers still instruct Malta pension trustees?
Changes by the local regulator could cause significant problems for those with the ‘wrong’ licence
-
Financial advisers unimpressed with Mifid II
Industry says its failed to deliver on objectives to improve integrity, fairness and efficiency
-
Advice firms interpret cost disclosure rules ‘inconsistently’
The UK’s financial watchdog has reviewed wealth managers’ performance on disclosure requirements
-
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
-
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
-
Product governance rules high on UK regulator’s agenda
The FCA’s focus around Mifid II in 2018 was on cost and charges
-
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.
-
FCA to ‘onshore’ EU rules in event of no transition
Rules including Ucits, Mifid and AIFMD to be directly incorporated into FCA handbook
-
Mifid II is widening the advice gap
Regulation is forcing advisers to deal only with wealthier clients
-
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.
-
Massive differences uncovered by robo adviser secret shoppers
European robo advice operators have been severely criticised in a report which found fees obscured as well as “inexplicable” portfolio and performance differences.