The Financial Conduct Authority (FCA) is investigating more than 150 Coronavirus-related scams since the outbreak began, according to official figures.
The PLSA has published guidance to help DB and DC trustees navigate the new requirements to publicly disclose their investment and responsible investment activity over the previous year in an “Implementation Statement”.
Any UK business conducting crypto asset related activities will have to register with the FCA by today (30 June, 2020)or cease trading in 2021.
Calls grow for ‘new generation’ UK funds regime to boost industry post Brexit and encourage regional economic growth
Boutique asset management think tank New City Initiative (NCI) is calling for the development of a new UK fund structure that could rival UCITS and AIFs, while decentralising fund management in the country and encouraging regional growth.
UK financial services face an uncertain future post-Brexit, and leading voices are warning that the country’s dominant services sector has been overlooked in the trade negotiations with the EU.
The UK’s Financial Conduct Authority has taken steps to improve the advice given to those considering transferring their defined benefit pensions, by banning financial advisers from “contingent charging”. The practice has, in the past, allowed financial advisers to charge for advice only if a transfer goes ahead.
The Financial Conduct Authority (FCA) has begun a review into the use and value of data and advanced analytics in wholesale financial markets, both now and in the future.
NCI, a boutique asset management think tank, is calling for the development of a UK fund structure that could compete with UCITS and AIFs in Asia-Pacific (APAC), in order to strengthen the global distribution footprint of UK funds and their position in the region.
While it may well be clear to the UK fund industry and its regulator what went wrong with the Woodford Equity Income Fund, to date, very little has been proposed to correct matters and prevent a repeat, writes Jan Wagner…
New FCA regime’s failure to include appointed representatives is an oversight, saysSturgeon Ventures
The Senior Managers & Certification Regime that comes into effect today (9 December) is a positive step for the financial services industry – but its failure to include Appointed Representative Firms (ARFs) and their individuals is an oversight, according to Sturgeon Ventures, a regulatory incubator.