Regulation

FCA warns of fraudulent Jupiter clone firm

The FCA has warned consumers that a scam firm has been pretending to be Jupiter Asset Management. The clone firm, has been operating under the name of “Jupiter Fund Management” but is not related to the real Jupiter. According to the FCA, fraudsters are using the details to convince people they are an authorised firm. Jupiter […]

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FCA moots new rules for fund objectives

The FCA has published a further consultation on how information on funds can be made clearer. In a highly anticipated policy statement published today, the FCA has set out the next steps to solve some key concerns it found within the investment industry following a widespread sector review. In July, the FCA released the findings of the […]

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FCA to probe Aviva preference shares plan

The FCA has launched a review to examine if Aviva‘s plan to cancel its high yielding preference shares broke market abuse rules. Investors pressured Aviva to scrap its plans to cancel £450m of high-yielding preference shares at par value, Last week the insurer said it was not going ahead with the plans. Cancelling the plans […]

EU ban on binary options sales get FCA backing

The European Securities and Markets Authority has introduced a series of measures to restrict the marketing of contracts for difference and ban binary options to retail investors. The limitations, also backed by the FCA, mean that there is a greater protection for investors including restricting the use of leverage and incentives, and more risk warnings on […]

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Sesame remains top of FOS complaints list

Sesame continues to top the complaint charts at the Financial Ombudsman Service, new figures show. The network has been a leader in the list for most of the past two years, despite closing its investment advice arm in 2015. The network faced 88 complaints between July and December 2017, compared to 100 between January and […]

Jupiter: Mifid II cost criticism lacks weight

Head of strategy for the Jupiter Independent Funds Team John Chatfeild-Roberts looks at how Mifid II has hit multi-manager funds following Money Marketing’s reporting on the true costs of the funds. Mifid II provides investors with greater clarity of charges. However, appreciating the difference between value and price is fundamental; of course price is important but […]

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Old Mutual Wealth: Getting to the bottom of negative transaction costs

Old Mutual Wealth‘s Jeremy Mugridge explains why some transaction costs appear as a negative figure on a platform, following a Money Marketing article this week The regulatory regime brought in by Mifid II and Priips is beginning to bed in, and some of the more bizarre implications of the vast legislation are beginning to pop […]

FCA names chief operating officer as Brexit head

The FCA has appointed its chief operating officer Nausicaa Delfas to the new role of executive director of international, where she will be leading the FCA’s response to the Brexit process. In addition to overseeing the operation of withdrawal from the EU, Delfas will be responsible for developing the FCA’s international engagement strategies, and overseeing […]