View more on these topics

FCA launches support hub for new asset managers

Property-Building-Growth-House-Housing-700x450.jpgThe FCA has launched a hub for new asset managers looking to get authorised with the regulator.

While the FCA is clear this will “not lower entry standards to the market” and asset managers will still have to meet equally “rigorous standards” before being accepted, the regulator will be providing assistance both before, during, and after authorisation.

Dedicated case officers, with pre-application meetings and a new website portal, are part of “phase one” of the hub kick-started today.

300 new asset managers were approved last year, taking the FCA’s total to more than 3,000. The FCA is aiming to help clarify its expectations, engage with new entrants better and make information easier to get hold of with the hub.

FCA spends £1.8m on innovative firms project

FCA executive director of supervision Megan Butler says: “The asset management sector is important for the UK economy.

“We want to aid new entrants to the market and the hub will help new firms understand us better as an organisation.”

The FCA is planning to introduce new phases to the hub next year.

Recommended

1

FCA spends £1.8m on innovative firms project

The FCA has spent more than £1.8m on a programme designed to bring new and innovative businesses into the financial services market. Since it launched in October 2014, “Project Innovate” has cost the regulator £1,853,840, a Freedom of Information Act request has revealed. Project Innovate houses the FCA’s newly created Advice Unit, which works with firms looking […]

Leap of faith: Will performance fees restore trust in active managers?

Performance fees are in the spotlight, but will they work for active managers? Fund managers are starting to rethink how they charge as big names take on the competition with new performance-linked models. Last week, Fidelity International announced a radical move to a so-called fulcrum fee, igniting a debate on whether performance-aligned fees could be a […]

Tapering of annual allowance – adjusted and threshold income

The definitions of adjusted income and threshold income used to determine whether, and to what extent, someone’s annual allowance will be reduced can be confusing.  Here we try to make sense of it all. The annual allowance will be reduced for high income individuals from 6 April 2016.  Our previous article Tapering of annual allowance […]

Martin Foden discusses how convenience is affecting the construction of fixed income portfolios

In this short video, Martin Foden, head of credit research at Royal London Asset Management, discusses how convenience is affecting the construction of fixed income portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment