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FCA looks to soften Mifid II fallout

FCA logo glass 2 620x430The FCA is reviewing Mifid II following criticisms that millions of savers are being provided with misleading or false information, The Financial Times reports.

Speaking at the FCA’s asset management conference in London on Tuesday, chief executive Andrew Bailey said introducing some aspects of Mifid II had “not gone as we hoped it would and as we wanted it to”.

Bailey said the FCA is currently analysing how costs and charges disclosure reforms were working.

Asset managers will be invited by the regulator to provide their input in July.

Reiterating the comments he made last month, Bailey also said he was concerned about performance projections under Priips rules.

The Investment Association and adviser trade body Pimfa have both called for reviews of Priips rules, in particular the new Key Information Documents issued to investors.

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Lloyds sells rest of Standard Life Aberdeen stake

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Vitality launches in-house funds in health investment push

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FOS dispels ‘myths’ about bias against advisers

The Financial Ombudsman Service has challenged the view it is biased against advisers and takes an inconsistent approach to the profession in rulings. Lead ombudsman Caroline Mitchell criticised several “myths” advisers have about the body at Money Marketing’s Retirement Summit yesterday. She says it is not true FOS will rule against an adviser if they […]

Neptune video: Indian valuations and Modi’s pro-investment agenda

Kunal Desai, Head of Indian Equities, discusses his expectations for the Indian market and highlights the key indicators that he is watching for 2015.

In the video, Kunal addresses:

• Indian equity valuations and the importance of stock selection in gaining exposure to the earnings upgrade cycle

• The BJP’s strengthening ambition in its pro-reform, pro-investment agenda

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