The regulator intends to make the financial services sector a more hostile environment for fraudsters according to FSA financial crime sector leader Philip Robinson. The FSA is launching a fighting fraud in partnership initiative pledging to look more closely at how firms address and manage their fraud risks. It will crack down on criminals posing as legitimate financial businesses and encourage companies to make it easier for employees to report with confidence any wrongdoings within their firm.
The network has been a very convenient model through which to do business. Ever since the Financial Services Act 1986 came into being, the opp-ortunity to “network” has been exploited. The best way to describe a network is a “regulatory principal and agent relationship”. The appointed representative model makes absolute sense to the smaller financial […]
FSA director of high-street firms Sarah Wilson says the regulator will do all it can to maintain an innovative marketplace for mortgages after M-Day. Wilson told Money Marketing that the new regime – which takes effect from November 1 – would endeavour to balance the need for consumer protection with the maintenance of a wide […]
I have just finished presenting at a series of roadshows for Scottish Widows on the twin subjects of pension simplification and the effect of depolarisation on the IFA community. Hundreds of IFAs attended what was a superbly well organised series of events and Scottish Widows head of market development Ian Naismith provided an incisive insight […]
Selestia has agreed a tie-up with Quay Software enabling the latter's IFA users to import details of their client's fund holdings direct into their back office. This works with Quay's Client Care Desktop back office system and follows on from similar partnerships between Selestia and 1st Software, Fairs and Wealth Management Software.
New figures requested from the Office for National Statistics by Jelf International reveal the countries with the largest numbers of employees working for a UK-controlled parent company (known as UKFAs or UK foreign affiliates).
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It is encouraging to see the FCA close in on lazy fund management, but more needs to be done Without fanfare, the FCA has confirmed its intention to punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]
Ex-GBST man and FinoComp chief executive Ray Tubman on the need for a brave new world of interoperability Platforms running on proprietary technology often see this as a competitive advantage, even if it is expensive to run. But ex-GBST man and now FinoComp chief executive Ray Tubman does not believe outsourcing is the poor relation. […]
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