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Pressure mounts on FCA to act over ‘flawed’ Priips rules

The Investment Association is the latest trade body to urge the FCA to suspend parts of the Priips rules introduced in January. The Financial Times reports the IA saying investors are receiving information about fund costs that is “profoundly flawed” as a result of the regulation. Included in recommendations for overhauling Priips, the IA is […]

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Advisers still convincing clients fees provide value for money

Financial advisers should consider their role in the same camp as doctors, lawyers and other professionals and explain their work in a similar way so clients realise the value they can add, experts say. Speakers on a panel discussing fee structures at Money Marketing Interactive in Harrogate in September agree lack of consideration around value […]

Old Mutual continues separation as Nedbank splits

Old Mutual will unbundle its majority shareholding in Nedbank on October 15, the firm announced in a statement this morning. The group currently holds approximately 52 per cent of Nedbank, and it plans to lower its stake to a 19.9 per cent minority interest once unbundling is completed. Old Mutual plc, the parent company of […]

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