View more on these topics

Investment Association criticised over pay register role

The UK’s main shareholder rights group has criticised the Government for appointing the Investment Association to oversee its executive pay register.

The register is the brainchild of business secretary Greg Clark and will force all listed firms to show the pay gap between executives and workers.

The public register would also list firms that face shareholder disagreements over executive pay deals.

But today City AM reports that the UK Shareholders’ Association has spoken out against the way the register is progressing.

UK Shareholders’ Association director Peter Parry says: “It’s madness for the Government to be asking the Investment Association to be overseeing the register.

“The asset management industry has been damningly criticised by the FInancial Conduct Authority over the last couple of months.”

Investment Association chief executive Chris Cummings says: “This public register will help sharpen the focus on those who must do more, enabling our members to hold the country’s biggest businesses to account and leading to better-run companies.”


FCA logo new 620x430.jpg

FCA could scrap and replace adviser register

Industry talks are being held between professional bodies and the FCA about scrapping the FCA register and replacing it with an alternative, Money Marketing can reveal. The discussions have been prompted by the senior managers regime, which came into force for banks, building societies and insurers in March 2016. It aims to ensure executives can […]


FCA to review register after another complaint about misleading data

The FCA will review the system behind its register following the revelation in a Complaints Commissioner decision that a proper fix would cost between £50,00 and £100,000. A Complaints Commissioner decision says the FCA will review the design of the “Tardis” system while saying it is a concern that changing information on the “inflexible” register should […]


MAS adviser directory nears 6,500 registrations

The Money Advice Service’s retirement adviser directory is approaching 6,500 registered advisers, the latest data shows. 128 new advisers registered for the directory between April and September, taking the total number to 6,477. 3,595 advice firms are now listed on the directory after 74 new firm registrations over the period. MAS chief executive Caroline Rookes […]

FCA logo new 3 620x430

FCA beefs up register in bid to tackle rogue firms

The FCA is to include information on unauthorised firms on its financial services register for the first time in an attempt to better highlight rogue firms to consumers. The new register, which launches on 7 September, will allow consumer to look up individuals, firms and collective investment schemes based on name, reference number or postcode. […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment