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M&G boss Richards to lead FCA practitioner panel

Anne Richards succeeds HSBC Bank chief executive António Simões as chair

M&G chief executive Anne Richards has been appointed chair of the FCA practitioner panel from 1 August 2017.

Richards has been a member of the panel since 2013 and succeeds HSBC Bank chief executive António Simões as chair.

Euroclear UK & Ireland chief executive John Trundle has been appointed chair of the FCA markets practitioner panel, effective from 1 July.

Trundle has been a member of the panel since 2013 and takes over as chair from Goldman Sachs global compliance senior adviser Robert Mass.

FCA chairman John Griffith-Jones says: “Both Anne and John appreciate the important role that the Panels play in ensuring the regulator and financial services industry can have a dialogue that is both constructive and challenging.”

He adds: “I would also like to thank António and Robert for their contribution to the work of the Panels as both members and Chairs.”

The FCA practitioner panels are independent statutory bodies that represent the interests of the financial services industry within the UK’s regulatory framework.


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FCA: Initial charges for independent advice lower than restricted

Initial fees for independent advice are cheaper than restricted advice, according to FCA data. The regulator has released statistics from its review of advice suitability earlier this year. Based on a sample of around 700 files, independent advisers charged an average of 2.81 per cent up front. Restricted advisers charged average initial fees of 3.57 […]

Bestinvest spot the dog 07/14

M&G escapes the dog house in Spot the Dog report

M&G, which has long featured on Spot the Dog report which names and shames underachieving investment funds, has been removed from the list. However Aberdeen Asset Management remains a prominent giant within the list. Schroders has the most assets represented in the list, through the inclusion of one major fund, the £1.2bn UK Mid 250 […]


M&G to transfer four funds to Luxembourg over Brexit uncertainties

M&G is to transfer four UK-domiciled funds to equivalent Sicavs on its Luxembourg platform in a “prudent” move amid uncertainties around the Brexit negotiations. The £275bn fund group, which has already outlined plans to launch Sicav funds in Luxembourg, will move £6bn in assets to the continent by November of 2017. Subject to shareholder approval, […]

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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