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Govt enlists new guidance body in battle against cold-calling

The House of Lords has agreed to enlist the Government’s new combined guidance body in the fight to stop cold-calling. In a debate yesterday, the Lords tabled two amendments to the Financial Guidance and Claims Bill – the legislation that is to create a new single entity out of Pension Wise, The Pensions Advisory Service […]

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FCA defends fine against firm for late Gabriel return

The Complaints Commissioner has dismissed a complaint from a firm which disputed paying a £250 fee for filing its Gabriel return late, claiming it was affected by a flood. According to the Complaints Commissioner’s decision the FCA rejected the initial complaint because the return was filed late, the firm was sent several reminders, and no […]

FCA reveals costs of extending Senior Managers Regime

The FCA has provided further clarity on the £13.4m cost it expects to incur by extending the Senior Managers Regime to all financial services firms, including advisers. Responding to a Freedom of Information Act request, the FCA said that it has budgeted £514,000 – of which it has so far spent £4,000 – for external […]

Leap of faith: Will performance fees restore trust in active managers?

Performance fees are in the spotlight, but will they work for active managers? Fund managers are starting to rethink how they charge as big names take on the competition with new performance-linked models. Last week, Fidelity International announced a radical move to a so-called fulcrum fee, igniting a debate on whether performance-aligned fees could be a […]

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