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FCA appoints new co-directors for advice supervision

The FCA has announced two new co-directors for its financial advice and life insurance supervision. FCA director of competition Deb Jones and Nest Corporation executive director Debbie Gupta will be taking on the co-directorship in May. Prior to her position at the FCA, Jones was a director at the Office of Fair Trading for eight […]

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FCA to reveal final rules for asset managers

The FCA is to publish its final verdict on the UK asset management market next week. In its final report on the asset management market, published in June, the regulator proposed a series of reforms, including an “all-in fee” for funds, greater clarity on charges and easier switching into better-value share classes for retail investors. Along with the report, […]

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Nic Cicutti: Enough is enough with FOS arrogance and incompetence

More disappointment ensues from an organisation that supposedly prides itself on transparency and openness How do you deal with responses from regulators and other official bodies to your queries? Do you find yourself becoming livid with anger at their dismissive tone, yet end up letting it go because – let’s face it – their behaviour […]

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James Hay grows AUA as HMRC biofuel issue rumbles on

James Hay grew its assets under administration by 15 per cent to £25.5bn in 2017, as net inflows also increased. James Hay parent IFG Group released its full-year results today, reporting net inflows at James Hay of £3.4bn, which was an increase on the 2016 result of £2.6bn. Overall, the group posted a £400,000 loss for […]

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