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Lee Robertson: Fund groups need a lesson from advisers on behaviour

The FCA scrutiny of the asset manager continues apace, with attention now turned to closet tracker funds. Following regulatory lessons and actions already seen in Scandinavia, it has ordered unnamed asset managers to pay out £34m in compensation to investors for overcharged fees. At least one group is facing enforcement action over “very misleading” marketing […]

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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, […]

Saunderson House sale abandoned

The sale of IFA Saunderson House has been pulled by parent company IFG Group. IFG Group revealed in February Saunderson House had received a number of offers and that it was considering if selling the business would give shareholders better value. Since then, it has received several more offers. However, in a statement this morning, […]

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