Money Marketing takes a look at where your FCA fees go after the regulator released its latest levies this week.
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The FCA is back with a bang, having welcomed advisers back from the Easter break with no less than four major publications setting out its priorities and areas of focus for the next financial year. The regulator, quite rightly, continues to focus on transparency of retail investments. It has used its “mission” document to keep […]
Mark Sands and Tessa Norman The Treasury is facing calls to revisit the way it handles FCA fines amid mounting concern about a lack of transparency in the current system. Historically, excesses in fine revenue were directed back to firms to reduce overall regulatory costs. However, regulatory fines handed out since April 2012 have passed […]
The FCA has published its mission document giving firms a blueprint to define the regulator’s remit and how it makes its decisions. The FCA launched a consultation on its mission in October which included discussions about vulnerable customers, the FCA’s role in redress schemes and its approach to enforcement. FCA chief executive Andrew Bailey has […]
FCA warns of the damage to co-operation among global regulators if the Trump administration unwinds the regime for failing banks In an interview with the Financial Times in Washington, FCA chief executive Andrew Bailey says there is a risk to the confidence international regulators would have in the US if it scrapped its system for […]
Artemis European Opportunities Fund manager Mark Page is questioned about the merits of investing in Spanish supermarket group, Dia. Dia is a 7,000-store Spanish discount supermarket chain. But with cheaper food prices coming on to the market and an improving Spanish economy, journalist Alexis Xydias questions Mark about its inclusion in the Artemis European Opportunities […]
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A group of 500 people have launched legal action against Ingenious Media saying they were misled about film investments that were later deemed to be tax avoidance by the government. According to Bloomberg, which cites court documents, employees from companies including Goldman Sachs, Lloyds Banking Group and HSBC are part of the action. British composer Andrew Lloyd-Webber is […]
Embark Services returned to profit in 2017 as it reported an increase in self-invested personal pension clients. Embark Services is a subsidiary of Embark Group that trades under the Hornbuckle and Embark brands. The business reported pre-tax profit for the year ending 31 December 2017 of £136,000 compared with a loss in 2016 of £2.4m. […]
Architas UK has seen inflows drop by just over 70 per cent in the first half of the year. The Axa-owned asset manager reported £152m net inflows for the first six months of 2018, compared with £546m in the first half of 2017. Globally, Architas’s net inflows dropped to €797m (£710.6m) in the first half […]