Money Marketing takes a look at where your FCA fees go after the regulator released its latest levies this week.
Click here for more news and insights on regulation.
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 […]
News and expert analysis straight to your inboxSign up
The Chartered Institute for Securities and Investment has appointed Raymond James investment manager Leighton Bascom to be the president of its South East branch. US-born Bascom, who oversees the Tunbridge Wells branch of Raymond James, takes over from Charles Stanley investment manager Katie Presland. Leighton joined Raymond James in 2003. He was formerly senior vice […]
BlackRock has teamed up with Microsoft to build a platform to help people make better decisions for retirement planning. While the plans are US-based currently, the difficulties of planning and funding retirement are worldwide. The technology will bring together BlackRock’s investment capabilities with Microsoft’s technology strength with the goal to take advantage of both and […]
An official complaint has been filed to the FCA over the compensation scheme it set up with Lloyds over past fraud. The redress package is “defective” and the methodology “flawed, according to the SME Alliance. The pressure group represents small businesses, scores of which were affected when they suffered fraud at the hands of a […]