All Financial Conduct Authority articles – Page 7
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NewsTeething problems to delay transaction cost reporting for DC schemes
Managers still working on building internal technology necessary to record the required information
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NewsUK regulators join forces to tackle pensions fraud
Fraudsters reported to con victims out of an average of £91,000 per person
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Brexit: UK regulator warns on derivatives, reassures on passporting
Financial Conduct Authority lays out vision for transition from EU to UK rulebooks
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Country ReportAdvisers, fiduciaries respond to ‘softer stance’ from competition regulator
But some dispute the findings of adverse effects on market and customers from the CMA
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Country ReportUK schemes must tender fiduciary contracts, competition body says
CMA finds adverse effects on market competition in investment consulting and fiduciary management sectors
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NewsUK regulator backs voluntary cost disclosure templates
Industry working group recommends five templates to improve cost transparency
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Dutch watchdog urges schemes to prepare for a hard Brexit
UK regulator also sets out its transitional plans ahead of the exit from the EU in March
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NewsEx-State Street transitions chief convicted of fraud
Hidden trade mark-ups helped generate $20m in “improper revenue” for the bank, according to US regulators
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NewsUK watchdog proposes reforms to at-retirement market
FCA warns of retirees paying too much for pension drawdown products or being invested inappropriately
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UK government rejects call for default at-retirement option
Default decumulation products not in the spirit of pension freedoms
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NewsTrustees should consult members on investment policy, say MPs
Select committee also proposes clarification of fiduciary duty, mandatory climate risk reporting
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NewsM&G to transfer €39bn of non-sterling client assets to Luxembourg
Transfers are in addition to €7bn from four funds that moved last year, asset manager says
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Aviva to compensate preference share investors with £14m payment
FTSE 100-listed insurer said it wanted to “do the right thing”
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Brexit: Regulators urge co-operation to avoid ‘cliff edge’
The European Commission and the UK regulator have called for greater co-operation between the UK and the EU to prevent a possible “cliff edge” that could jeopardise the financial services sector across Europe. In a speech on Tuesday to the City of London, Valdis Dombrovskis, the European Commission’s vice-president responsible ...
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UK roundup: Brunel launches first tenders; FCA warns over pref shares
LGPS pool seeks managers for £1.8bn across UK equity and lo-vol strategies
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Country ReportFiduciary managers back performance reporting standard
IC Select’s guidelines come amid unprecedented regulatory pressure on fiduciary providers
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UK politicians call for default at-retirement option
Work and Pensions Committee says ‘little evidence’ that freedom and choice has worked
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FCA follows through with rules to boost asset manager competition
Fund managers must better account for value they deliver to investors
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Country ReportConsultants steering trustees towards own fiduciary services, says CMA
Competition watchdog admits that it is ‘not straightforward to say how the practices might impact competition’
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AnalysisAnalysis: UK regulator decides against relaxing DB transfer rules
Financial advisers told to “start from the assumption” that exiting a defined benefit pension fund is unsuitable
