Wealth managers Financial News

08.11 / 16:23

regulation fees companies risk Wealth managers financial conduct authority Consumer Duty FCA takes aim at wealth managers over high-risk and high-fee products

'We continue to see firms charging for services which are not delivered, overtrading on portfolios to generate high transaction fees and providing a product or service which does not align with the needs of consumers.'

02.11 / 12:53

regulation Financial Services Wealth managers ESG Asset Managers Fund managers ESG Trends Industry bodies agree standardised responsible investment definitions

The guidance is intended as a resource for investors, regulators, policymakers, and market participants, offering clear definitions for responsible investment approaches rather than criteria for product labelling or categorisation.

31.10 / 17:01

Wealth managers ESG Wealth Management greenwashing ESG ratings ESG still a 'minefield' for wary wealth managers

Advisers told the researchers recommending funds based on misleading claims puts their business at risk.

24.10 / 14:11

Wealth managers Investment trusts People moves Business roles 2024 Odyssean trust appoints new chair for 2024

It is expected Wilding will take over as chair from Jane Tufnell from 31 March 2024, who will step down from the position and as a non-executive director.

23.10 / 11:17

regulation Financial Services Wealth managers financial conduct authority FCA Asset Managers Fund managers Registration to vote on Link Fund Solutions' Woodford scheme of arrangement opens

The result of the vote will be announced no later than 5pm on 15 December 2023, according to LFS.

17.10 / 14:33

regulation Bank of England Financial Services Credit Suisse Wealth managers Treasury BoE's Woods outlines plans to overhaul banking regulation after SVB and Credit Suisse collapses

Sam Woods, deputy governor of the BoE and head of the Prudential Regulation Authority

17.10 / 08:13

regulation Financial Services Wealth managers financial conduct authority London Stock Exchange Mansion House Stock exchanges FCA's Rathi pushes for radical overhaul of stock exchange rules

The proposed rules come following the new secondary objective of the FCA “to support international competitiveness and growth over the medium to long term”.

13.10 / 08:11

regulation fees companies Financial Services Wealth managers financial conduct authority Consumer Duty reform place regulatory St James's Place under regulatory scrutiny to reform fee structure - reports

A former employee said regulators have been pressuring SJP for almost a decade to overhaul its fee structure.

12.10 / 15:41

regulation UK Financial Services Asset management Wealth managers Treasury financial conduct authority FCA to consult on amending regimes for alternative fund managers and retail funds

There was also feedback on whether non-UCITS funds might be rebranded to help rationalise the regime, and if so, how best to do this.

12.10 / 15:41

regulation UK companies Financial Services Wealth managers Unit trusts/OEICs Woodford investors to vote in single class as scheme of arrangement vote delayed

The scheme meeting and vote has been delayed to 13 December 2023.

10.10 / 17:23

regulation companies Financial Services Wealth managers Asset Managers Fund managers Link Fund Solutions hearing Link Fund Solutions first court hearing extended as parties clash over class meetings

One of the key issues raised on behalf of retail investors was the potential for FSCS compensation, which would not be available to institutions or intermediaries.

04.10 / 14:11

partnerships Wealth managers Alternatives Wellington Management Wellington Management partners with iCapital to bring alternatives offering to wealth managers

As part of the collaboration, iCapital will leverage its technological capabilities to distribute Wellington’s alternatives range to wealth managers around the world.

03.10 / 14:19

Wealth managers People moves Tyndall IM hires two investment directors from Walker Crips

Edward Baring (left) and Ed Harvey (right) have joined from Walker Crips Investment Management.

25.09 / 10:33

BlackRock Wealth managers People moves ETFs Fidelity International Robeco International Robeco poaches ETF chief from Fidelity International to lead platform launch

Nick King, head of ETFs at Robeco

31.08 / 07:57

regulation companies Financial Services Wealth managers financial conduct authority FCA Asset Managers wholesale NOT FCA provisionally opts not to involve CMA in wholesale data market review

The FCA argued it is the more appropriate body to remedy the issues of the wholesale data market

10.08 / 13:29

Wealth managers People moves exits Nutmeg CEO Sanjiv Somani exits digital wealth manager

Sanjiv Somani had been on the top job at Nutmeg for under a year.

02.08 / 07:33

Wealth managers People moves St. James's Place Schroders Personal Wealth hires Alan Goodman as CIO

At SPW, Goodman will be responsible for leading the firm’s investment strategy and overseeing portfolio and risk management activities.

28.07 / 13:57

regulation companies Financial Services Wealth managers financial conduct authority FCA Asset Managers Woodford compensation 2024 FCA: Woodford compensation payments could begin as early as 2024

The update revealed the creation of an investor committee to be chaired by Jamie Drummond-Smith, a former Deloitte partner who oversaw the company voluntary arrangement of Arcadia Group as interim chair.

17.07 / 10:47

regulation Financial Services Wealth managers FCA Asset Managers Quilter Fund managers financial promotions Financial FCA eyes stringent social media rules in financial promotions crackdown

'We have seen a growing number of ads falling short of the guidance we have in place to stop consumer harm," said Lucy Castledine, director of consumer investments at the FCA.

11.07 / 14:07

regulation Financial Services Wealth managers Asset Managers Fund managers Lawyer Lawyer of alleged Odey victims calls on FCA to ringfence Odey AM assets

She wanted to ensure Odey AM retains enough funds to cover any potential redress the claimants may be awarded in either civil or criminal proceedings.

05.07 / 07:47

regulation companies Financial Services Wealth managers financial conduct authority FCA Investigations FCA confirms investigations into Crispin Odey and Odey Asset Management

While the investigations were opened in mid-2021, Rathi said the regulator had been engaged in “intensive” supervision of Odey AM since 2020. | PA Images / Alamy Stock Photo

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