Investment Week www.investmentweek.co.uk St James's Place results lay bare cost and charging challenges against market tumult <img alt="St James&#39;s Place results lay bare cost and charging challenges against market tumult" src="https://www.investmentweek.co.uk/api/v1/wps/f188a0a/b50af7d0-6976-4de2-92a8-8430ab55f004/17/FITZPATRICK-Mark-185x114.jpg" /> <p><!--summary start--> St James’s Place is sounding a cautiously positive note on its prospects for 2024 after results this morning laid bare a surprise £426m spend on client refunds and the material effect of its decision last year to overhaul its charging structure. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/f188a0a/b50af7d0-6976-4de2-92a8-8430ab55f004/17/FITZPATRICK-Mark-185x114.jpg https://www.investmentweek.co.uk/news/4179631/st-jamess-results-lay-bare-cost-charging-challenges-market-tumult https://www.investmentweek.co.uk/news/4179631/st-jamess-results-lay-bare-cost-charging-challenges-market-tumult https://www.investmentweek.co.uk/news/4179631/st-jamess-results-lay-bare-cost-charging-challenges-market-tumult Wed, 28 Feb 2024 14:25:06 +0000 Permission to appeal filed in relation to Woodford scheme of arrangement <img alt="Permission to appeal filed in relation to Woodford scheme of arrangement" src="https://www.investmentweek.co.uk/api/v1/wps/46ac216/e41ff8d1-e53d-416a-9e0e-8a31193799f2/7/appeal-court-185x114.jpg" /> <p><!--summary start--> Investor group Transparency Task Force has filed an application for permission to appeal against the scheme of arrangement proposed by Link Fund Solutions, which was sanctioned by the High Court on 9 February. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/46ac216/e41ff8d1-e53d-416a-9e0e-8a31193799f2/7/appeal-court-185x114.jpg https://www.investmentweek.co.uk/news/4178197/permission-appeal-filed-relation-woodford-scheme-arrangement https://www.investmentweek.co.uk/news/4178197/permission-appeal-filed-relation-woodford-scheme-arrangement https://www.investmentweek.co.uk/news/4178197/permission-appeal-filed-relation-woodford-scheme-arrangement Fri, 23 Feb 2024 13:31:54 +0000 FCA quizzes 20 advice firms on Consumer Duty compliance <img alt="FCA quizzes 20 advice firms on Consumer Duty compliance" src="https://www.investmentweek.co.uk/api/v1/wps/217536e/00e9b2fc-0672-4007-9913-37b6f60b452b/11/fca-reception-3-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA) has written to 20 of the UK’s largest advice firms to request information on their ongoing advice services in line with the Consumer Duty. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/217536e/00e9b2fc-0672-4007-9913-37b6f60b452b/11/fca-reception-3-185x114.jpg https://www.investmentweek.co.uk/news/4174754/fca-quizzes-advice-firms-consumer-duty-compliance https://www.investmentweek.co.uk/news/4174754/fca-quizzes-advice-firms-consumer-duty-compliance https://www.investmentweek.co.uk/news/4174754/fca-quizzes-advice-firms-consumer-duty-compliance Thu, 15 Feb 2024 11:31:37 +0000 Consumer Duty exemption for EEA funds poses threats of 'divergence' and 'misalignment' <img alt="Consumer Duty exemption for EEA funds poses threats of &#39;divergence&#39; and &#39;misalignment&#39;" src="https://www.investmentweek.co.uk/api/v1/wps/1239572/7d24c0d2-516c-4011-9ec9-86fe9707f93e/19/direction-g8ccdc37fe-1920-185x114.jpg" /> <p><!--summary start--> Industry players have questioned the level of consumer protection offered to UK investors, as the Treasury plans to exempt funds domiciled in the European Economic Area (EEA) from Consumer Duty requirements under the Overseas Funds Regime (OFR). <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/1239572/7d24c0d2-516c-4011-9ec9-86fe9707f93e/19/direction-g8ccdc37fe-1920-185x114.jpg https://www.investmentweek.co.uk/news/4171213/consumer-duty-exemption-eea-funds-pose-threats-divergence-misalignment https://www.investmentweek.co.uk/news/4171213/consumer-duty-exemption-eea-funds-pose-threats-divergence-misalignment https://www.investmentweek.co.uk/news/4171213/consumer-duty-exemption-eea-funds-pose-threats-divergence-misalignment Wed, 7 Feb 2024 11:53:24 +0000 Friday Briefing: 2023 or 2022, again? <img alt="Friday Briefing: 2023 or 2022, again?" src="https://www.investmentweek.co.uk/api/v1/wps/5ba539c/4bb07f01-82ed-471d-b5e4-b896a9aa60a1/16/Eve-Maddock-Jones-107-Edit-185x114.jpg" /> <p><!--summary start--> 2023 felt much like an echo of 2022, with continuing drama from several repeat customers (Home REIT and Woodford, to name a couple) and some of the same issues (property fund liquidity issues, fixed income and UK despondency), but there was also a cohort of new headline grabbers (NewGAMe and UK listings). <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/5ba539c/4bb07f01-82ed-471d-b5e4-b896a9aa60a1/16/Eve-Maddock-Jones-107-Edit-185x114.jpg https://www.investmentweek.co.uk/opinion/4159783/friday-briefing-2023-2022 https://www.investmentweek.co.uk/opinion/4159783/friday-briefing-2023-2022 https://www.investmentweek.co.uk/opinion/4159783/friday-briefing-2023-2022 Tue, 2 Jan 2024 10:33:45 +0000 EFAMA calls for major reforms to SFDR labelling regime <img alt="EFAMA calls for major reforms to SFDR labelling regime" src="https://www.investmentweek.co.uk/api/v1/wps/a62090e/c17c0150-ac7f-466f-9cbf-2820b6d119b4/10/green-foliage-185x114.jpg" /> <p><!--summary start--> The European Fund and Asset Management Association has called for a range of changes to the European Union’s SFDR to improve the labelling regime. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/a62090e/c17c0150-ac7f-466f-9cbf-2820b6d119b4/10/green-foliage-185x114.jpg https://www.investmentweek.co.uk/news/4159373/efama-calls-major-reforms-sfdr-labelling-regime https://www.investmentweek.co.uk/news/4159373/efama-calls-major-reforms-sfdr-labelling-regime https://www.investmentweek.co.uk/news/4159373/efama-calls-major-reforms-sfdr-labelling-regime Fri, 22 Dec 2023 13:44:30 +0000 Industry warns of 'tight' implementation timeline for SDR <img alt="Industry warns of &#39;tight&#39; implementation timeline for SDR" src="https://www.investmentweek.co.uk/api/v1/wps/b1b6fb6/7be8f447-5570-42c7-ae27-0bdead9637bd/50/esg-185x114.jpg" /> <p><!--summary start--> Sustainable finance regulation experts have warned that firms may struggle to implement the Financial Conduct Authority’s Sustainability Disclosure Requirements in time for the regime's launch. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/b1b6fb6/7be8f447-5570-42c7-ae27-0bdead9637bd/50/esg-185x114.jpg https://www.investmentweek.co.uk/news/4154070/industry-warns-tight-implementation-timeline-sdr https://www.investmentweek.co.uk/news/4154070/industry-warns-tight-implementation-timeline-sdr https://www.investmentweek.co.uk/news/4154070/industry-warns-tight-implementation-timeline-sdr Mon, 18 Dec 2023 14:41:30 +0000 Investment Company of the Year Awards Winners Interview - Alliance Trust <img alt="Investment Company of the Year Awards Winners Interview - Alliance Trust" src="https://www.investmentweek.co.uk/api/v1/wps/6616e7d/05cc7507-009b-47e0-b323-f5c8e57042b8/3/ICYA-Winner-social-graphic-edited-version-1-185x114.jpeg" /> <p><!--summary start--> <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/6616e7d/05cc7507-009b-47e0-b323-f5c8e57042b8/3/ICYA-Winner-social-graphic-edited-version-1-185x114.jpeg https://www.investmentweek.co.uk/interview/4157508/investment-company-awards-winners-interview-alliance-trust https://www.investmentweek.co.uk/interview/4157508/investment-company-awards-winners-interview-alliance-trust https://www.investmentweek.co.uk/interview/4157508/investment-company-awards-winners-interview-alliance-trust Mon, 18 Dec 2023 09:54:04 +0000 US regulator slammed over Signature Bank loan sales - reports <img alt="US regulator slammed over Signature Bank loan sales - reports" src="https://www.investmentweek.co.uk/api/v1/wps/e64f454/2a256af6-0768-4b35-bd60-3d5dd63c3c34/8/SVB-Silicon-Valley-bank-2-185x114.jpg" /> <p><!--summary start--> The US Federal Deposit Insurance Corporation has received a complaint over its auction of loans following the collapse of Signature Bank earlier this year, according to reports. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/e64f454/2a256af6-0768-4b35-bd60-3d5dd63c3c34/8/SVB-Silicon-Valley-bank-2-185x114.jpg https://www.investmentweek.co.uk/news/4155774/us-regulator-slammed-signature-bank-loan-sales-reports https://www.investmentweek.co.uk/news/4155774/us-regulator-slammed-signature-bank-loan-sales-reports https://www.investmentweek.co.uk/news/4155774/us-regulator-slammed-signature-bank-loan-sales-reports Tue, 12 Dec 2023 08:35:26 +0000 FCA sets out proposals to increase liquidity requirements for money market funds <img alt="FCA sets out proposals to increase liquidity requirements for money market funds" src="https://www.investmentweek.co.uk/api/v1/wps/102ab0f/b7d991bc-3b2d-4f8f-be47-ceec332adbe0/1/fca-reception-3-580-358-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has set out plans to significantly increase the liquidity requirements of money market funds, as part of a consultation developed alongside HM Treasury and the Bank of England. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/102ab0f/b7d991bc-3b2d-4f8f-be47-ceec332adbe0/1/fca-reception-3-580-358-185x114.jpg https://www.investmentweek.co.uk/news/4153769/fca-sets-proposals-increase-liquidity-requirements-money-market-funds https://www.investmentweek.co.uk/news/4153769/fca-sets-proposals-increase-liquidity-requirements-money-market-funds https://www.investmentweek.co.uk/news/4153769/fca-sets-proposals-increase-liquidity-requirements-money-market-funds Wed, 6 Dec 2023 11:48:32 +0000 SJP CIO Onuekwusi: Retail investors lack appropriate structure to access private markets <img alt="SJP CIO Onuekwusi: Retail investors lack appropriate structure to access private markets" src="https://www.investmentweek.co.uk/api/v1/wps/8654e9e/bd39aea7-0ce2-4721-9fa6-6424ba037dbc/42/ONUEKWUSI-Justin-LGIM-2020-roi-1-185x114.jpg" /> <p><!--summary start--> St James’s Place’s new chief investment officer Justin Onuekwusi has argued retail investors lack the appropriate structures to access private markets in the open-ended space. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/8654e9e/bd39aea7-0ce2-4721-9fa6-6424ba037dbc/42/ONUEKWUSI-Justin-LGIM-2020-roi-1-185x114.jpg https://www.investmentweek.co.uk/news/4152052/sjp-cio-onuekwusi-retail-investors-lack-appropriate-structure-access-private-markets https://www.investmentweek.co.uk/news/4152052/sjp-cio-onuekwusi-retail-investors-lack-appropriate-structure-access-private-markets https://www.investmentweek.co.uk/news/4152052/sjp-cio-onuekwusi-retail-investors-lack-appropriate-structure-access-private-markets Fri, 1 Dec 2023 08:07:31 +0000 Allfunds receives UK regulatory authorisation <img alt="Allfunds receives UK regulatory authorisation" src="https://www.investmentweek.co.uk/api/v1/wps/f0e707c/200d1e5a-19d4-4d1e-808b-29544d205955/5/iw-regulation-stock-009-185x114.jpeg" /> <p><!--summary start--> Allfunds has been authorised to operate as a Third Country Branch in the UK, bringing the platform under the dual regulation of the Prudential Regulation Authority and the Financial Conduct Authority. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/f0e707c/200d1e5a-19d4-4d1e-808b-29544d205955/5/iw-regulation-stock-009-185x114.jpeg https://www.investmentweek.co.uk/news/4151717/allfunds-receives-uk-regulatory-authorisation https://www.investmentweek.co.uk/news/4151717/allfunds-receives-uk-regulatory-authorisation https://www.investmentweek.co.uk/news/4151717/allfunds-receives-uk-regulatory-authorisation Thu, 30 Nov 2023 08:21:17 +0000 FCA proposes 'polluter pays' investment advice redress framework <img alt="FCA proposes &#39;polluter pays&#39; investment advice redress framework" src="https://www.investmentweek.co.uk/api/v1/wps/71b0e0a/9a4823ac-f84e-4806-aaa5-78cf6c551057/11/fca-reception-1-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has proposed a shake-up to investment advice compensation rules which will see firms set aside capital under a “polluter pays” framework. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/71b0e0a/9a4823ac-f84e-4806-aaa5-78cf6c551057/11/fca-reception-1-185x114.jpg https://www.investmentweek.co.uk/news/4151252/fca-proposes-polluter-pays-investment-advice-redress-framework https://www.investmentweek.co.uk/news/4151252/fca-proposes-polluter-pays-investment-advice-redress-framework https://www.investmentweek.co.uk/news/4151252/fca-proposes-polluter-pays-investment-advice-redress-framework Wed, 29 Nov 2023 07:37:02 +0000 SDR has consumer at its heart but adviser role is now key <img alt="SDR has consumer at its heart but adviser role is now key " src="https://www.investmentweek.co.uk/api/v1/wps/0cc9eca/5f8f9485-dc65-4140-92cd-13df971f1d5a/10/Katrina-Lloyd-311-Edit-roi-1-185x114.jpg" /> <p><!--summary start--> In its release of final rules on Sustainability Disclosure Requirements (SDR) and investment labels, the Financial Conduct Authority (FCA) reiterated the consumer has been firmly placed at the very centre of the regime, and rightly so in a year dominated by the implementation of Consumer Duty. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/0cc9eca/5f8f9485-dc65-4140-92cd-13df971f1d5a/10/Katrina-Lloyd-311-Edit-roi-1-185x114.jpg https://www.investmentweek.co.uk/opinion/4150984/sdr-consumer-heart-adviser-role-key https://www.investmentweek.co.uk/opinion/4150984/sdr-consumer-heart-adviser-role-key https://www.investmentweek.co.uk/opinion/4150984/sdr-consumer-heart-adviser-role-key Tue, 28 Nov 2023 14:00:03 +0000 Draft regulations offer FCA powers to restrict short selling in 'exceptional circumstances' <img alt="Draft regulations offer FCA powers to restrict short selling in &#39;exceptional circumstances&#39;" src="https://www.investmentweek.co.uk/api/v1/wps/c84e863/057da069-0c18-452c-a8c1-703e0f944e2e/8/long-short-185x114.jpg" /> <p><!--summary start--> HM Treasury’s short selling regulations policy note has revealed the Financial Conduct Authority is set to receive powers to intervene in the market in “exceptional circumstances”. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/c84e863/057da069-0c18-452c-a8c1-703e0f944e2e/8/long-short-185x114.jpg https://www.investmentweek.co.uk/news/4149512/draft-regulations-offer-fca-powers-restrict-short-selling-exceptional-circumstances https://www.investmentweek.co.uk/news/4149512/draft-regulations-offer-fca-powers-restrict-short-selling-exceptional-circumstances https://www.investmentweek.co.uk/news/4149512/draft-regulations-offer-fca-powers-restrict-short-selling-exceptional-circumstances Wed, 22 Nov 2023 16:03:56 +0000 FCA takes aim at wealth managers over high-risk and high-fee products <img alt="FCA takes aim at wealth managers over high-risk and high-fee products" src="https://www.investmentweek.co.uk/api/v1/wps/bd1c766/3bf7dac3-1ef4-43d9-a3f4-b15d3f274408/23/target-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has slammed wealth management and stockbroking firms over practices that the regulator claims have resulted in harm for consumers. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/bd1c766/3bf7dac3-1ef4-43d9-a3f4-b15d3f274408/23/target-185x114.jpg https://www.investmentweek.co.uk/news/4144094/fca-takes-aim-wealth-managers-risk-fee-products https://www.investmentweek.co.uk/news/4144094/fca-takes-aim-wealth-managers-risk-fee-products https://www.investmentweek.co.uk/news/4144094/fca-takes-aim-wealth-managers-risk-fee-products Wed, 8 Nov 2023 15:15:09 +0000 Stories of the week: 3 November <img alt=" Stories of the week: 3 November" src="https://www.investmentweek.co.uk/api/v1/wps/e8a1e03/32474a6b-f080-488d-8e9e-e3446a3f2a10/15/SOTW-185x114.png" /> <p><!--summary start--> <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/e8a1e03/32474a6b-f080-488d-8e9e-e3446a3f2a10/15/SOTW-185x114.png https://www.investmentweek.co.uk/sponsored/4141616/stories-week-3november https://www.investmentweek.co.uk/sponsored/4141616/stories-week-3november https://www.investmentweek.co.uk/sponsored/4141616/stories-week-3november Fri, 3 Nov 2023 10:20:36 +0000 Former FCA chair slams proposed crypto regulation from government <img alt="Former FCA chair slams proposed crypto regulation from government" src="https://www.investmentweek.co.uk/api/v1/wps/a1d8bb3/a76c65df-17ad-498b-bf83-0093aef3a32a/21/charles-randell-185x114.jpg" /> <p><!--summary start--> Charles Randell, former chair of the Financial Conduct Authority, has strongly criticised the proposed cryptocurrency regulatory regime issued by the Treasury this week. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/a1d8bb3/a76c65df-17ad-498b-bf83-0093aef3a32a/21/charles-randell-185x114.jpg https://www.investmentweek.co.uk/news/4141613/former-fca-chair-slams-proposed-crypto-regulation-government https://www.investmentweek.co.uk/news/4141613/former-fca-chair-slams-proposed-crypto-regulation-government https://www.investmentweek.co.uk/news/4141613/former-fca-chair-slams-proposed-crypto-regulation-government Fri, 3 Nov 2023 08:14:53 +0000 Industry bodies agree standardised responsible investment definitions <img alt="Industry bodies agree standardised responsible investment definitions" src="https://www.investmentweek.co.uk/api/v1/wps/acb821d/0063008a-8f4f-4bc3-9708-87c1eca0d1ba/3/esg-2-185x114.jpg" /> <p><!--summary start--> The CFA Institute, the UN Principles for Responsible Investment body and the Global Sustainable Investment Alliance have agreed harmonised definitions for responsible investment terms. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/acb821d/0063008a-8f4f-4bc3-9708-87c1eca0d1ba/3/esg-2-185x114.jpg https://www.investmentweek.co.uk/news/4141418/industry-bodies-agree-standardised-responsible-investment-definitions https://www.investmentweek.co.uk/news/4141418/industry-bodies-agree-standardised-responsible-investment-definitions https://www.investmentweek.co.uk/news/4141418/industry-bodies-agree-standardised-responsible-investment-definitions Thu, 2 Nov 2023 12:26:14 +0000 Registration to vote on Link Fund Solutions' Woodford scheme of arrangement opens <img alt="Registration to vote on Link Fund Solutions&#39; Woodford scheme of arrangement opens" src="https://www.investmentweek.co.uk/api/v1/wps/75d3752/0784f7c4-677e-4a17-992e-241dd7f58d93/8/SI22-sustainable-voting-AGM-group-185x114.jpg" /> <p><!--summary start--> Investors in the former Woodford Equity Income fund are now able to register to vote on Link Fund Solutions’ scheme of arrangement. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/75d3752/0784f7c4-677e-4a17-992e-241dd7f58d93/8/SI22-sustainable-voting-AGM-group-185x114.jpg https://www.investmentweek.co.uk/news/4137283/registration-vote-link-fund-solutions-woodford-scheme-arrangement https://www.investmentweek.co.uk/news/4137283/registration-vote-link-fund-solutions-woodford-scheme-arrangement https://www.investmentweek.co.uk/news/4137283/registration-vote-link-fund-solutions-woodford-scheme-arrangement Mon, 23 Oct 2023 10:31:57 +0000 BoE's Woods outlines plans to overhaul banking regulation after SVB and Credit Suisse collapses <img alt="BoE&#39;s Woods outlines plans to overhaul banking regulation after SVB and Credit Suisse collapses" src="https://www.investmentweek.co.uk/api/v1/wps/35d720a/798eb6f0-a5d8-4205-88c2-c6f1abd31f5e/30/sam-woods-185x114.jpeg" /> <p><!--summary start--> The Bank of England is poised to make a range of changes to banking regulations in response to the collapses of Silicon Valley Bank and Credit Suisse earlier this year. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/35d720a/798eb6f0-a5d8-4205-88c2-c6f1abd31f5e/30/sam-woods-185x114.jpeg https://www.investmentweek.co.uk/news/4135223/boes-woods-outlines-plans-overhaul-banking-regulation-svb-credit-suisse-collapses https://www.investmentweek.co.uk/news/4135223/boes-woods-outlines-plans-overhaul-banking-regulation-svb-credit-suisse-collapses https://www.investmentweek.co.uk/news/4135223/boes-woods-outlines-plans-overhaul-banking-regulation-svb-credit-suisse-collapses Tue, 17 Oct 2023 13:51:01 +0000 FCA's Rathi pushes for radical overhaul of stock exchange rules <img alt="FCA&#39;s Rathi pushes for radical overhaul of stock exchange rules" src="https://www.investmentweek.co.uk/api/v1/wps/32c0034/f5dddfbb-5beb-419e-9e8d-6e8f9b5456f2/2/RATHI-Nikhil-FCA-2020-edited-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority chief executive Nikhil Rathi has voiced support for plans to radically overhaul the London Stock Exchange’s system of company listings. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/32c0034/f5dddfbb-5beb-419e-9e8d-6e8f9b5456f2/2/RATHI-Nikhil-FCA-2020-edited-185x114.jpg https://www.investmentweek.co.uk/news/4134952/fcas-rathi-pushes-radical-overhaul-stock-exchange-rules https://www.investmentweek.co.uk/news/4134952/fcas-rathi-pushes-radical-overhaul-stock-exchange-rules https://www.investmentweek.co.uk/news/4134952/fcas-rathi-pushes-radical-overhaul-stock-exchange-rules Tue, 17 Oct 2023 07:13:59 +0000 St James's Place under regulatory scrutiny to reform fee structure - reports <img alt="St James&#39;s Place under regulatory scrutiny to reform fee structure - reports" src="https://www.investmentweek.co.uk/api/v1/wps/612dd0b/aba636cb-c740-43b4-ab19-84d013bd23f0/8/saint-james-place-sjp-2019-185x114.jpeg" /> <p><!--summary start--> St James’s Place is facing pressure from regulators to reform its fee model in a bid to comply with the recently introduced Consumer Duty. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/612dd0b/aba636cb-c740-43b4-ab19-84d013bd23f0/8/saint-james-place-sjp-2019-185x114.jpeg https://www.investmentweek.co.uk/news/4134053/st-jamess-regulatory-scrutiny-reform-fee-structure-reports https://www.investmentweek.co.uk/news/4134053/st-jamess-regulatory-scrutiny-reform-fee-structure-reports https://www.investmentweek.co.uk/news/4134053/st-jamess-regulatory-scrutiny-reform-fee-structure-reports Fri, 13 Oct 2023 07:33:35 +0000 FCA to consult on amending regimes for alternative fund managers and retail funds <img alt="FCA to consult on amending regimes for alternative fund managers and retail funds " src="https://www.investmentweek.co.uk/api/v1/wps/aee57f5/b538a276-4166-4c09-8eda-2c6f47d7d9ca/15/fca-reception-1-580-358-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has set out plans to consult on amending and re-evaluating the regimes governing alternative fund managers and retail funds next year, as well as reviewing the regulatory reporting regime in 2025. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/aee57f5/b538a276-4166-4c09-8eda-2c6f47d7d9ca/15/fca-reception-1-580-358-185x114.jpg https://www.investmentweek.co.uk/news/4133834/fca-consult-amending-regimes-alternative-fund-managers-retail-funds https://www.investmentweek.co.uk/news/4133834/fca-consult-amending-regimes-alternative-fund-managers-retail-funds https://www.investmentweek.co.uk/news/4133834/fca-consult-amending-regimes-alternative-fund-managers-retail-funds Thu, 12 Oct 2023 14:25:16 +0000 Woodford investors to vote in single class as scheme of arrangement vote delayed <img alt="Woodford investors to vote in single class as scheme of arrangement vote delayed" src="https://www.investmentweek.co.uk/api/v1/wps/1316b68/4685cfe8-0969-4dc3-b784-f465aea188cc/24/woodford-neil-new-185x114.png" /> <p><!--summary start--> Investors in the former Woodford Equity Income fund will vote on the proposed scheme of arrangement regarding Link Fund Solutions in a single class, with no distinction made between retail and institutional investors. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/1316b68/4685cfe8-0969-4dc3-b784-f465aea188cc/24/woodford-neil-new-185x114.png https://www.investmentweek.co.uk/news/4133852/woodford-investors-vote-single-class-scheme-arrangement-vote-delayed https://www.investmentweek.co.uk/news/4133852/woodford-investors-vote-single-class-scheme-arrangement-vote-delayed https://www.investmentweek.co.uk/news/4133852/woodford-investors-vote-single-class-scheme-arrangement-vote-delayed Thu, 12 Oct 2023 13:39:17 +0000 Link Fund Solutions first court hearing extended as parties clash over class meetings <img alt="Link Fund Solutions first court hearing extended as parties clash over class meetings" src="https://www.investmentweek.co.uk/api/v1/wps/878243e/dbeb3612-6d04-4dbd-a25c-5a5a67954d88/4/court-room-scales-justice-185x114.jpg" /> <p><!--summary start--> The first court hearing related to the FCA-backed scheme of arrangement for investors in the former Woodford Equity Income fund has been adjourned until Thursday 12 October, with final confirmation yet to be offered on the exact date. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/878243e/dbeb3612-6d04-4dbd-a25c-5a5a67954d88/4/court-room-scales-justice-185x114.jpg https://www.investmentweek.co.uk/news/4133168/link-fund-solutions-court-hearing-extended-parties-clash-class-meetings https://www.investmentweek.co.uk/news/4133168/link-fund-solutions-court-hearing-extended-parties-clash-class-meetings https://www.investmentweek.co.uk/news/4133168/link-fund-solutions-court-hearing-extended-parties-clash-class-meetings Tue, 10 Oct 2023 17:07:42 +0000 Deep Dive: Consumer Duty is 'forcing' DFMs and asset managers to justify value and costs <img alt="Deep Dive: Consumer Duty is &#39;forcing&#39; DFMs and asset managers to justify value and costs" src="https://www.investmentweek.co.uk/api/v1/wps/844aec4/a4507eb7-31dd-4069-9837-433f8b14607c/24/iw-fees-charges-etf-generic-185x114.jpg" /> <p><!--summary start--> The Consumer Duty's implementation has meant all players in the distribution supply chain have had to review and adapt most of their processes to become compliant, with a focus on demonstrating the ability to deliver value to end clients. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/844aec4/a4507eb7-31dd-4069-9837-433f8b14607c/24/iw-fees-charges-etf-generic-185x114.jpg https://www.investmentweek.co.uk/feature/4125771/deep-dive-consumer-duty-forcing-dfms-asset-managers-justify-value-costs https://www.investmentweek.co.uk/feature/4125771/deep-dive-consumer-duty-forcing-dfms-asset-managers-justify-value-costs https://www.investmentweek.co.uk/feature/4125771/deep-dive-consumer-duty-forcing-dfms-asset-managers-justify-value-costs Fri, 15 Sep 2023 12:08:55 +0000 JPMorgan's Dimon warns bank stocks will suffer under US capital rules - reports <img alt="JPMorgan&#39;s Dimon warns bank stocks will suffer under US capital rules - reports" src="https://www.investmentweek.co.uk/api/v1/wps/25021a5/f7e83600-b102-490b-aaf6-383f31bbe6bb/2/DIMON-Jamie-JP-Morgan-2016-185x114.jpg" /> <p><!--summary start--> Plans for new capital rules in the US could damage the attractiveness of bank stocks and make loans more expensive, Jamie Dimon, chief executive of JPMorgan Chase, has argued. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/25021a5/f7e83600-b102-490b-aaf6-383f31bbe6bb/2/DIMON-Jamie-JP-Morgan-2016-185x114.jpg https://www.investmentweek.co.uk/news/4124661/jpmorgans-dimon-warns-bank-stocks-suffer-us-capital-rules-reports https://www.investmentweek.co.uk/news/4124661/jpmorgans-dimon-warns-bank-stocks-suffer-us-capital-rules-reports https://www.investmentweek.co.uk/news/4124661/jpmorgans-dimon-warns-bank-stocks-suffer-us-capital-rules-reports Tue, 12 Sep 2023 10:39:21 +0000 FCA provisionally opts not to involve CMA in wholesale data market review <img alt="FCA provisionally opts not to involve CMA in wholesale data market review" src="https://www.investmentweek.co.uk/api/v1/wps/84800e5/b7d991bc-3b2d-4f8f-be47-ceec332adbe0/2/fca-reception-3-580-358-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has provisionally opted not to make a market investigation reference (MIR) to the Competition and Markets Authority for any of the three markets it is reviewing as part of its wholesale data market study. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/84800e5/b7d991bc-3b2d-4f8f-be47-ceec332adbe0/2/fca-reception-3-580-358-185x114.jpg https://www.investmentweek.co.uk/news/4123750/fca-provisionally-opts-involve-cma-wholesale-market-review https://www.investmentweek.co.uk/news/4123750/fca-provisionally-opts-involve-cma-wholesale-market-review https://www.investmentweek.co.uk/news/4123750/fca-provisionally-opts-involve-cma-wholesale-market-review Thu, 31 Aug 2023 07:50:15 +0000 FCA: Woodford compensation payments could begin as early as 2024 <img alt="FCA: Woodford compensation payments could begin as early as 2024" src="https://www.investmentweek.co.uk/api/v1/wps/29cb5dd/47129a39-65ed-4cbd-a25d-a3741077f165/18/woodford-neil-new-185x114.png" /> <p><!--summary start--> The Financial Conduct Authority has said investors in the former Woodford Equity Income fund could begin to see compensation as early as 2024, subject to the approval of the scheme and completion of the sale of Link Fund Solutions. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/29cb5dd/47129a39-65ed-4cbd-a25d-a3741077f165/18/woodford-neil-new-185x114.png https://www.investmentweek.co.uk/news/4121120/fca-woodford-compensation-payments-begin-2024 https://www.investmentweek.co.uk/news/4121120/fca-woodford-compensation-payments-begin-2024 https://www.investmentweek.co.uk/news/4121120/fca-woodford-compensation-payments-begin-2024 Fri, 28 Jul 2023 12:02:25 +0000 Credit Suisse receives record fine over Archegos failures <img alt="Credit Suisse receives record fine over Archegos failures" src="https://www.investmentweek.co.uk/api/v1/wps/792d377/37d50273-5050-4086-894e-13d849cbe68e/4/credit-suisse-185x114.jpg" /> <p><!--summary start--> Credit Suisse has been fined a record £87m by the Prudential Regulation Authority as part of a co-ordinated global resolution that sees the firm face penalties of more than $387m over “significant failures” in risk management and governance related to its exposure to Archegos Capital Management. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/792d377/37d50273-5050-4086-894e-13d849cbe68e/4/credit-suisse-185x114.jpg https://www.investmentweek.co.uk/news/4120805/credit-suisse-receives-record-fine-archegos-failures https://www.investmentweek.co.uk/news/4120805/credit-suisse-receives-record-fine-archegos-failures https://www.investmentweek.co.uk/news/4120805/credit-suisse-receives-record-fine-archegos-failures Tue, 25 Jul 2023 07:27:01 +0000 FCA eyes stringent social media rules in financial promotions crackdown <img alt="FCA eyes stringent social media rules in financial promotions crackdown" src="https://www.investmentweek.co.uk/api/v1/wps/924185c/03556f14-ae52-4992-bcee-37e0cfcc90af/10/social-media-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority is proposing the introduction of new social media guidance to tackle illegal and non-compliant financial promotions. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/924185c/03556f14-ae52-4992-bcee-37e0cfcc90af/10/social-media-185x114.jpg https://www.investmentweek.co.uk/news/4120258/fca-eyes-stringent-social-media-rules-financial-promotions-crackdown https://www.investmentweek.co.uk/news/4120258/fca-eyes-stringent-social-media-rules-financial-promotions-crackdown https://www.investmentweek.co.uk/news/4120258/fca-eyes-stringent-social-media-rules-financial-promotions-crackdown Mon, 17 Jul 2023 10:21:02 +0000 Lawyer of alleged Odey victims calls on FCA to ringfence Odey AM assets <img alt="Lawyer of alleged Odey victims calls on FCA to ringfence Odey AM assets" src="https://www.investmentweek.co.uk/api/v1/wps/009d452/82f7025e-5bb3-4d10-bfb6-29141bcaa596/3/legal-185x114.jpg" /> <p><!--summary start--> A lawyer representing two alleged sexual assault victims of Crispin Odey has written to the Financial Conduct Authority, asking the regulator to ringfence Odey Asset Management assets. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/009d452/82f7025e-5bb3-4d10-bfb6-29141bcaa596/3/legal-185x114.jpg https://www.investmentweek.co.uk/news/4119898/lawyer-alleged-odey-victims-calls-fca-ringfence-odey-assets https://www.investmentweek.co.uk/news/4119898/lawyer-alleged-odey-victims-calls-fca-ringfence-odey-assets https://www.investmentweek.co.uk/news/4119898/lawyer-alleged-odey-victims-calls-fca-ringfence-odey-assets Tue, 11 Jul 2023 13:59:12 +0000 FCA confirms investigations into Crispin Odey and Odey Asset Management <img alt="FCA confirms investigations into Crispin Odey and Odey Asset Management" src="https://www.investmentweek.co.uk/api/v1/wps/22d1aef/03043e8c-24d5-4033-a998-655c29658c0f/6/ODEY-Crispin-ALAMY-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has confirmed ongoing investigations into both Crispin Odey and Odey Asset Management, which were launched in mid-2021. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/22d1aef/03043e8c-24d5-4033-a998-655c29658c0f/6/ODEY-Crispin-ALAMY-185x114.jpg https://www.investmentweek.co.uk/news/4119474/fca-confirms-investigations-crispin-odey-odey-asset-management https://www.investmentweek.co.uk/news/4119474/fca-confirms-investigations-crispin-odey-odey-asset-management https://www.investmentweek.co.uk/news/4119474/fca-confirms-investigations-crispin-odey-odey-asset-management Wed, 5 Jul 2023 07:40:03 +0000 Crispin Odey no longer regulated to deal directly with clients <img alt="Crispin Odey no longer regulated to deal directly with clients" src="https://www.investmentweek.co.uk/api/v1/wps/241cfd3/f25a3ea9-55ac-4eab-a6f6-b3062d46f2d0/6/ODEY-Crispin-2020-sepia-185x114.jpg" /> <p><!--summary start--> Crispin Odey no longer holds regulatory approval to deal directly with clients and is no longer in any role that requires regulatory approval, according to the Financial Conduct Authority register. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/241cfd3/f25a3ea9-55ac-4eab-a6f6-b3062d46f2d0/6/ODEY-Crispin-2020-sepia-185x114.jpg https://www.investmentweek.co.uk/news/4118347/crispin-odey-regulated-deal-directly-clients https://www.investmentweek.co.uk/news/4118347/crispin-odey-regulated-deal-directly-clients https://www.investmentweek.co.uk/news/4118347/crispin-odey-regulated-deal-directly-clients Tue, 20 Jun 2023 07:30:57 +0000 Odey AM employee assets restricted by FCA <img alt="Odey AM employee assets restricted by FCA" src="https://www.investmentweek.co.uk/api/v1/wps/59fb895/5fcdbbf8-b876-4958-bafd-1526ff5497a6/9/ODEY-Crispin-ALAMY-2EG596D-185x114.jpg" /> <p><!--summary start--> Employees of Odey Asset Management, including eponymous founder Crispin Odey, are no longer able to access any funds they have invested with the firm without the prior written consent of the Financial Conduct Authority. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/59fb895/5fcdbbf8-b876-4958-bafd-1526ff5497a6/9/ODEY-Crispin-ALAMY-2EG596D-185x114.jpg https://www.investmentweek.co.uk/news/4118290/odey-employee-assets-restricted-fca https://www.investmentweek.co.uk/news/4118290/odey-employee-assets-restricted-fca https://www.investmentweek.co.uk/news/4118290/odey-employee-assets-restricted-fca Mon, 19 Jun 2023 11:00:16 +0000 Bank of England to review inflation forecast models following Treasury concerns <img alt="Bank of England to review inflation forecast models following Treasury concerns" src="https://www.investmentweek.co.uk/api/v1/wps/0504f1e/d0965cbe-ddf6-4681-884d-72749ee4f2cd/24/bank-of-england-185x114.jpg" /> <p><!--summary start--> The Bank of England is set to review its forecasting models following MPs concerns about the central bank’s ability to calculate inflation. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/0504f1e/d0965cbe-ddf6-4681-884d-72749ee4f2cd/24/bank-of-england-185x114.jpg https://www.investmentweek.co.uk/news/4118018/bank-england-review-inflation-forecast-models-following-treasury-concerns https://www.investmentweek.co.uk/news/4118018/bank-england-review-inflation-forecast-models-following-treasury-concerns https://www.investmentweek.co.uk/news/4118018/bank-england-review-inflation-forecast-models-following-treasury-concerns Thu, 15 Jun 2023 07:28:44 +0000 M&G launches full PruFund range on Wealth platform <img alt="M&amp;G launches full PruFund range on Wealth platform " src="https://www.investmentweek.co.uk/api/v1/wps/475156e/b2e42d4c-1f0e-4e44-a6c6-8cadd52dc6e4/9/PruFund-on-platform-2-185x114.jpg" /> <p><!--summary start--> M&G has launched the full PruFund range on its £15.6bn Wealth platform, with the PruFund Growth, PruFund Cautious and five Risk Managed PruFunds now available. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/475156e/b2e42d4c-1f0e-4e44-a6c6-8cadd52dc6e4/9/PruFund-on-platform-2-185x114.jpg https://www.investmentweek.co.uk/news/4116078/launches-prufund-range-wealth-platform https://www.investmentweek.co.uk/news/4116078/launches-prufund-range-wealth-platform https://www.investmentweek.co.uk/news/4116078/launches-prufund-range-wealth-platform Mon, 22 May 2023 07:30:47 +0000 Morningstar: FCA has a 'once-in-a-generation opportunity' in SDR <img alt="Morningstar: FCA has a &#39;once-in-a-generation opportunity&#39; in SDR" src="https://www.investmentweek.co.uk/api/v1/wps/91c4dcd/00e9b2fc-0672-4007-9913-37b6f60b452b/6/fca-reception-3-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has a “once-in-a-generation opportunity” to build a truly cohesive framework in its upcoming Sustainability Disclosure Requirements, Morningstar has said. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/91c4dcd/00e9b2fc-0672-4007-9913-37b6f60b452b/6/fca-reception-3-185x114.jpg https://www.investmentweek.co.uk/news/4115894/morningstar-fca-generation-opportunity-sdr https://www.investmentweek.co.uk/news/4115894/morningstar-fca-generation-opportunity-sdr https://www.investmentweek.co.uk/news/4115894/morningstar-fca-generation-opportunity-sdr Thu, 18 May 2023 10:25:34 +0000