Investment Week www.investmentweek.co.uk For the sake of future generations pensions must be invested correctly <img alt="For the sake of future generations pensions must be invested correctly" src="https://www.investmentweek.co.uk/api/v1/wps/eb9d4ba/cd9bea54-ba01-49aa-8c0b-9686d4e90701/10/LEVIN-steven-2021-roi-1-185x114.jpg" /> <p><!--summary start--> Much has been made of the great wealth transfer that is due to take place between the generations in the coming years. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/eb9d4ba/cd9bea54-ba01-49aa-8c0b-9686d4e90701/10/LEVIN-steven-2021-roi-1-185x114.jpg https://www.investmentweek.co.uk/opinion/4043959/sake-future-generations-pensions-invested-correctly https://www.investmentweek.co.uk/opinion/4043959/sake-future-generations-pensions-invested-correctly https://www.investmentweek.co.uk/opinion/4043959/sake-future-generations-pensions-invested-correctly Thu, 27 Jan 2022 10:33:29 +0000 Whistleblowers make 2,754 separate allegations of financial misconduct to FCA <img alt="Whistleblowers make 2,754 separate allegations of financial misconduct to FCA" src="https://www.investmentweek.co.uk/api/v1/wps/653c812/0c0a6f97-e4d3-4104-868d-645b92c7747c/6/fca2018regulation5-580-358-185x114.jpg" /> <p><!--summary start--> A total of 2,754 separate allegations of misconduct, including fraud, money laundering and compliance complaints have been logged with the Financial Conduct Authority (FCA), with 184 individuals and firms currently under investigation for carrying out unauthorised business. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/653c812/0c0a6f97-e4d3-4104-868d-645b92c7747c/6/fca2018regulation5-580-358-185x114.jpg https://www.investmentweek.co.uk/news/4035764/whistleblowers-2754-separate-allegations-financial-misconduct-fca https://www.investmentweek.co.uk/news/4035764/whistleblowers-2754-separate-allegations-financial-misconduct-fca https://www.investmentweek.co.uk/news/4035764/whistleblowers-2754-separate-allegations-financial-misconduct-fca Thu, 12 Aug 2021 10:56:45 +0000 Wealth manager Dolfin Financial collapses after FCA probe <p><!--summary start--> Wealth manager Dolfin Financial has entered special administration, after the Financial Conduct Authority (FCA) placed restrictions on its activities. <!--summary end--></p> https://www.investmentweek.co.uk/news/4033831/wealth-manager-dolfin-financial-collapses-fca-probe https://www.investmentweek.co.uk/news/4033831/wealth-manager-dolfin-financial-collapses-fca-probe Fri, 2 Jul 2021 06:45:25 +0000 FCA eyes new consumer protection rules for product providers and distributors <p><!--summary start--> The Financial Conduct Authority (FCA) has issued proposals designed to stop firms creating retail products where the complexity disguises high risks, high costs or poor prospects of returns. <!--summary end--></p> https://www.investmentweek.co.uk/news/4031323/fca-eyes-consumer-protection-rules-product-providers-distributors https://www.investmentweek.co.uk/news/4031323/fca-eyes-consumer-protection-rules-product-providers-distributors Fri, 14 May 2021 09:32:33 +0000 Ninety One AoV: Nearly a third of funds do not offer value to investors <p><!--summary start--> Twelve of the 40 funds evaluated by Ninety One have been found not to offer value to investors, with performance at the heart of the issue, according to the firm’s first Assessment of Value report. <!--summary end--></p> https://www.investmentweek.co.uk/news/4018777/ninety-aov-nearly-funds-offer-value-investors https://www.investmentweek.co.uk/news/4018777/ninety-aov-nearly-funds-offer-value-investors Mon, 10 Aug 2020 06:26:01 +0000 Short selling spikes in March as coronavirus crisis deepens <p><!--summary start--> Shorting of UK stocks rocketed in March as the global coronavirus pandemic caused widespread market uncertainty, according to analysis. <!--summary end--></p> https://www.investmentweek.co.uk/news/4013348/short-selling-spikes-march-coronavirus-crisis-deepens https://www.investmentweek.co.uk/news/4013348/short-selling-spikes-march-coronavirus-crisis-deepens Tue, 31 Mar 2020 16:35:00 +0000 FCA publishes guidance on treatment of vulnerable customers <p><!--summary start--> The Financial Conduct Authority (FCA) has published a 41-page piece of guidance for businesses on how to better treat vulnerable customers. <!--summary end--></p> https://www.investmentweek.co.uk/news/3079411/fca-publishes-guidance-treatment-vulnerable-customers https://www.investmentweek.co.uk/news/3079411/fca-publishes-guidance-treatment-vulnerable-customers Tue, 23 Jul 2019 10:23:00 +0000 FCA grilled platforms on asset freezes in March before Woodford saga <p><!--summary start--> As the fallout from the Woodford Equity Income fund suspension continues, Professional Adviser can reveal the FCA wrote to platforms in March to enquire about their processes around asset freezes. <!--summary end--></p> https://www.investmentweek.co.uk/news/3077499/fca-grilled-platforms-asset-freezes-march-woodford-saga https://www.investmentweek.co.uk/news/3077499/fca-grilled-platforms-asset-freezes-march-woodford-saga Mon, 17 Jun 2019 14:09:42 +0000 FCA grilled platforms on asset freezes in March before Woodford saga <p><!--summary start--> As the fallout from the Woodford Equity Income fund suspension continues, Investment Week's sister title Professional Adviser can reveal that the FCA wrote to platforms in March to enquire about their processes around asset freezes. <!--summary end--></p> https://www.investmentweek.co.uk/news/3077492/fca-grilled-platforms-asset-freezes-march-woodford-saga https://www.investmentweek.co.uk/news/3077492/fca-grilled-platforms-asset-freezes-march-woodford-saga Mon, 17 Jun 2019 13:09:00 +0000 FCA wins High Court case against unauthorised forex firm <p><!--summary start--> A financial services firm that received at least £1m from investors but only used a small amount of it for trading has been held to have carried out an unauthorised investment scheme. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3076197/fca-wins-court-case-unauthorised-forex-firm https://www.investmentweek.co.uk/investment-week/news/3076197/fca-wins-court-case-unauthorised-forex-firm Wed, 22 May 2019 13:31:00 +0000 FSCS ups final levy for 2019/20 by £16m to £532m <p><!--summary start--> The FSCS is to levy firms £532m this year - £16m more than it forecast in its 2019/20 Plan and Budget in January - although the levy required for life, pensions and investment advice has been reduced by £29m to £211m. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3074787/fscs-ups-final-levy-2019-gbp16m-gbp532m https://www.investmentweek.co.uk/investment-week/news/3074787/fscs-ups-final-levy-2019-gbp16m-gbp532m Tue, 30 Apr 2019 07:55:00 +0000 Advisers struggling with MiFID II requirements amid 'regulatory fatigue' <p><!--summary start--> Financial advisers are split over the effect MiFID II has had on their business processes, research from Financial Express (FE) has suggested. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3074484/advisers-struggling-mifid-ii-requirements-amid-regulatory-fatigue https://www.investmentweek.co.uk/investment-week/news/3074484/advisers-struggling-mifid-ii-requirements-amid-regulatory-fatigue Tue, 23 Apr 2019 14:42:59 +0000 FCA sets out five priorities for 2019/20; plans new MiFID prudential regime <p><!--summary start--> The financial watchdog has published its business plan for the year ahead and it has set out five key priorities for the next 12 months. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3074276/fca-sets-priorities-2019-plans-mifid-prudential-regime https://www.investmentweek.co.uk/investment-week/news/3074276/fca-sets-priorities-2019-plans-mifid-prudential-regime Wed, 17 Apr 2019 07:09:00 +0000 FCA's supervision of London Capital & Finance to be investigated <p><!--summary start--> The Financial Conduct Authority (FCA) has called for an independent investigation into the issues raised by the collapse of London Capital & Finance (LCF), including its own supervision of the firm. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3073489/fca-supervision-london-capital-finance-investigated https://www.investmentweek.co.uk/investment-week/news/3073489/fca-supervision-london-capital-finance-investigated Tue, 2 Apr 2019 06:05:00 +0000 FCA devotes more than 300,000 man-hours to Brexit <p><!--summary start--> The number of man-hours the Financial Conduct Authority (FCA) has dedicated to Brexit has gone well past the 300,000 mark, Investment Week's sister title Professional Adviser has learned. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3073407/fca-devotes-300-man-hours-brexit https://www.investmentweek.co.uk/investment-week/news/3073407/fca-devotes-300-man-hours-brexit Fri, 29 Mar 2019 13:25:00 +0000 FCA: £197m lost to investment scams in 2018 <p><!--summary start--> Investment scams led to £197m of reported losses last year, with victims losing an average £29,000 each, data from the national fraud reporting agency Action Fraud has revealed. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3070499/emb-wed-fca-gbp197m-lost-investment-scams-2018 https://www.investmentweek.co.uk/investment-week/news/3070499/emb-wed-fca-gbp197m-lost-investment-scams-2018 Wed, 6 Feb 2019 01:00:00 +0000 FSCS to enforce extra £78m levy on financial advisers <p><!--summary start--> Financial advisers will have to pay an extra £78m towards the funding of the Financial Services Compensation Scheme (FSCS) in the 2018/19 levy year as a result of the rising costs of claims against them. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3070199/fscs-enforce-extra-gbp78m-levy-financial-advisers https://www.investmentweek.co.uk/investment-week/news/3070199/fscs-enforce-extra-gbp78m-levy-financial-advisers Thu, 31 Jan 2019 09:18:00 +0000 What are the challenges facing financial advisers in 2019? <p><!--summary start--> Partner Insight: A changing regulatory landscape and market volatility are on the agenda <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/sponsored/3068773/challenges-facing-financial-advisers-2019 https://www.investmentweek.co.uk/investment-week/sponsored/3068773/challenges-facing-financial-advisers-2019 Mon, 7 Jan 2019 00:00:00 +0000 New regulation responsible for outsourcing boom - Architas' Bampton <p><!--summary start--> Partner Insight: The rise in demand for DFM and multi manager solutions has been largely driven by new mandates from the regulator, says James Bampton, head of UK intermediary distribution at Architas <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/sponsored/3063711/regulation-responsible-outsourcing-boom-architas-bampton https://www.investmentweek.co.uk/investment-week/sponsored/3063711/regulation-responsible-outsourcing-boom-architas-bampton Thu, 18 Oct 2018 03:34:00 +0000 'Unnecessary burden': Advisers cast doubt on MiFID II effectiveness <p><!--summary start--> Financial advisers have criticised the European regulation Markets in Financial Instruments Directive II (MiFID II) for having a negative effect on the advice profession, while the legislation was also dubbed "a waste of time and money". <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3063779/unnecessary-burden-advisers-cast-doubt-mifid-ii-effectiveness https://www.investmentweek.co.uk/investment-week/news/3063779/unnecessary-burden-advisers-cast-doubt-mifid-ii-effectiveness Tue, 2 Oct 2018 12:55:00 +0000 FCA plans drawdown 'investment pathways' to boost outcomes <p><!--summary start--> The Financial Conduct Authority (FCA) wants to introduce investment "pathways" for drawdown retirees to make sure people are obtaining value for money. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3034957/fca-plans-drawdown-investment-pathways-boost-outcomes https://www.investmentweek.co.uk/investment-week/news/3034957/fca-plans-drawdown-investment-pathways-boost-outcomes Thu, 28 Jun 2018 07:20:00 +0000 FCA: Retirement wake-up packs must start at 50 <p><!--summary start--> The Financial Conduct Authority (FCA) has proposed retirement wake-up packs should should be sent to customers from the age of 50 to ensure better engagement for customers in the conclusion of its retirement outcomes review. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3034955/fca-retirement-wake-packs-start https://www.investmentweek.co.uk/investment-week/news/3034955/fca-retirement-wake-packs-start Thu, 28 Jun 2018 07:07:00 +0000 Capita pays FCA £51m over Connaught UCIS investments <p><!--summary start--> Capita Financial Managers (CFM) has paid the Financial Conduct Authority (FCA) £51m in redress as a result of investments in the now defunct Connaught Income fund, Series 1. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3030120/capita-pays-fca-gbp51m-connaught-ucis-investments https://www.investmentweek.co.uk/investment-week/news/3030120/capita-pays-fca-gbp51m-connaught-ucis-investments Thu, 12 Apr 2018 14:34:46 +0000 FCA has 'no immediate plans' to deal with pre-RDR trail commission <p><!--summary start--> The Financial Conduct Authority (FCA) has said it has "no immediate plans" to change its policy on trail commission but is still considering the issue. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3029636/fca-immediate-plans-deal-pre-rdr-trail-commission https://www.investmentweek.co.uk/investment-week/news/3029636/fca-immediate-plans-deal-pre-rdr-trail-commission Thu, 5 Apr 2018 07:38:55 +0000 FOS to hire independent reviewer in wake of Channel 4 investigation <p><!--summary start--> The Financial Ombudsman Service (FOS) is to appoint an independent reviewer to consider issues raised in the recently broadcast Channel 4 Dispatches investigation, the body's chief executive Caroline Wayman has revealed. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3029123/fos-hire-independent-reviewer-wake-channel-investigation https://www.investmentweek.co.uk/investment-week/news/3029123/fos-hire-independent-reviewer-wake-channel-investigation Sun, 25 Mar 2018 15:01:00 +0000 Government considers 'knowledge-intensive EIS fund structure' <p><!--summary start--> The government has followed up its Patient Capital Review with a consultation exploring possible options for an Enterprise Investment Scheme (EIS) fund structure aimed specifically at investment in knowledge-intensive companies. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3028370/government-considers-knowledge-intensive-eis-fund-structure https://www.investmentweek.co.uk/investment-week/news/3028370/government-considers-knowledge-intensive-eis-fund-structure Tue, 13 Mar 2018 14:05:53 +0000 Undertrained FOS staff 'rely on Google' to solve cases <p><!--summary start--> An investigation into the Financial Ombudsman Service (FOS) revealed the body undertrains its staff, resulting in them not fully understanding the products customers are complaining about. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3028362/undertrained-fos-staff-rely-google-solve-cases https://www.investmentweek.co.uk/investment-week/news/3028362/undertrained-fos-staff-rely-google-solve-cases Tue, 13 Mar 2018 13:52:24 +0000 FCA receives more than 1,500 MiFID II queries in six months <p><!--summary start--> The Financial Conduct Authority (FCA) has received more than 1,500 calls and queries relating to the MiFID II rules, a freedom of information (FOI) request submitted by Investment Week's sister title Professional Adviser has revealed. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3027073/fca-receives-500-mifid-ii-queries-months https://www.investmentweek.co.uk/investment-week/news/3027073/fca-receives-500-mifid-ii-queries-months Wed, 21 Feb 2018 11:05:23 +0000 Update: Banking crisis lawyer Charles Randell confirmed as next FCA chairman <p><!--summary start--> Former Slaughter and May lawyer Charles Randell, who advised ministers on the 2008 financial crisis, has been confirmed as the next chairman of the Financial Conduct Authority (FCA). <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3023645/banking-crisis-lawyer-charles-randell-tipped-fca-chairman https://www.investmentweek.co.uk/investment-week/news/3023645/banking-crisis-lawyer-charles-randell-tipped-fca-chairman Fri, 5 Jan 2018 10:25:00 +0000 FSCS demands extra £24m levy due to rising SIPP claims <p><!--summary start--> The Financial Services Compensation Scheme (FSCS) has issued an additional £24m levy demand due to rising numbers of self-invested personal pensions (SIPP) claims. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3023775/fscs-demands-extra-gbp24m-levy-rising-sipp-claims https://www.investmentweek.co.uk/investment-week/news/3023775/fscs-demands-extra-gbp24m-levy-rising-sipp-claims Thu, 4 Jan 2018 10:47:00 +0000 FSCS admits Arch Cru compensation mistakes <p><!--summary start--> The Financial Services Compensation Scheme (FSCS) has made a series of overpayments and underpayments in compensation for the failed Arch Cru investment scheme. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3023770/fscs-admits-arch-cru-compensation-mistakes https://www.investmentweek.co.uk/investment-week/news/3023770/fscs-admits-arch-cru-compensation-mistakes Thu, 4 Jan 2018 10:11:29 +0000 FCA financial advice director Linda Woodall exits <p><!--summary start--> Linda Woodall, director of life insurance and financial advice at the Financial Conduct Authority (FCA), has stepped down from her role. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3023696/fca-financial-advice-director-linda-woodall-exits https://www.investmentweek.co.uk/investment-week/news/3023696/fca-financial-advice-director-linda-woodall-exits Wed, 3 Jan 2018 10:54:10 +0000 MiFID II and GDPR cause advisers biggest headaches in 2017 <p><!--summary start--> Cutting through MiFID II and General Data Protection Regulation (GDPR) red tape have been the two biggest challenges for advice businesses to get to grips with in 2017, according to Intelliflo. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3022821/mifid-ii-gdpr-cause-advisers-biggest-headaches https://www.investmentweek.co.uk/investment-week/news/3022821/mifid-ii-gdpr-cause-advisers-biggest-headaches Mon, 11 Dec 2017 13:06:00 +0000 VCTs/ISAs/Pensions: Five areas to watch in this week's Budget <p><!--summary start--> Tilney's Jason Hollands picks out five areas to keep an eye on when Chancellor Philip Hammond stands up to give his first Autumn Budget on Wednesday. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/opinion/3021497/vcts-isas-pensions-watch-weeks-budget https://www.investmentweek.co.uk/investment-week/opinion/3021497/vcts-isas-pensions-watch-weeks-budget Sun, 19 Nov 2017 16:40:00 +0000 Capita FM censured and ordered to pay £66m to Connaught investors <p><!--summary start--> Capita Financial Managers (CFM) has been publicly censured and ordered to pay up to £66m to investors who lost money as a result of investing in the now defunct Connaught fund. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3020799/capita-fm-censured-pay-gbp66m-connaught-investors https://www.investmentweek.co.uk/investment-week/news/3020799/capita-fm-censured-pay-gbp66m-connaught-investors Fri, 10 Nov 2017 10:00:00 +0000 FCA proposes £85,000 FSCS investment protection limit <p><!--summary start--> The Financial Conduct Authority (FCA) has proposed increasing the investment protection limit for consumers from the Financial Services Compensation Scheme (FSCS) by almost two-thirds to £85,000. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3020083/fca-proposes-gbp85-fscs-investment-protection-limit https://www.investmentweek.co.uk/investment-week/news/3020083/fca-proposes-gbp85-fscs-investment-protection-limit Mon, 30 Oct 2017 14:33:21 +0000 FCA proposes providers contribute 25% to FSCS <p><!--summary start--> The Financial Conduct Authority (FCA) has proposed that product providers stump up one-quarter (25%) of the cost of the Financial Services Compensation Scheme (FSCS) to intermediaries. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3020049/fca-proposes-providers-contribute-fscs https://www.investmentweek.co.uk/investment-week/news/3020049/fca-proposes-providers-contribute-fscs Mon, 30 Oct 2017 11:21:00 +0000 FCA looks at 'new golf days' in platform market study <p><!--summary start--> The Financial Conduct Authority (FCA) is looking at whether platforms should be able to offer advisers free training services and events as part of its platform market study, Professional Adviser understands. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3020033/fca-looks-golf-days-platform-market-study https://www.investmentweek.co.uk/investment-week/news/3020033/fca-looks-golf-days-platform-market-study Mon, 30 Oct 2017 08:51:55 +0000 FCA urges public to help highlight investment scam attempts <p><!--summary start--> The Financial Conduct Authority (FCA) has launched a campaign encouraging people to get in touch if they believe they have been contacted about a potential scam or fraudulent investment. <!--summary end--></p> https://www.investmentweek.co.uk/investment-week/news/3019773/fca-urges-public-help-highlight-investment-scam-attempts https://www.investmentweek.co.uk/investment-week/news/3019773/fca-urges-public-help-highlight-investment-scam-attempts Wed, 25 Oct 2017 09:14:00 +0000