Investment Week www.investmentweek.co.uk FCA funding to increase 11% as regulator sets out work on T+1 settlement <img alt="FCA funding to increase 11% as regulator sets out work on T+1 settlement" src="https://www.investmentweek.co.uk/api/v1/wps/9978be9/15540ab5-657e-45e8-aa68-8e12dc3b62d4/10/fca-2018-regulation-3-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has revealed its annual funding requirement is likely to increase by 10.7% to £755m for the 2024-25 financial year. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/9978be9/15540ab5-657e-45e8-aa68-8e12dc3b62d4/10/fca-2018-regulation-3-185x114.jpg https://www.investmentweek.co.uk/news/4187027/fca-funding-increase-regulator-sets-settlement https://www.investmentweek.co.uk/news/4187027/fca-funding-increase-regulator-sets-settlement https://www.investmentweek.co.uk/news/4187027/fca-funding-increase-regulator-sets-settlement Tue, 19 Mar 2024 11:42:32 +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 Listings reform will not cure 'general disinterest and malaise' in UK capital markets <img alt="Listings reform will not cure &#39;general disinterest and malaise&#39; in UK capital markets" src="https://www.investmentweek.co.uk/api/v1/wps/7ac66c5/f7957a83-3ced-4c63-8969-672f47f76851/9/london-185x114.jpg" /> <p><!--summary start--> Fund managers have argued the issues plaguing UK capital markets stretch beyond the Financial Conduct Authority’s listings regime reforms. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/7ac66c5/f7957a83-3ced-4c63-8969-672f47f76851/9/london-185x114.jpg https://www.investmentweek.co.uk/analysis/4176890/listings-reform-cure-disinterest-malaise-uk-capital-markets https://www.investmentweek.co.uk/analysis/4176890/listings-reform-cure-disinterest-malaise-uk-capital-markets https://www.investmentweek.co.uk/analysis/4176890/listings-reform-cure-disinterest-malaise-uk-capital-markets Wed, 21 Feb 2024 15:06:53 +0000 Global investors warn FCA's listings reform will regress shareholder protections <img alt="Global investors warn FCA&#39;s listings reform will regress shareholder protections" src="https://www.investmentweek.co.uk/api/v1/wps/6468194/292a36ca-3083-4423-9269-96454360b7da/8/Warnings-iStock-1252802600-185x114.jpg" /> <p><!--summary start--> Global investors representing $77trn of global assets under management have issued a warning against the Financial Conduct Authority's proposed UK listings regime reforms. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/6468194/292a36ca-3083-4423-9269-96454360b7da/8/Warnings-iStock-1252802600-185x114.jpg https://www.investmentweek.co.uk/news/4172317/global-investors-warn-fcas-listings-reform-regress-shareholder-protections https://www.investmentweek.co.uk/news/4172317/global-investors-warn-fcas-listings-reform-regress-shareholder-protections https://www.investmentweek.co.uk/news/4172317/global-investors-warn-fcas-listings-reform-regress-shareholder-protections Fri, 9 Feb 2024 13:06:58 +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 Europe-domiciled funds exempt from Consumer Duty requirements under Overseas Funds Regime <img alt="Europe-domiciled funds exempt from Consumer Duty requirements under Overseas Funds Regime" src="https://www.investmentweek.co.uk/api/v1/wps/77f8672/e4d8b35b-3056-48a9-9a48-bfd71692ec41/26/western-europe-185x114.jpg" /> <p><!--summary start--> Funds from the European Economic Area will not be required to comply with additional UK rules, including the Consumer Duty, under the Overseas Funds Regime, Investment Week understands. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/77f8672/e4d8b35b-3056-48a9-9a48-bfd71692ec41/26/western-europe-185x114.jpg https://www.investmentweek.co.uk/news/4169058/europe-domiciled-funds-exempt-consumer-duty-requirements-overseas-funds-regime https://www.investmentweek.co.uk/news/4169058/europe-domiciled-funds-exempt-consumer-duty-requirements-overseas-funds-regime https://www.investmentweek.co.uk/news/4169058/europe-domiciled-funds-exempt-consumer-duty-requirements-overseas-funds-regime Wed, 31 Jan 2024 15:53:08 +0000 Experts divided on abrdn takeover risk as Bird doubles down on cost-cutting <img alt="Experts divided on abrdn takeover risk as Bird doubles down on cost-cutting" src="https://www.investmentweek.co.uk/api/v1/wps/d0701c9/017cfd54-9180-4f47-ba5b-1790b21138fe/45/mergers-acquisitions-consolidation-generic-001-185x114.jpg" /> <p><!--summary start--> abrdn’s latest round of cost-cutting measures have divided experts on whether CEO Stephen Bird has done enough to shore up the security of the Edinburgh-based firm, and if a takeover is on the cards. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/d0701c9/017cfd54-9180-4f47-ba5b-1790b21138fe/45/mergers-acquisitions-consolidation-generic-001-185x114.jpg https://www.investmentweek.co.uk/news/4166962/experts-divided-abrdn-takeover-risk-bird-doubles-cost-cutting https://www.investmentweek.co.uk/news/4166962/experts-divided-abrdn-takeover-risk-bird-doubles-cost-cutting https://www.investmentweek.co.uk/news/4166962/experts-divided-abrdn-takeover-risk-bird-doubles-cost-cutting Wed, 24 Jan 2024 15:22:47 +0000 abrdn launches 'transformative' £150m cost cutting programme with 2025 deadline <img alt="abrdn launches &#39;transformative&#39; £150m cost cutting programme with 2025 deadline" src="https://www.investmentweek.co.uk/api/v1/wps/a6d0c64/5f048ec4-8969-4292-9c41-4191529f48bc/22/BIRD-Stephen-2021-185x114.jpg" /> <p><!--summary start--> abrdn has unveiled the extent of its latest cost cutting endeavour, which seeks to reduce annualised costs by £150m by the end of 2025, including 500 redundancies. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/a6d0c64/5f048ec4-8969-4292-9c41-4191529f48bc/22/BIRD-Stephen-2021-185x114.jpg https://www.investmentweek.co.uk/news/4166774/abrdn-launches-transformative-gbp150m-cost-cutting-programme-2025-deadline https://www.investmentweek.co.uk/news/4166774/abrdn-launches-transformative-gbp150m-cost-cutting-programme-2025-deadline https://www.investmentweek.co.uk/news/4166774/abrdn-launches-transformative-gbp150m-cost-cutting-programme-2025-deadline Wed, 24 Jan 2024 08:24:57 +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 Proof of value a key challenge for firms as industry shifts focus to consumer <img alt="Proof of value a key challenge for firms as industry shifts focus to consumer" src="https://www.investmentweek.co.uk/api/v1/wps/dd65a6e/126c61e9-106f-4ae1-a4e1-af34efce98fa/66/value-price-185x114.jpg" /> <p><!--summary start--> With Consumer Duty now fully unleashed upon the financial services sector, Investment Week asked several experts what the focus on ‘value for consumers' will bring in 2024, as companies attempt to provide a repeatable definition. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/dd65a6e/126c61e9-106f-4ae1-a4e1-af34efce98fa/66/value-price-185x114.jpg https://www.investmentweek.co.uk/analysis/4157865/pricing-value-demonstration-set-increased-attention-industry-shifts-focus-consumer https://www.investmentweek.co.uk/analysis/4157865/pricing-value-demonstration-set-increased-attention-industry-shifts-focus-consumer https://www.investmentweek.co.uk/analysis/4157865/pricing-value-demonstration-set-increased-attention-industry-shifts-focus-consumer Tue, 19 Dec 2023 15:29:20 +0000 FCA takes no action against Odey Asset Management following investigation <img alt="FCA takes no action against Odey Asset Management following investigation" 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 will not take any regulatory or enforcement action against Odey Asset Management, following allegations of sexual misconduct against founder Crispin Odey in June this year. <!--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/4158183/fca-takes-action-odey-asset-management-following-investigation https://www.investmentweek.co.uk/news/4158183/fca-takes-action-odey-asset-management-following-investigation https://www.investmentweek.co.uk/news/4158183/fca-takes-action-odey-asset-management-following-investigation Tue, 19 Dec 2023 12:42:39 +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 FCA opens consultation on Overseas Funds Regime <img alt="FCA opens consultation on Overseas Funds Regime" src="https://www.investmentweek.co.uk/api/v1/wps/bf16f27/b45b48b4-b445-4ef4-85be-6ba13291aa90/10/fca-2018-asset-management-2-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has opened its consultation into the Overseas Funds Regime, which will streamline the marketing of non-UK domiciled funds to UK retail investors. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/bf16f27/b45b48b4-b445-4ef4-85be-6ba13291aa90/10/fca-2018-asset-management-2-185x114.jpg https://www.investmentweek.co.uk/news/4152605/fca-consultation-overseas-funds-regime https://www.investmentweek.co.uk/news/4152605/fca-consultation-overseas-funds-regime https://www.investmentweek.co.uk/news/4152605/fca-consultation-overseas-funds-regime Mon, 4 Dec 2023 11:42:45 +0000 Central Bank of Ireland imposes its first ever fine on an investment fund <img alt="Central Bank of Ireland imposes its first ever fine on an investment fund " src="https://www.investmentweek.co.uk/api/v1/wps/b8fb64b/fae94231-ea4d-485e-a1ad-80bcc44bfae2/14/central-bank-ireland-185x114.jpg" /> <p><!--summary start--> The Central Bank of Ireland has imposed its first ever monetary penalty on an investment fund with a fine of €192,500 on GlobalReach Multi-Strategy ICAV for breach of a reporting obligation. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/b8fb64b/fae94231-ea4d-485e-a1ad-80bcc44bfae2/14/central-bank-ireland-185x114.jpg https://www.investmentweek.co.uk/news/4152271/central-bank-ireland-imposes-fine-investment-fund https://www.investmentweek.co.uk/news/4152271/central-bank-ireland-imposes-fine-investment-fund https://www.investmentweek.co.uk/news/4152271/central-bank-ireland-imposes-fine-investment-fund Fri, 1 Dec 2023 08:57:21 +0000 Divergence in Consumer Duty application could push asset managers out of UK retail market <img alt="Divergence in Consumer Duty application could push asset managers out of UK retail market" src="https://www.investmentweek.co.uk/api/v1/wps/cf44bdc/41276217-9e03-4694-bb9c-7e88ed9a8e60/42/exit-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority’s Consumer Duty could risk forcing asset management firms to pull UK retail products. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/cf44bdc/41276217-9e03-4694-bb9c-7e88ed9a8e60/42/exit-185x114.jpg https://www.investmentweek.co.uk/analysis/4144774/divergence-consumer-duty-application-push-asset-managers-uk-retail-market https://www.investmentweek.co.uk/analysis/4144774/divergence-consumer-duty-application-push-asset-managers-uk-retail-market https://www.investmentweek.co.uk/analysis/4144774/divergence-consumer-duty-application-push-asset-managers-uk-retail-market Thu, 30 Nov 2023 11:30:55 +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 Odey AM applies to cancel FCA authorisation <img alt="Odey AM applies to cancel FCA authorisation" src="https://www.investmentweek.co.uk/api/v1/wps/808c5e6/ab9f1e1d-816c-4eac-8d52-27d276e38148/9/Consultation-docments-185x114.jpg" /> <p><!--summary start--> Odey Asset Management has made an application to the Financial Conduct Authority to cancel its authorised status. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/808c5e6/ab9f1e1d-816c-4eac-8d52-27d276e38148/9/Consultation-docments-185x114.jpg https://www.investmentweek.co.uk/news/4151337/odey-applies-cancel-fca-authorisation https://www.investmentweek.co.uk/news/4151337/odey-applies-cancel-fca-authorisation https://www.investmentweek.co.uk/news/4151337/odey-applies-cancel-fca-authorisation Wed, 29 Nov 2023 11:10:52 +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 FCA 'closes loopholes' with introduction of fourth label under SDR but further clarification needed <img alt="FCA &#39;closes loopholes&#39; with introduction of fourth label under SDR but further clarification needed" src="https://www.investmentweek.co.uk/api/v1/wps/775401d/9a4823ac-f84e-4806-aaa5-78cf6c551057/10/fca-reception-1-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority’s final rules for the Sustainability Disclosure Requirements have been deemed the “most significant single piece of UK sustainable finance regulation to date”, despite delays, but questions remain. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/775401d/9a4823ac-f84e-4806-aaa5-78cf6c551057/10/fca-reception-1-185x114.jpg https://www.investmentweek.co.uk/news/4151109/fca-closes-loopholes-introduction-fourth-label-sdr-clarification https://www.investmentweek.co.uk/news/4151109/fca-closes-loopholes-introduction-fourth-label-sdr-clarification https://www.investmentweek.co.uk/news/4151109/fca-closes-loopholes-introduction-fourth-label-sdr-clarification Tue, 28 Nov 2023 15:32:15 +0000 FCA unveils final SDR rules including fourth 'Mixed Goals' label for 'blended strategies' <img alt="FCA unveils final SDR rules including fourth &#39;Mixed Goals&#39; label for &#39;blended strategies&#39;" src="https://www.investmentweek.co.uk/api/v1/wps/7f0b3ee/15540ab5-657e-45e8-aa68-8e12dc3b62d4/18/fca-2018-regulation-3-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has introduced an additional label under its Sustainability Disclosure Requirements and investment labels regime called ‘Sustainability Mixed Goals’, it revealed in its final policy statement today (28 November). <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/7f0b3ee/15540ab5-657e-45e8-aa68-8e12dc3b62d4/18/fca-2018-regulation-3-185x114.jpg https://www.investmentweek.co.uk/news/4151022/fca-unveils-final-sdr-rules-fourth-mixed-goals-label-blended-strategies https://www.investmentweek.co.uk/news/4151022/fca-unveils-final-sdr-rules-fourth-mixed-goals-label-blended-strategies https://www.investmentweek.co.uk/news/4151022/fca-unveils-final-sdr-rules-fourth-mixed-goals-label-blended-strategies Tue, 28 Nov 2023 14:00:03 +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 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 Vanguard accused of breaching UK asset concentration limits - reports <img alt="Vanguard accused of breaching UK asset concentration limits - reports" src="https://www.investmentweek.co.uk/api/v1/wps/b0af4ad/15733bb2-9199-4329-baa8-5bd3394d760c/11/1609-commercial-property-city-of-london-019-185x114.jpg" /> <p><!--summary start--> Vanguard Group has received criticism over its potential breach of UK rules on asset concentration. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/b0af4ad/15733bb2-9199-4329-baa8-5bd3394d760c/11/1609-commercial-property-city-of-london-019-185x114.jpg https://www.investmentweek.co.uk/news/4137413/vanguard-accused-breaching-uk-asset-concentration-limits-reports https://www.investmentweek.co.uk/news/4137413/vanguard-accused-breaching-uk-asset-concentration-limits-reports https://www.investmentweek.co.uk/news/4137413/vanguard-accused-breaching-uk-asset-concentration-limits-reports Mon, 23 Oct 2023 13:48:10 +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 Should boutique asset managers care about corporate PR? <img alt="Should boutique asset managers care about corporate PR? " src="https://www.investmentweek.co.uk/api/v1/wps/d76d878/3b96cda8-5659-4bcc-b8fc-344423134649/20/Henry-Adefope-185x114.jpg" /> <p><!--summary start--> The retail asset management sector is looking like the Hunger Games movie plotline. How can ambitious managers survive the purge? <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/d76d878/3b96cda8-5659-4bcc-b8fc-344423134649/20/Henry-Adefope-185x114.jpg https://www.investmentweek.co.uk/opinion/4134922/boutique-asset-managers-care-about-corporate https://www.investmentweek.co.uk/opinion/4134922/boutique-asset-managers-care-about-corporate https://www.investmentweek.co.uk/opinion/4134922/boutique-asset-managers-care-about-corporate Tue, 17 Oct 2023 09:16:17 +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 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 US SEC unveils ESG labelling rules for mutual funds <img alt="US SEC unveils ESG labelling rules for mutual funds" src="https://www.investmentweek.co.uk/api/v1/wps/8f82b16/b95f3164-40f5-4038-afcb-379928cd250d/10/greenwashing-alert-generic-2021-1-185x114.jpg" /> <p><!--summary start--> The US Securities and Exchange Commission has published enhanced rules to clamp down on the misleading labelling of ESG funds. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/8f82b16/b95f3164-40f5-4038-afcb-379928cd250d/10/greenwashing-alert-generic-2021-1-185x114.jpg https://www.investmentweek.co.uk/news/4127218/us-sec-unveils-esg-labelling-rules-mutual-funds https://www.investmentweek.co.uk/news/4127218/us-sec-unveils-esg-labelling-rules-mutual-funds https://www.investmentweek.co.uk/news/4127218/us-sec-unveils-esg-labelling-rules-mutual-funds Thu, 21 Sep 2023 07:26:55 +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