Industry commentators have warned the Financial Conduct Authority's (FCA) requirements for all UK open-ended funds to have at least two or 25% of independent non-executive directors (iNEDs) on their boards will not "transform the industry" and does not go far enough.
With exactly six months left for fund groups to implement the rule, which was one of the many 'remedies' outlined last April by the FCA following its Asset Management Market Study in 2017 and was included...
Proceeds being returned to investors
Uncertainty set to remain
A look at the companies disrupting sectors
Perhaps surprisingly, Europe was the second best-performing regional stockmarket in the world in the first half of 2019.