The UK’s lead trade association representing wealth managers and financial advisers has flagged a myriad of issues with the watchdog’s Consumer Composite Investments (CCI) regime on the final day for industry feedback.
The Financial Conduct Authority first opened for dialogue on CCI reform in December last year and then engaged in a second round of engagement earlier this year. FCA confirms late 2025 deadline for final CCI ruling as it brings out second consultation So far, the whole regime proposal has faced widespread criticism from the UK closed-ended space, with most unified that the CCI plans put forward were not fit for purpose. PIMFA has now joined the plea and, responding to the FCA's second paper, said that while it "strongly supports the FCA's intention to improve consumer outcomes and ...
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