Somerset Capital has admitted a new dilution levy on its funds has proved 'contentious' despite being in keeping with an industry-wide drive to cost transparency.
The Financial Conduct Authority (FCA) has fined a former senior J.P. Morgan banker £450,000 after he disclosed inside information to contacts.
Property fund managers are assessing ways to mitigate the potential impact of soaring inflows as the sector becomes increasingly popular with investors.
FCA dealing commission reform 'could hit industry profitability'
The prospect of a 'regulatory dividend' for advisory firms - proposed by the Association of Professional Financial Advisers (APFA) - has been all but ruled out by the Financial Conduct Authority (FCA).
Financial Services Compensation Scheme (FSCS) chief executive Mark Neale has said next year the service hopes to be able to publish a full account of what it has clawed back from firms who mis-sold Keydata products.
The Financial Conduct Authority (FCA) is attempting to broker a redress deal for investors in the failed Connaught Series 1 fund.
The Financial Conduct Authority (FCA) has defended the Financial Ombudsman Service (FOS) from allegations of inconsistent case verdicts.