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Showing 61 - 70 of 117 results for "FCA"

YouTube fundie name erased from flagship

ELIZABETH MCARTHUR | TUESDAY, 17 DEC 2019

... sample (or vertical slice) of those assets or the time period needed for a sale which avoids a material price discount," the FCA said. "In the US, the Securities and Exchange Commission has recently adopted measures of liquidity based on this concept." ...

Chief executive banned for paying wife

ELIZABETH MCARTHUR | TUESDAY, 19 NOV 2019

... the remuneration committee had agreed to his wife's payment increases. But in fact, it had only agreed to his salary. The FCA explained what followed: "In late 2015, after internal concerns were raised about Mrs Forsyth's remuneration, Mr Forsyth inappropriately ...

Pensioners lose decades of savings in 24 hours

ELIZABETH MCARTHUR | THURSDAY, 14 NOV 2019

... victims of pension scams lost in 2018. It would take an ordinary working saver 22 years to amass that amount, according to the FCA. Despite the significant cost of scams, 24% of people surveyed admitted to deciding on a pension offer within less than ...

YouTube fundie ousted, flagship fund to be wound up

ELIZABETH MCARTHUR | WEDNESDAY, 16 OCT 2019

... possible. This will be done by means of a number of capital distributions made to all investors in the fund," it said. The FCA continues to investigate the activities that led to the fund's suspension.

Broker fined for lavish entertainment

ELIZABETH MCARTHUR | MONDAY, 14 OCT 2019

... Authority in the UK has fined Tullett Prebon £15.4 million, citing "lavish entertainment" and lack of effective controls. The FCA said Tullett Prebon, an inter-dealer broker which acts for institutional clients transacting in the wholesale markets ...

UK insurer fined for annuity sales failings

ELIZA BAVIN | TUESDAY, 1 OCT 2019

... sales of non-advised annuities that occurred between July 2008 and September 2017 to existing Prudential pension holders. FCA's executive director of enforcement and market oversight Mark Steward said: "These are very serious breaches that caused harm ...

Research budgets shrink at UK asset managers

KANIKA SOOD | FRIDAY, 20 SEP 2019

... UK-managed equities funds in the first six months of 2018 after MiFID II forced them to reconsider their research arrangements. The FCA said the reforms have forced portfolio managers to fund research out of their own revenues instead of passing them ...

Standard Life Assurance fined for hawking non-advised annuities

KARREN VERGARA | WEDNESDAY, 24 JUL 2019

... get financial advice. Nearly 22% of sales staff received more than 100% of their base salary in bonus payments, leading the FCA to believe call handlers would place their own financial interests ahead of the customer. The firm failed to provide some ...

Pendal Group appoints international business lead

ELIZABETH MCARTHUR | TUESDAY, 23 JUL 2019

... Executive Committee. The appointment will be effective 9 September 2019 and, as she will be based in London, is subject to FCA regulatory approval in the UK.

YouTube fundie called out by FCA

ELIZABETH MCARTHUR | FRIDAY, 19 JUL 2019

... Neil Woodford to take to YouTube to explain the liquidity issues and apologise to investors - whose money was trapped. Now, FCA chief executive Andrew Bailey has commented on Woodford's actions. In a speech at the FCA's annual public meeting, Bailey ...

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Australian Unity to shed 195 roles

MATTHEW WAI | 12:42PM

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI | 12:34PM

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI | 12:17PM

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA | 12:29PM

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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