Search ResultsShowing 1 - 10 of 48 results for "FCA"
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
... 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, carried ...
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
... 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 on to clients. ...
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 ...
YouTube fundie woes continue
ELIZABETH MCARTHUR  |  WEDNESDAY, 19 JUN 2019
The UK's Financial Conduct Authority (FCA) has opened an investigation into the events surrounding the suspension of the Woodford Equity Income Fund, with Link Group now caught in the scandal. Earlier this month, star UK fund manager Neil Woodford took ...
FCA stokes intergenerational wealth debate
HARRISON WORLEY  |  THURSDAY, 23 MAY 2019
... demographics. The discussion paper poses a series of questions designed to engender a nationwide conversation on how the FCA and the financial services industry should meet consumers' changing needs. The FCA said it recognises the way people build and ...
Crypto scams bite UK
HARRISON WORLEY  |  TUESDAY, 21 MAY 2019
... "bogus" online trading platforms, after the nation lost £27 million to crypto and forex scams so far in FY18/19. The FCA said crypto and forex scam reports more than tripled in the last year, clearing 1800. According to the UK's national fraud ...
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