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Showing 1 - 10 of 204 results for %22Financial Markets Conduct Act%22

Financial Conduct Authority cracks down on finfluencers, firms

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
The UK's Financial Conduct Authority (FCA) is cracking down on finfluencers as more financial services firms turn to social media to promote products and services. The financial services regulator is aiming to get on top of firms that illegally promote ...

UK advisers told to review retirement advice processes

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
Financial advisers in the UK are being asked to examine their processes when providing retirement income advice, following a thematic review that found some "are not even getting the basics right." The Financial Conduct Authority (FCA) undertook the ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
Following a brief reprieve, the number of class actions targeting the financial services sector escalated significantly in 2023. According to a report from Allens, the banking and financial services sector was the second biggest target for class actions ...

Class action filed against IC Markets

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... of CFDs to retail investors, leading investors to suffer losses or damages by acquiring highly risky and unsuitable financial products. The action is being funded by Woodsford, which is also backing a similar class action against IG Markets. "ASIC has ...

FCA mulls capital requirements for firms giving bad advice

ANDREW MCKEAN  |  THURSDAY, 30 NOV 2023
The UK's Financial Conduct Authority (FCA) has proposed mandating personal investment firms, commonly known as investment advisers, to pre-emptively calculate and secure sufficient capital for potential redress liabilities. The financial regulator is ...

Aussie investors optimistic about returns

CHLOE WALKER  |  FRIDAY, 17 NOV 2023
... The report highlighted that Australian investors believe they can easily access private asset markets through their financial advisers, but identified barriers such as illiquidity, transparency issues, and inexperience. In addition, the study revealed ...

APAC looks to data-driven future: State Street

CHLOE WALKER  |  WEDNESDAY, 15 NOV 2023
... lot of energy and drive around data-driven innovation in APAC," State Street country head Australia Tim Helyar told Financial Standard. "When new things come along in the region there are a lot of innovative minds and institutions that are pushing hard ...

Praemium partners for adviser insights

CHLOE WALKER  |  TUESDAY, 14 NOV 2023
... officer Denis Orrock said: "We are excited to join forces with CoreData, a recognised research and consultancy leader in financial services." "This strategic partnership is a testament to our commitment to support the advice industry. By combining our ...

Platform fees, poor resourcing a red flag for regulator

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... the regulator, flagging concerns around poor disclosure of fees and under-investment in technology. In the letter, the Financial Conduct Authority's director of consumer investments Lucy Castledine outlined "key harms" to consumers the regulator has ...

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... with their needs and the design and distribution obligations are being met." In response, an eToro spokesperson told Financial Standard: "eToro AUS is considering the allegations filed by ASIC in these proceedings and will respond accordingly. There ...
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