Tax & Regulation | 26 May 15
Scrap RDR, follow MiFID II on independence – WMA
The Retail Distribution Review has failed to meet its objective of clarity of service, the Wealth Management Association said, leading to widespread misunderstanding and use of the ‘independent’ and ‘restricted’ labels.
Tax & Regulation | 26 May 15
FCA plans to fine Keydata’s Ford £75m
The Financial Conduct Authority has decided to fine Stewart Ford, a former director and chief executive of Keydata Investment Services, £75m for failing to act with integrity and misleading the regulator.
United Kingdom | 26 May 15
PFS calls for crackdown on ‘worrying’ unregulated activity
The Personal Finance Society has demanded stricter controls on non-regulated savings and investments to prevent “scammers” from taking advantage of UK consumers.
United Kingdom | 26 May 15
Specialist credit key to low volatility – GAM’s Matthew Lamb
Specialist credit investments with a low sensitivity to interest rate moves is key to matching longevity with low volatility, argues Matthew Lamb, head of institutional and fund distribution (UK and Middle East) at GAM.
Retirement | 26 May 15
DeVere boss further reduces stake in QROPS specialist STM
DeVere’s chief executive has continued the sale of his shares in QROPS provider STM, reducing his stake to just 6.7% from the 24% he purchased in 2012.