FCA
UK regulator netted £224m from enforcement action
Sum is slight decline compared to the previous financial year
SJP and Columbia Threadneedle race to re-open property funds
As rival firms keep theirs closed for now, despite using the same independent valuer
FCA under fire over ‘scandalous’ self-review
Watchdog’s compensation proposals are ‘intellectually dishonest and morally questionable’
Advisers have no ‘risk appetite’ to carry out DB transfers
With nearly half considering leaving the space within a year