APCIMS

What does the future hold for the wealth management industry?

The Association of Private Client Investment Managers and Stockbrokers (APCIMS) is planning to rebrand as the Wealth Management Association to better reflect its membership.

The Financial Conduct Authority (FCA) is set to examine wealth managers' and private banks' business models as it establishes a new division to scrutinise the sector.

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Industry trade bodies have criticised proposed changes to the Financial Services Compensation Scheme (FSCS) sourcebook, with the IMA calling for a "complete overhaul" of the scheme.

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