Why we dodged the fund pricing shakedown
The Financial Conduct Authority (FCA) spent £3.3m on overseeing the Retail Distribution Review (RDR) last year, according to its annual accounts, a 37.5% increase on the cost of the rule change before implementation.
The Investment Management Association (IMA) is struggling to find a "perfect" solution to calculating fund performance following the shift to clean pricing, and may have to devise a completely new approach.
The Financial Conduct Authority (FCA) has published a guide revealing how it will measure advisers' disclosure efforts against its expectations, after it detected "unacceptable" shortcomings in its latest post-Retail Distribution Review (RDR) work.
Mirabaud Asset Management has launched a Global Equity High Income fund for new recruit Kirill Pyshkin.
More private equity firms are looking at buying up wealth managers as a coming savings shake-up boosts the sector's appeal, according to Ashcourt Rowan CEO Jonathan Polin.
The FCA has said it will not issue further guidance on inducements, despite growing calls to do so from fund groups.