Tax & Regulation
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.
Tax & Regulation | 21 May 15
Advisers are the RDR winners, says Brooks Macdonald Int’l
Financial advisers are the real winners in the wake of the UK’s Retail Distribution Review, according to Brooks Macdonald International’s Darren Zaman.
Alternatives | 21 May 15
AIFMD burden hurting European investment, says tax panel
Some fund managers are passing up European investment opportunities in a bid to steer clear of the compliance demands required to meet the Alternative Investment Fund Managers Directive (AIFMD), according to a panel of tax experts at the recent Guernsey Funds Forum.
Tax & Regulation | 21 May 15
Advisers adapting well to a post-RDR world
Adaptation to the RDR is having a discernible impact on profitability in the adviser community, with almost two-thirds of businesses saying they are more profitable than in 2013.