United Kingdom
UK regulator admits adequacy of advice still a concern
Number of people investing up but risk of ‘poor value’ services still high
Click through the slides below to see the key concerns flagged up by the Financial Conduct Authority.
Under a third of UK wealth managers say clients fear cybercrime
However ‘threat of breaches is increasingly being discussed at a board level’ at wealth firms
Regulator warns CEOs about unfair and misleading marketing
UK watchdog sent a letter after concerns about potential ‘unlawful’ promotion of financial products
Hargreaves ups DIY investor appeal with streamlined fund list
But platforms need to offer enough choice or investors could misconstrue buy lists as advice, says Fundscape CEO
Extension of article 50 is worst case for Brexit, says JP Morgan AM
Delay ‘comes with a cost’ as lack of investment and uncertainty will linger, but the firm says no-deal is not on the table