FCA
Best Practice | 9 Dec 16
FCA sets deadline to end closed life book ‘poor practice’
A tighter framework for closed books of life and pensions business has been unveiled by the UK’s Financial Conduct Authority (FCA) after uncovering poor practices in parts of the industry.
UK and Hong Kong regulators agree fintech cooperation
The Hong Kong Monetary Authority (HKMA) and the UK’s Financial Conduct Authority (FCA) are to “foster collaboration between the two regulatory authorities in promoting financial innovation”.
United Kingdom | 5 Dec 16
Third of over 75s in the UK targeted by investment fraudsters
The UK’s Financial Conduct Authority (FCA) is urging people aged over 55 to make sure that all investment ‘opportunities’ are legitimate before they part with their money as new data from the watchdog victims of investment fraud lost £32,000 (€38,180, $40,732) on average every year.
Best Practice | 25 Nov 16
Muted response to FCA plans on shopping around for annuities
Proposals from the UK’s Financial Conduct Authority (FCA) that would require annuity providers to tell customers what they could gain by shopping around and switching have been met with muted enthusiasm.
Macro Views | 21 Nov 16
It is time for active managers to leave benchmarks behind
Benchmarks are a vital part of the asset management sector. Funds are measured against them, bonuses worked out in relation to them and entire sectors of the industry predicated upon them. But, if recent trends are extrapolated outwards, the days of the benchmark in its current form should be numbered.