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FCA

FCA sets deadline to end closed life book ‘poor practice’

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

Asia | 8 Dec 16

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”.

Third of over 75s in the UK targeted by investment fraudsters

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.

Muted response to FCA plans on shopping around for annuities

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.

It is time for active managers to leave benchmarks behind

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.

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.