FCA
Fears of rising depositary fees follow Ucits V introduction
The introduction of a new law governing Ucits could lead to an increase in fees charged by depositary banks responsible for holding the funds, industry experts have warned.
Phoenix swoops in on Abbey Life
Closed book pension provider Phoenix Group is reportedly making a move on Deutsche Bank’s UK insurance unit, Abbey Life.
United Kingdom | 16 Mar 16
Ex-Schroders trader pleads guilty to insider dealing
Former Schroders equities trader Damian Clarke has pleaded guilty to nine counts of insider trading and will be sentenced on 13 June.
Tax & Regulation | 14 Mar 16
Return to commission in UK ‘ruled out’ by FAMR report
In further industry reaction, a number of key players in financial services have reacted positively to the FAMR report’s positioning in favour of a fee-based only RDR regime, with no re-introduction of commission as remuneration for financial advisers.
Tax & Regulation | 14 Mar 16
FAMR call for early pension access and advice definition change
The Financial Conduct Authority is calling for early access to pension pots to pay for advice costs, in its final report on the Financial Advice Market Review (FAMR) published today.