The UK’s Financial Conduct Authority has set out plans to tackle unsuitable advice given to those considering transferring out of a defined benefit pension scheme.
Legal & Regulation
Businesswoman, campaigner and philanthropist Gina Miller is aunching a new initiative, www.messagesoflove.co.uk, to provide the British public with a simple, safe and secure way of leaving private messages for loved ones during uncertain times due to the Covid-19 pandemic.
EFAMA, a body representing the European investment management industry, has called the current regulation on investment products for retail investors “fundamentally flawed”, saying it provides investors with “misleading information”.
Carey Olsen Bermuda partner Keith Robinson has been elected as a Fellow of the American College of Trust and Estate Counsel (ACTEC).
Premier Capital Advisors, a wealth advisory and investment management firm serving clients throughout Latin America and the Caribbean, has surpassed the threshold in assets under management to be (classified) as a large advisory firm and is now registered with the US Securities and Exchange Commission (SEC).
One of the largest auto-enrolment pension providers in the UK has warned that millions of people saving for retirement through auto-enrolment will continue to pay a disproportionate share of the rising costs of pensions regulation unless the General Levy is reformed.
PIMFA, the trade association for the investment services and financial advice industry, has published a paper on the future of supervision entitled 'FCA Supervision – fit for purpose?'
Treasury Select Committee to scrutinise Andrew Bailey’s suitability for the role of Governor of the Bank of England
Gina Miller of True and Fair has responded to the decision of the House of Commons Treasury Select Committee to question Andrew Bailey on 4 March 2020 about his suitability for the role of Governor of the Bank of England.
True & Fair Campaign publishes damning report of regulatory failure in the UK financial services industry
The True & Fair Campaign, led by co-founders Gina and Alan Miller, has published its latest report, Asleep at the wheel, an expose of systemic regulatory failure and consumer detriment in the UK financial services sector.
Wealth management firms face significant challenges when trying to keep pace with both technology development and regulation, explains Brett Williams, Managing Director, UK Private Banking at SEI.