PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, consumer rights group Which?, UK Finance, the Financial Services Compensation Scheme (FSCS) and the Chair of the Work and Pensions Select Committee, the Rt Hon Stephen Timms MP, alongside Money Saving Expert Martin Lewis and the Money and Mental Health Institute, have all called for online scams to be included in the Government’s forthcoming Online Safety Bill.

PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, has welcomed the recommendations made by Lord Hill in the UK Listing Review designed to improve access for retail investors.

PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, is calling on the Government to take the opportunity offered by the completion of Brexit to reshape the regulatory environment for financial services in the UK.

Quilter is supporting the Pensions Regulator’s campaign to tackle pension scams by pledging to adopt the stringent standards required to reduce the risk of members falling victim to scammers.

The FCA opened 52 investigations into cryptocurrency businesses in the last year, says RPC, the City-headquartered law firm. However, the law firm says that this is likely to be just the tip of the iceberg in terms of cryptocurrency related activity that breaches regulatory rules or is illegal.

Attempts to defraud savers through online scams grew in January, evidence collected by PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, has revealed. 

New analysis by the CFA Society of the UK (CFA UK) reveals that many reports on fund value do not meet the spirit of the FCA requirements.

PIMFA, the trade association for the wealth management and financial advice industry, believes that the FSCS compensation forecast of GBP1 billion would be considered a 'national scandal' in any other industry, and that reform is urgently needed.

PIMFA, the trade association for the wealth management and financial advice industry, is calling on the UK Government and Financial Conduct Authority (FCA) to urgently reform the supervision of financial advice and consumer compensation through the Financial Services Compensation Scheme (FSCS).

By Matthew Chapman (pictured), Director, ACA Compliance Group – Geopolitical change and uncertainty, regulatory sabre-rattling and industry shake-ups have combined to create a perfect storm for many financial services firms when it comes to their trade and transaction reporting obligations under MiFIR, EMIR and SFTR.