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.
Legal & Regulation
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.
By Jeffrey Kirk and Simon Gray – Ever innovative and commercially minded, the British Virgin Islands (BVI) has recently introduced a new regulatory regime for private equity, venture capital and other closed-ended funds – adding to its already well established, cost effective and popular stable of incubator funds and approved funds.
More than three quarters of UK adults who have a pension think pension companies should have powers to help prevent fraud
Nearly eight out of ten (78 per cent) retirement savers agree that pension providers should be able to stop a pension transfer if fraud is suspected, a new survey has revealed.
PIMFA, the trade association for the wealth management and financial advice industry, has called on the Government to tighten the rules around the promotion of unregulated financial products.
The Financial Conduct Authority’s (FCA) recent decision to ban the sale of derivatives and exchange traded notes (ETNs) linked to cryptoassets to retail customers is a huge setback for the UK in maintaining its dominant position as a global fintech hub. The FCA’s decision has left many in the cryptoasset sector questioning the regulator’s willingness to collaborate with them and listen to the views of key market participants.
Oliver Wooley, CEO of Envestors, an early-stage digital investment platform, explains why accelerators, incubators, and networks matching investors and startups need to be regulated…