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.
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).
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…
The FCA has published final rules banning the sale of derivatives and exchange traded notes (ETNs) that reference certain types of cryptoassets to retail consumers.
PIMFA urges Regulator to work more closely with industry to rebuild levels of trust in fair FSCS outcomes
Nearly two-thirds (64 per cent) of financial advice business owners and wealth management chief executives do not trust the Financial Services Compensation Scheme (FSCS) to deliver fair outcomes for consumers or their firms, a survey of PIMFA members has revealed.