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PIMFA calls for new FCA Consumer Duty to be accompanied with clarity for firms

PIMFA calls for new FCA Consumer Duty to be accompanied with clarity for firms

PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, has welcomed the introduction of a new Consumer Duty by the Financial Conduct Authority (FCA) but says that the new duty must be accompanied with greater clarity over any new regulatory expectations placed on firms and a reasonable assessment of firms’ ability to discharge their obligations under the duty.

In My Opinion

Increasing rates lift value over growth – but only if they rise fast enough

Increasing rates lift value over growth – but only if they rise fast enough

Damian Handzy, Head of Research & Applied Analytics at Investment Metrics, comments that with global anticipation that central banks are likely to increase short-term rates and with the spectre of inflationary pressure on longer-term rates, can we expect Value to come up top and Growth to lose out? Not necessarily, he says. He and his team examined stock returns during several historical periods of rate increases in the US and UK to see what might happen this time around.

ESG survey

Covid-19 boosts investors’ interest in the ‘S’ of ESG according to Berenberg WAM survey

Covid-19 boosts investors’ interest in the ‘S’ of ESG according to Berenberg WAM survey

A survey of members of the European investment community, including asset managers and private investors, on attitudes to ESG/impact-related topics and the UN Sustainable Development Goals (SDGs), conducted by Berenberg WAM, the Wealth and Asset Management arm of Berenberg private bank, has revealed that the Covid-19 pandemic has increased the significance of the social aspects of ESG for investors.