The WMA has called on the FCA to investigate the fact that one third of compensation scheme pays out for firms which never paid in.
The Financial Services Compensation Scheme has reduced the 2014/15 annual levy by £37 million – except for private client managers and financial advisers
Thurleigh founder Charles MacKinnon said there was no ‘burning building’, with the deal motivated bya three to five-year view on regulation.
The Financial Conduct Authority (FCA) has won a High Court case against a land banking firm which it said sets a precedent that means land bank funds must be authorised collective investment schemes.
A study by Pershing reveals that wealthy clients understand the outcomes of the RDR but view advice as more expensive since the regulation was introduced.
It's been a busy start to the year, marked by some significant developments in the industry. Here, we highlight the biggest deals so far, from the suspected to the surprising.
Senior executives have attributed damning Financial Conduct Authority (FCA) findings that wealth managers are not fully disclosing their charges or restricted status to a lack of guidance from the regulator and trade bodies.
The Wealth Management Association claims 'common sense prevailed' as the European Parliament is set to adopt changes to its comprehensive regulation on investment products.
Wealth managers have warned that earnings in their own sector could be subjected to downwards pressure this year as fee competition bites.
What impact will a new breed of wealth management business, the super-boutique, have on the industry?
Members of the CFA Society of the UK say they are finding it harder to meet its code of ethics and standards
George Osborne estimates a third of savers are expected to take their money out of pensions under liberalisation.
The chief executive officer of Brooks Macdonald has welcomed the FCA's decision to launch a probe into how wealth managers use in-house funds.
The Wealth Management Association has condemned the regulator's business plan, saying it fails to address the 'urgent' issue of fairness in the compensation scheme.
On Citywire today
Robert Jukes, global strategist at Canaccord Genuity Wealth Management offers an insight into his investment thinking and outlines the potential impact of the rise of crypto-currencies.