FCA

Keeping one step ahead of the regulator...

Financial Conduct Authority (FCA) technical specialist Rory Percival today warned advisers they may be "flipping a coin" as to the suitability of their recommendations if they fail to personalise advice when using centralised investment propositions (CIPs)....

Proposals that will see fund managers break down profits and losses in pounds and pence figures for the first time have been approved by the Financial Reporting Council.

The Financial Conduct Authority (FCA) has issued a warning notice to a director of an appointed representative (AR) firm for promoting and arranging unregulated collective investment schemes (UCIS) despite its network not allowing UCIS business.

In this week's Retirement Planner news round-up we highlight five key stories you might have missed over the past seven days.

The story of the thumb-sucker: Is the FCA using supervisory shock tactics?

The Investment Management Association (IMA) has called on members to "abandon" using annual management charges on any literature following the regulator's guidance on fund charges.

The Financial Conduct Authority (FCA) has urged asset managers to move away from using the annual management charge (AMC) as their headline cost, instead pushing for a focus on the ongoing charges figure (OCF).

What the supervision shift means for your firm

Lawyers representing Arch Financial Products (AFP) chief executive Robin Farrell and former compliance manager Robert Addison have cited the pair's possible inexperience in running a fast-growing organisation - not a lack of integrity - for some of the...