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News

Regulation

FCA apologises for 'seriously inadequate' behaviour found in Davis review

The Financial Conduct Authority (FCA) has apologised for the shortcomings in its handling of a media briefing ahead of the publication of its latest business plan, saying it accepted the criticisms and would implement changes to "sharpen its focus".

clock 10 December 2014 •

Wrap/platforms

Aegon to launch guaranteed drawdown product on retirement platform

Provider Aegon is to launch a drawdown product with combined access to unit-linked guarantees to capitalise on pension freedoms.

clock 10 December 2014 •

Regulation

FCA media blunder: Staff warned regulator not to brief journalist

A strategy by the Financial Conduct Authority (FCA) to leak details of one of its upcoming projects to a national newspaper - a decision which sparked huge falls in the share prices of several major life companies - was "high risk" and inadequate, according...

clock 10 December 2014 •

Managed solutions

Model portfolios deter advisers from investment trusts - Ascentric

Ascentric's managing director, Hugo Thorman, has argued advisers' use of model portfolios is hindering the popularity of investment trusts.

clock 10 December 2014 •

Income

FSCS and Standard Life thrash out SIPP tax deal over ARM recoveries

The Financial Services Compensation Scheme (FSCS) and self-invested personal pension (SIPP) provider Standard Life have worked out a deal with the taxman over the tax status of recoveries related to ARM Asset Backed Securities.

clock 10 December 2014 •

Equities

Woodford IM appoints head of ops as two senior executives exit

Woodford Investment Management has brought in a new head of operations after the departure of two senior executives less than a year after the business launched.

clock 10 December 2014 •

Regulation

Sharpened FCA structure will root out poor practice more efficiently - Bovill

Small firms engaging in poor practice stand a better chance of getting caught by the Financial Conduct Authority (FCA) under the new regulatory framework as the regulator has shifted its focus on its thematic work, according to a consultancy.

clock 10 December 2014 •

Investment

Former F&C retail head John Yule joins T. Rowe Price

T. Rowe Price has appointed the former head of UK retail at F&C, John Yule, as head of intermediary relationship management, UK and Ireland.

clock 09 December 2014 •

Bonds

Government bonds could break through 'crazy' record lows in 2015

A fresh flight to safety will ensure government bond yields break through "crazy" record lows again in 2015, Brandywine bond manager Regina Borromeo has said.

clock 09 December 2014 •

Regulation

FCA senior bonuses to be cancelled after insurance investigation

Members of the executive committee at the Financial Conduct Authority (FCA) stand to lose their bonuses over the blunder that caused a collapse in prices of large insurance companies, according to reports.

clock 09 December 2014 •
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