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News

Regulation

FCA fines Lloyds record £28m over sales incentives failings

The Financial Conduct Authority (FCA) has fined Lloyds Banking Group a record £28m "for serious failings" relating to its sales incentives.

clock 11 December 2013 •

Regulation

Lords warn against 'detrimental Robin Hood tax' proposals

Proposals for a financial transaction tax are ‘significantly detrimental to the UK's interest', according to a Lords committee.

clock 11 December 2013 •

RDR

AFH buys Michael Mac Wealth Management

AFH Financial Group has acquired Michael Mac Wealth Management in its nineteenth deal since 2011.

clock 11 December 2013 •

Economics / Markets

Anthony Bolton: 'A Western-style banking crisis in China is extremely unlikely'

Veteran UK fund manager Anthony Bolton believes that the chance of a Western-style banking crisis in China is "extremely remote".

clock 11 December 2013 •

Regulation

APFA: Clarity needed on consumer credit licences

The Association of Professional Financial Advisers (APFA) has called for clear guidance from the Financial Conduct Authority (FCA) on what it considers to be consumer credit activity and for which activities advisers need to have a licence.

clock 11 December 2013 •

Regulation

Lloyds' £28m bill tops fine-happy year for regulators

Fines levied by the regulator against the financial services industry soared by almost 50% this year, as the tougher stance of the new Financial Conduct Authority (FCA) left its mark.

clock 11 December 2013 •

Investment

Stephanie Flanders on 2014: It will not be stellar but it will be better

Former BBC economics editor and now J.P. Morgan Asset Management's chief market strategist for the UK and Europe Stephanie Flanders give her run down of what investors can expect in the year ahead.

clock 10 December 2013 •

Managed solutions

Multi-asset funds: Who is winning the battle for investors' money?

Hundreds of multi-asset funds are failing to gain traction among investors despite a concerted push into the space by asset managers, analysis by IFAonline's sister title Investment Week shows.

clock 10 December 2013 • 2 min read

Regulation

Defaqto: 120% GAD rate not fit for permanent use

Defaqto has warned that advisers relying on the 120% capped drawdown limit could be jeopardising their clients' safe retirement.

clock 10 December 2013 •

Your profession

Prudential sets £10bn cash target after strategy pays off

Prudential has reached five of the six objectives it had set itself for 2013 and is on course to reach its final aim of doubling the 2009 Asia new business profits by the end of the year, Tidjane Thiam said today.

clock 10 December 2013 •
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