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News

RDR

APFA questions need for third FCA industry review

The Association of Professional Financial Advisers (APFA) said it was surprised about how few issues came out of the regulator's first thematic review into the post-Retail Distribution Review (RDR) adviser industry.

clock 26 July 2013 •

Investment

Regulators approve Royal London/Co-op deal

The Prudential Regulation Authority (PRA) has approved the change in control required for the purchase of Co-operative Banking Group's life insurance business Co-operative Insurance Society (CIS) by mutual Royal London.

clock 26 July 2013 •

Your profession

Baker Tilly in talks to buy RSM Tenon

RSM Tenon has been approached over a potential acquisition by accountancy firm Baker Tilly.

clock 25 July 2013 •

Equities

IMA kicks JPM and Marlborough funds out of UK Equity Income sector

The Investment Management Association (IMA) has removed a further two funds from its UK Equity Income sector for undershooting minimum yield requirements over the past three years.

clock 25 July 2013 •

RDR

RDR review: The questionnaire the FCA sent to 50 firms

The Financial Conduct Authority has published the results of the first stage of its three-pronged review into firms' compliance with new rules following the RDR.

clock 25 July 2013 •

Regulation

FCA: Some advisers failing clients on charging disclosure

Some advisers are not transparent enough about their charges, leaving customers confused and unable to compare and contrast prices, the Financial Conduct Authority (FCA) has alleged.

clock 25 July 2013 •

Regulation

FCA investigating three more banks over money laundering

Three more banks are being investigated by the Financial Conduct Authority (FCA) over money laundering, it has revealed.

clock 25 July 2013 •

RDR

FCA finds restricted advisers operating under IFA banner

The Financial Conduct Authority (FCA) says firms are mostly adapting well to changes introduced following the Retail Distribution Review (RDR), but it has uncovered some problems, including firms describing themselves as independent but in fact choosing...

clock 25 July 2013 •

Economics / Markets

UK GDP growth hits 0.6% in Q2

The UK economy grew by 0.6% in the second quarter, in line with analysts' expectations and up from the modest 0.3% growth recorded in Q1.

clock 25 July 2013 •

RDR

Brooks Macdonald warns of margin squeeze in 2014

Brooks Macdonald has reported 45% growth in discretionary funds under management for the year to June, but warned the costs of investing in the business will drag on margins in 2014.

clock 25 July 2013 •
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