Prando's Asset Management - 'Digital' watch

The chairman isn't convinced by the FCA's new interest in rules of thumb

clock • 3 min read

"Have you actually read the Financial Advice Market Review?" asked the chairman of the improbably-sized investment company Prandeamus Asset Management when I dropped by to see him this week. "Have you?" I shot back, avoiding the question.

"As it happens, I have," came the unexpected reply. "And there is one element I find confusing." "Just one?" I checked. "Presumably, then, it is the idea of the regulatory sandbox we said we would talk about this week?" "No - that will have to wait for another time," said the chairman firmly. "Today I want to talk about this idea of an FCA-led taskforce to design rules of thumb and nudges for punters to use in the absence of actual financial advice and then encourage their adoption by employers, government agencies and charities." "Did we not do the nudge thing a few weeks back?" I po...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Darius McDermott: Old demographics, new innovations — so why isn't healthcare booming?

Darius McDermott: Old demographics, new innovations — so why isn't healthcare booming?

'The sector should be flying — but it isn't'

Darius McDermott
clock 08 May 2025 • 5 min read
Why China's journey to net zero demands investors' attention

Why China's journey to net zero demands investors' attention

China's journey towards net zero could yet prove more rapid than expected

Gabriel Sacks
clock 07 May 2025 • 4 min read
Morningstar CEO: Advisers and industry need 'shared language' around risk

Morningstar CEO: Advisers and industry need 'shared language' around risk

Kapoor points to UK regulation becoming more ‘goals focused’

Sahar Nazir
clock 07 May 2025 • 2 min read