Consumer Duty
- Banking
Deep Dive: Funds-of-funds can help overcome PE investment barriers
An FOF, otherwise known as a multi-manager fund, is a pooled investment vehicle that invests in other portfolios as its…
Read More » - Banking
Deep Dive: Consumer Duty is ‘forcing’ DFMs and asset managers to justify value and costs
This has translated into significant work being undertaken by all financial services providers to ensure consumers were at the very…
Read More » - Banking
BlackRock tiered fund pricing structure divides opinion
The model is based on specific assets under management thresholds relative to each fund, with investors receiving discounts only after…
Read More » - Banking
Platform industry suffers worst Q2 sales since 2010
According to Fundscape’s latest edition of The Platform Report, sales were a “bloodbath”, with gross sales rising to £34bn compared…
Read More » - Banking
FCA: Managers ‘undermine’ value assessment process by basing fees off competitors
In its review of processes of assessments of value the FCA said managers have a “better understanding” of the rules…
Read More » - Banking
Bank of America upgrades St James’s Place to ‘Buy’ after share plunge
The advice giant’s shares have fallen by over 26% since the release of its results for the first half of…
Read More » - Banking
Consumer Duty: how wealth managers can meet alternatives challenge
For some investment firms, particularly those with straightforward propositions and services, this newly raised regulatory bar should, while still presenting…
Read More » - Banking
FCA director urges firms to ‘eat the frog’ as Consumer Duty deadline looms
The colourful phrase means tackling the task you most want to avoid first. It was originated by American writer Mark…
Read More » - Banking
Holly Mackay: Where do asset managers sit on the consumer duty map?
Earlier this week, the Financial Conduct Authority fired a warning shot about larger firms’ readiness for consumer duty, reporting that…
Read More »
