MiFID II commentaries generally focus on the legislation itself, rather than the specific impacts to firms and solutions to address them. These are our views on the benefits of a successful and thoughtful implementation approach.
The predominant responsibility of a wealth manager is to deliver suitable and appropriate advice to their clients. Why then is the FCA, five years after making it a central aspect for review and guidelines, still finding fault with suitability?
Nearly three years on from the FCA’s Thematic Review of Outsourcing in the Asset Management Industry (TR 13/10, November 2013) are we seeing fundamental change in how investment firms consider outsourcing?
It comes as no surprise and, indeed, has been recognised by many, including the FCA, that the Retail Distribution Review (RDR) has left a group of consumers bereft of access to financial advisers and therefore financial advice.
The latest budget sees another attack on the pension savers of middle England by dint of yet a further reduction in the lifetime allowance. On top of this, pension tax relief is also very much in the firing line. Different and radical proposals are emerging from each of the major political parties in the run-up to the election.