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The FCA confirmed today that that it will go ahead with its plans for long-term investment funds aimed at sophisticated investors and pension funds, potentially opening them up later to some retail investors.
Chancellor Rishi Sunak will deliver his Spending Review and Autumn Budget this week at lunchtime on Wednesday, 27 October.
Quietly and gradually the FCA is changing and not before time.
The FCA has today published final rules to “streamline and simplify” the prudential requirements for solo-regulated UK firms authorised under the Markets in Financial Instruments Directive (MiFID).
OpenMoney, a low cost online financial advice service, has launched an automated annual review service to nudge clients to update their financial details, investment goals and risk preferences at least once a year.
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The Association of Investment Companies has criticised proposed FCA reform to Key Information Documents (KIDs) as “tinkering around the edges” and wants KIDs suspended prior to major reform.
NS&I, the government’s savings arm, has today launched its eagerly-awaited new Green Savings Bond which will offer a gross rate of 0.65% fixed for 3 years.
The Financial Conduct Authority has joined media platforms TikTok and YouTube as part of its InvestSmart campaign.
FCA calls for extension to its regulatory remit
Written by Kat MitchellThe Financial Conduct Authority has called for an extension of its powers in its latest Perimeter Report.