Customer-centricity must pierce through the heart of wealth management firms 26/03/2015 As a conduct-focused regulator, the FCA is keen to ensure that firms are implementing good standards underpinned by a consumer-centric culture enforced from the top down. This is a particular focus for the wealth management sector, which has been criticised in the past for profit-driven cultures resulting in suitability failings.
FCA set to increase its fees 26/03/2015 The Financial Conduct Authority (FCA) has launched a consultation on the fees paid by regulated firms in order to cover the growing costs of its activities.
Jeremy Paxman probes Jersey's funds industry 24/03/2015 It has been eight months since the implementation of the EU Alternative Investment Fund Managers Directive (AIFMD), but regulation is still keeping Jersey’s alternative funds professionals awake at night, discovered Jeremy Paxman.
HMRC former tax chief Hartnett took HSBC job 24/03/2015 Dave Hartnett, the former head of tax at HMRC, has taken a role with HSBC, the bank under investigation by several countries around the world for alleged collusion in client tax evasion, it has emerged.
MFO partners with China trust company 19/03/2015 Oracle Capital Group, a multi family office and wealth consultancy, has entered into a strategic partnership with Shanghai International Trust.
Wealth Management reacts to yesterday's Budget 19/03/2015 The Chancellor of the Exchequer, George Osborne, announced ahead of yesterday’s (18/03/2015) Budget that there would be “no gimmicks and no giveaways”. Nevertheless his final announcement before the election featured several surprise strategies aimed at getting Britain “out of the red and into the black” by 2019. Amongst these were a crackdown on tax evasion, an extension of pension freedoms and another increase in the bank levy. thewealthnet has taken a look at of some of the key responses from the wealth management sector.