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Showing 9051 - 9060 of 10480 matches filtered by 'Funds and asset management'

  • OECD: Business and Finance Outlook

    24/06/2015
    The first edition of this report highlights risks affecting pension funds and life insurance companies, the rise of shadow banking and... the impact of financial sector reforms since the crisis. With regard to the first of these, it is suggested that, in order to reduce insolvency risks, insurers may need to offer lower guaranteed returns on new contracts to reduce liabilities and urges regulators and policy makers to remain vigilant to prevent excessive “search for yield”.
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  • FCA/PRA: Strengthening the alignment of risk and reward: new remuneration rules

    23/06/2015
    PRA and FCA have published a joint PS (PRA – PS12/15; FCA – PS15/16) setting out feedback, final rules and guidance... in relation to proposals made in an earlier CP (PRA – CP14/15; FCA CP14/15). Changes apply to banks, building societies, and PRA-designated investment firms, including UK branches of non-EEA headquartered firms. These rules apply to all Material Risk Takers, including Senior Managers designated under the Senior Managers Regime from 2016. Final provisions on clawback (of paid variable remuneration) and deferral (of unpaid variable remuneration) will apply to variable remuneration awarded for performance periods beginning on or after 1 January 2016. The rest of the requirements will apply from 1 July 2015. PRA has also published final and revised SS in relation to this matter.
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  • FCA: Strengthening the alignment of risk and reward: new remuneration rules

    23/06/2015
    In addition to the joint PS noted in a separate news item, FCA has published a press release setting out details... of the main changes along with a timetable of future publications on banking accountability, as well as guidance on proportionality and the application of ex-post risk adjustment to variable remuneration and a Q&A (see separate item for the lsst of these items).
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  • FCA: Remuneration - revising the Code

    23/06/2015
    A Q&A on the topic.
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  • FCA: PS15/15: FCA regulated fees and levies

    23/06/2015
    FCA has published a PS providing feedback on the responses received to CP15/1 and final rules. FCA will invoice fee-payers... from June 2015 onwards for their 2015/16 periodic fees.
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  • FOS: Ombudsman News 125

    23/06/2015
    Topics include: UCIS, broking and “middlemen” and how complaints to FOS have changed over the past 15 years.
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  • ABI: Pensions reform action plan

    23/06/2015
    ABI has published the text of a letter it has sent to George Osborne and Martin Wheatley which set out an... action plan to tackle the implementation challenges with the new pension freedoms. This proposes that a new “customer control” mechanism which will allow consumers to access the pensions pot without paying for advice and would take the place of the legislative requirement to pay for regulated advice by an FCA authorised adviser where customers have pension savings that have GAR and are valued at £30,000 or more. ABI also suggests that a joint taskforce between the Government, the regulators, providers and advisers to deal decisively with other issue and that FCA conducts a broader review of the balance of responsibility between customers and providers in light of pension flexibility as well as providing clear information on those products and circumstances where advice should be taken
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  • The Pension Regulator: DC trust-based pension scheme quality features

    23/06/2015
    The Pensions Regulator has published its 2015 survey into the presence of the DC quality features amongst trust-based scheme along with... a summary report. The survey found that nine out of ten master trusts and 86% of large DC pension schemes have reviewed their governance processes against the regulator’s quality features, but notes that many small and medium schemes need to do more.
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  • EBA/EIOPA/ESMA: Technical discussion paper on risk, performance scenarios and cost disclosures for KIDs for PRIIPs

    23/06/2015
    The ESAs have published this paper which asks for views on potential methodologies to determine and display risks, performance and costs... in the KID. Responses are required by 17 August 2015. A consultation setting out final draft regulatory technical standards under Article 8 of the PRIIPs Regulation will be published in the autumn, with a separate consultation for the draft standards under Articles 10 and 13.
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  • FCA: CP15/20: Investing in authorised funds through nominees

    22/06/2015
    This CP sets out FCA proposals to revoke rules and guidance at COBS 14.4.1R to 14.4.9R inclusive that relate to notifications... to beneficial owners about short reports, unitholder voting rights and other fund information which had been scheduled to come into force at the end of 2015. FCA notes two pieces of work likely to affect the rationale of most of these rules – the previously announced market study on asset management and a DP to be published shortly which will look at improving firms’ communications with consumers. Responses to the CP are required by 17 July 2015.
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