Investments Monthly Newsletter - June 2024
Investments monthly newsletter - 2024
FCA Publication: FCA keeps trading apps under review over gaming concerns
The FCA conducted an online experiment with over 9,000 consumers through an experimental trading...
Financial Ombudsman Service (FOS) Publication: Proactively settled complaints to continue
On 12 June 2024, the FOS announced that it would continue its proactive settlement scheme following...
FCA Publication: Our ambitious agenda for UK asset management
In a speech delivered at the Bloomberg Buy-side Forum, Ashley Alder, the FCA Chair set out the...
FCA Publication: Consumer Duty – information for firms
The FCA has updated its previous guidance on the Consumer Duty, specifically on the requirements...
Investments Monthly Newsletter - May 2024
Investments monthly newsletter - 2024
Avoid these common errors in Asset Management authorisation
The FCA has published a list of common issues with applications between April 2023 and April 2024...
'Finfluencers’ charged for promoting unauthorised trading scheme
The FCA announced earlier this month that it was bringing charges against several individuals...
FCA confirms anti-greenwashing guidance and proposes extending sustainability framework & FG24/3: Finalised non-handbook guidance on the anti-greenwashing rule
The FCA have released finalised guidance on its anti-greenwashing rule (FG24/3), which is set to...
Investments Monthly Newsletter - April 2024
Investments monthly newsletter - 2024
FCA Market Watch 78
In Market Watch 78, the FCA has put forward its recent supervisory...
The Financial Resilience Survey data
In June 2020 the FCA launched the Financial Resilience Survey...
Alternative investment fund manager (AIFM) hosting
AIFMs can use the host model to employ staff on secondment from a third party to help manage the...
New way of paying for investment research proposed by the financial regulator
The FCA has put forward plans for a new way to pay for investment research.
VCT fundraising dips 18% to £882m but remains third highest on record
VCT fundraising reached £882m in the 2023/24 tax year, according to data from the Association of...
Investments Monthly Newsletter - March 2024
Investments monthly newsletter - 2024
FCA decides on £5.95m fine and industry ban for Nailesh Teraiya in latest cum-ex case
Nailesh Teraiya has referred his Decision Notice to the Upper Tribunal. Any findings in the...
FCA updates position on cryptoasset Exchange Traded Notes for professional investors
The Financial Conduct Authority will not object to requests from Recognised Investment Exchanges...
Investors pulled £38.1bn from active funds in 2023 as cost of living pressure bites
Active funds suffered outflows totalling £38.1bn in 2023, as investors continued to favour tracker...
T+1 and EU CSDR accelerate need for improved efficiency in ETF creation and redemption processes
There is an increased need for ETF creation and redemption processes to undergo automation and...
Value of London-listed ETFs surpasses £1trn for the first time
The total value of London-listed ETFs surpassed £1trn for the first time in February, according to...
Investments Monthly Newsletter - 2024
Investments monthly newsletter - 2024
FCA Publication: Primary Market Bulletin 47
The 47th edition of the FCA’s Primary Market Bulletin provided an update on recent follow-ups from...
FCA Publications: Market Watch 76 and 77
The FCA has released two new instalments of Market Watch. Market Watch 76 covers the FCA’s...
FCA addresses concerns on treatment of customer cash balances
The FCA has sent a Dear CEO letter to 42 investment platforms and SIPP operators outlining its...
European fund managers secure long-term UK market access
The Treasury has confirmed that European fund managers will be able to submit applications to the...
BlackRock Sees Highest UK Gross Retail Sales For The Tenth Year
BlackRock has topped the table for the highest gross retail sales in the UK for the tenth...
Investments Newsletter - January 2024
Investments monthly newsletter - January 2024
FCA Address Concerns on Treatment Of Customer Cash Balances
The FCA has written a ‘Dear CEO letter’ to 42 investment platforms and SIPP operators about its...
Most Active Equity Funds Fail To Outperform Benchmarks In 2023
Most actively managed funds and active ETFs have failed to beat their benchmarks in 2023, research...
European ETF market hits record $1.72trn
Assets under management in the European ETF market reached a record $1.72trn at the end of...
Investments Newsletter - December 2023
Investments monthly newsletter - December 2023
Personal Investment: Strengthening Prudential Requirements
The FCA has announced proposals to require personal investment firms (PIFs), often referred to as...
Recruit, Change or Terminate an Appointed Representative
Principal firms that recruit appointed representatives (AR) are responsible for their activities...
Expectations Of Firms Offering Fractional Shares
Following the Treasury’s recent announcement of its plan to allow certain fractional share...
FCA publishes final report on IFPR Implementation Observations
The FCA has released a report with its observations on how firms are implementing the requirements...
Investments Newsletter - November 2023
Investments monthly newsletter - November 2023
UK Retail Disclosure Framework
The SSR (Short Selling Regulation), applies to financial instruments admitted to trading or traded...
The Short Selling Regulations 2024
The government has issued a draft SI with an accompanying policy note setting out how it plans to...
Changes To The Financial Promotion Rules Will Have An Impact
HM treasury recently consulted on changes to the thresholds for what it means to be wealthy and how...
The Consumer Duty: A Continuous Journey Towards Better Outcomes
On the 1st November 2023 the FCA Director of Cross-Cutting Policy and Strategy, Nisha Arora, gave a...
FCA Expectations For Wealth Management And Stockbroking
On the 8th November 2023, the FCA issued a ‘Dear CEO’ letter, intended for firms that typically...
Investments Newsletter - October 2023
Investments monthly newsletter - October 2023
Our Platforms Portfolio Supervision Strategy
The FCAs key concerns about harm within the Platform Portfolio include: - Fees and charges not...
Financial Promotions for high-risk investments
In August 2022, the FCA published PS22/10, which outlined new requirements for firms promoting...
FCA issues 146 alerts in first 24 hours of new crypto marketing regime
The FCA issued 146 alerts about cryptoasset promotions on the first day of a new regime bringing...
Our supervision strategy for Corporate Finance Firms
The FCA has written a Dear CEO letter to Corporate Finance Firms (CFFs) to outline the harms to...
Investments Newsletter - September 2023
Investments monthly newsletter - September 2023
Fund managers warn government over net zero target
Fund houses managing £1.5trn in assets have warned the government that confused policymaking could...
VCTs Prove Resilient Against Venture Capital Industry Decline
Venture capital trusts saw an 8% growth in capital deployment over 2022, despite a staggering 23%...
Platform industry suffers worst Q2 sales since 2010
Platform sales failed to pick up between April and June this year, leading to the worst...
Nine out of ten investment trusts end H1 on discount
Investment Week has found that just 20 out of 231 investment trusts (around 8.7% of trusts) ended...
Consistently underperforming equity funds total soars to 56
Bestinvest’s latest Spot the Dog report found the number of persistently underperforming funds has...
Investments Newsletter - August 2023
Investments monthly newsletter - August 2023
BlackRock retakes net flows crown in Q2
The latest Pridham Report found that, in the second quarter, BlackRock retook top spot for both...
Active equity funds gain ground on trackers in H1 2023
After a bleak 2022, the performance of active equity funds has seen an uptick relative to trackers...
Article 9 funds see lowest inflows on record
Dark green funds saw their lowest flows on record through the second quarter of 2023, despite...
Industry Welcomes Trio Of Reforms Including Review Of Rules
Chancellor of the Exchequer Jeremy Hunt has introduced a ‘sweeping package of UK regulatory...
One in six asset managers expected to disappear by 2027
The findings from a survey carried out by PwC suggest that 16% of asset management firms will...
Investments Newsletter - July 2023
Investments monthly newsletter - July 2023
Mixed reaction for LTAF retail extension
The FCA has opened up the Long-Term Asset Fund (LTAF) structure to retail investors, a move that...
Reports suggest UK set to scrap MiFID client research ban
Reports have emerged suggesting that Chancellor of the Exchequer Jeremy Hunt is set to announce an...
UK investors put £632m into fixed income funds in May
Fixed income funds saw inflows of £356m into funds during May, while institutional clients pulled...
Investments Newsletter - June 2023
Investments monthly newsletter - June 2023
MPs scrutinise FCA over two-year Crispin Odey probe
The FCA is under pressure from MPs over its handling of misconduct allegations against the hedge...
Consumer Confidence Boosted By £2.8bn Invested In Funds In April
The Investment Association (IA) recently released its key findings for April 2023.
EIS investment into startups hits £2.5bn all-time high
The latest figures from HM Revenue & Customs (HMRC) show more private investors than ever backing...
Investments Newsletter - May 2023
Investments monthly newsletter - May 2023
UK Investors Poured £1.4bn Into Equity Funds In April 2023
UK investor confidence in equity funds has risen, as demonstrated by the net £1.4bn added to the...
Pridham Report: Fund sales show signs of recovery
Fund sales in the first three months of 2023 improved compared to the previous two quarters, the...
UK Venture Capital Falls To Pre-pandemic Levels
Venture capital investment in the UK tumbled back to pre-pandemic levels in the first three months...
Investments Newsletter - April 2023
Investments monthly newsletter - April 2023
Investors pull record £54bn from UK funds
Investors withdrew £53.9bn from UK funds in 2022, the biggest annual outflow ever, according to an...
European investors return to bond and equity markets
European investors have piled back into fixed-income and equity funds, with both asset classes...
European asset managers attract $54bn inflows in 2023 so far
European asset managers have seen inflows of $54bn so far in 2023, marking a reversal from 2022,...
ESMA report finds EU MMF industry worth close to €1.5tn
EU financial markets regulator and supervisor ESMA has published its inaugural market report on EU...
Costs of retail investment products continue slow decline
EU financial markets regulator the European Securities and Markets Authority (ESMA) recently...
Investments Newsletter - March 2023
Investments monthly newsletter - March 2023
Investment trusts have worst year since 2008
The closed-ended space had its worst calendar year since 2008, but Winterflood analysts are hopeful...
Consolidated VCT sector sees investment boom
The venture capital trust sector underwent a consolidation last year while managing to increase its...
Asset Managers Prepare For Staff Reductions & Streamlined Offerings
Asset managers have continued to record outflows, underperformance, and declining revenues in the...
European ETFs see 12% drop in AUM despite inflows
European ETFs saw $87bn in net new assets throughout 2022, despite seeing a drop in assets under...
Top performing funds fail to repeat success
Investors have been warned against chasing annual best performing fund lists, after new data...
Investments Newsletter
Investments monthly newsletter
Fewer UK active managers outperformed in 2022
A study by Hargreaves Lansdown has found that the proportion of UK active managers who outperformed...
Investment trusts with biggest discounts in 2022
Investment trust discounts are at their highest level since the global financial crash in 2008, but...
UK fund flows record second positive month of 2022 in November
UK fund flows reached £389m in November 2022, the second month of positive flows for the year,...
Equity fund flows fall to weakest in eight years
Outflows from equity funds reached £6.3bn in 2022, the lowest figure since 2014, with...
2022, the year that proved troubles come in threes
Managers of UK-focused investment trusts are optimistic for 2023. So says, Nick Britton, head of...
Investments Newsletter January 2023
Investments monthly newsletter January 2023
Industry Faces Mounting To-do List As Regulatory Equivalence Drifts
Regulatory teams face another tough year in 2023, as further divergence between the EU and UK...
Dividend payouts forecast to hit record highs in 2023
Total dividend payments from the FTSE 100 are forecast to hit a new record in 2023, with a...
Private markets to face reality check in 2023
The resilience of private markets is set to be tested as short-term woes permeate the space; but...
One in five sustainable funds falls short of SFDR standards
Almost 20% of Article 9 sustainable funds are breaching ‘do no harm’ standards, according to new...
Funds Delivering Top-quartile Returns Hit A New Low In Q3
According to Columbia Threadneedle Investments Multi-Manager FundWatch, the number of funds...
Consultation on the section 21 gateway
In January 2023, the FCA reminded the industry that, subject to legislation, a new authorisations...
FCA thematic review of retirement income advice
In January 2023, the FCA announced that it will be undertaking a thematic review assessing the...
FCA issues portfolio letter to wholesale brokers
In January 2023, the FCA set out in a letter issued to wholesale brokers its new strategy for...
Fines issued by the FCA more than doubled in 2022
In January 2023, it was reported that the number of fines issued by the FCA had more than doubled...
Investments Newsletter December 2022
Investments monthly newsletter December 2022
UK bonds see £1.3trn drop in value since start of 2022
A research report by Collidr Asset Management has found that, by late October, more than £1.3trn...
VCT fundraising behind schedule due to late offer openings
By October, venture capital trusts (VCTs) had raised fewer funds in the current tax year than in...
UK funds suffered largest outflows on record in September
According to Investment Week September saw the largest redemptions on record from UK focused funds,...
UK investors flee equity funds in record-breaking dash
UK equity funds saw the highest level of outflows on record during August, according to data from...
Retail Investors To Drive Wave Of Alternatives AUM Growth
A report by data provider Preqin suggests that private capital assets under management (AUM) are...
Review Of Senior Managers & Certification Regime Launched
In December 2022, the Chancellor of the Exchequer announced a set of reforms, referred to as the...
Portfolio Strategy Letter For Financial Advisers & Intermediaries
In December 2022, the FCA issued a portfolio strategy letter to the CEOs of financial advisers and...
FCA reveals plans to make financial advice more accessible
In November 2022, the FCA, as part of its consumer investment strategy, set out in its Consultation...
FCA Fines Pembrokeshire Mortgage Centre Ltd £2.4m For Failings
In December 2022, FCA fined Pembrokeshire Mortgage Centre Limited (trading as County Financial...
FCA Highlights Concerns About Problem Firms In The CFD Sector
On 1st December 2022, the FCA issued a Dear CEO letter to CFD providers outlining its expectations...
Investments Newsletter November 2022
Investments monthly newsletter November 2022
Investors set to prioritise healthcare amid demographic shift
Healthcare is set to get a boost after the sector was identified as ‘significantly attractive’ by...
Demand for investment trusts remains resilient in Q2 despite market turmoil
Purchases of investment companies on adviser platforms remained resilient in the second quarter of...
Outflows slow to £129 million in July amidst continued uncertainty
UK savers took £129 million out of funds in July 2022, down from £4.5 billion in June, according to...
European fund selectors shift towards private markets
A new survey has found that 27% of fund selectors say that their firm is shifting investment...
Investors eye absolute return despite continued poor performance since Brexit
Uncertain market conditions and increased correlation between asset classes have more investors...
Investments Newsletter October 2022
Investments monthly newsletter October 2022
Global dividends reach record high in Q2
Recent figures from the Janus Henderson Global Dividend Index showed global dividends reaching a...
Flows into sustainable strategies slow as equities continue to suffer
Net inflows into sustainable strategies cooled during July, as broader equities continued a trend...
Funds see £4.5bn outflows in June amidst economic uncertainty
The Investment Association (IA) has reported that UK savers took £4.5bn out of funds in June, the...
Commodities and gold are the only assets showing positive returns
Commodities and gold were the only asset classes providing positive returns to Sterling investors...
Broadening retail access to the long-term asset fund
A recent FCA consultation, Consultation Paper CP22/14, could see Long Term Asset Funds (LTAFs)...