The number of ESG-labelled fund products in Europe grew by 89% last year, according to a new study by investment research company Fitz Partners. The study also found that while ESG funds remain cheaper than non-ESG funds their price gap narrowed to 2bps over the last 12 months. In its latest research, Fitz Partners analysed […]

Nearly three in 10 advisers (28%) have changed one or more of their preferred platforms in the last 12 months, according to a new survey. The figure is a significant rise on the previous year when only one in five (19%) changed a platform. According to figures from Defaqto’s newly-released annual Platform Service Review for […]

  The FCA and sister regulators have this week published a detailed ‘Regulatory Grid’ outlining revised plans for the next 24 months to allow for the Chancellor’s ‘Edinburgh Reforms’ to be included. The new regulatory pipeline for the next two years sets out the watchdogs’ timetable for initiatives and reviews. The plans were due to be published […]

City of London Minister Andrew Griffith has warned that the FCA’s new Consumer Duty could damage the sector and trigger a wave of spurious lawsuits, according to news reports. The Financial Times reported that Mr Griffith was “scathing” about the duty at a recent dinner. The paper said Mr Griffith is worried the Consumer Duty will […]

The Financial Services Compensation Scheme has declared four more firms in default, two with links to the British Steel Pension Scheme (BSPS). The four firms have a collective 267 claims against them. On Friday it listed Sutton Coldfield-based RSS&L, Bromsgrove-based FP Consulting, London-based Optimise Wealth Management and London-based Northern Provident Investments in default. The move […]