Sábado, 22 Julio, 2017

FCA to review model portfolios in platform probe

Investment clock calculator keyboard golden egg FCA kicks off wide-reaching platform market probe
Malita Javier | 17 Julio, 2017, 14:56

The use of online platforms, which give direct access to funds and shares, has grown exponentially over the past eight years with assets ballooning from £108 billion in 2008 to £592 billion last year as both financial advisers and private investors have adopted them.

The Financial Conduct Authority today (17 July) set out the details of how it will investigate the investment platform market to ensure it is providing value for money and a fair service to investors.

It added: "These relationships have the potential to distort competition by encouraging platforms to compete in the interests of those with which they have commercial relationships rather than in the interests of the consumer".

Now the FCA has decided this fast growing part of the market needs a review to ensure it is working in the best interests of investors.

AIADMK Ministers Question Kamal Haasan's Personal Life, Call Him A 'Third-Rate Actor'
Earlier this week, cops called Dileep for questioning in connection with the case and arrested him, thereafter. Let's audit the amount of tax you've paid for the movies you've produced ", he challenged Kamal Haasan.

The criteria include the available trading products, data regarding them, inter-platform interaction, asset managers, financial advisors, and fund rating providers.

In either case, the FCA argued, it was likely an adviser's preferences would be a key determinant in the selection of the platform and the study would therefore explore the impact this has on competition between platforms by exploring the question "Do adviser platforms compete in the interests of the end-investor?"

The regulator adds: "We want to assess the impact advisers have on platform costs and quality, understand whether the benefits advisers secure from their platform are passed onto investors and how use of a platform has affected adviser charges".

"Platforms have the potential to generate significant benefits for consumers and we want to ensure consumers are receiving these benefits in practice".

Un argentino más para el Barcelona
Se trata de un juvenil, Mariano Konyk de 19 años, que ya firmó su contrato con el club catalán. El Barcelona de Lionel Messi y Javier Mascherano sumó a otro futbolista argentino a su plantel.

It will analyse whether investors have proper product knowledge and if they are guided when making an investment decision, especially where a product is categorised as "complex". "The FCA will assess whether these relationships work in the interests of investors". The study will look at both investment platforms and firms that provide similar services by allowing investors or their advisers to access retail investment products through an online portal.

The FCA's deadline for feedback is 8 September.

The regulator will publish an interim report by summer 2018.

Two FC men martyred, five injured in Peshawar blast
Pakistan Army on Sunday launched Khyber Phase-4 Operation in Rajgaal and Shawwal areas of Khyber Agency against miscreants. Local media reports also indicate that a FC major is also among those killed in the attack.

Recommended

Vipshop Holdings Limited Americ (NYSE:VIPS) Sees Significantly Lower Trading Volume Analysts have placed a $16.34 price target on Vipshop Holdings Limited , suggesting a 44.22% gain from recent close. Also Benzinga.com published the news titled: "25 Stocks Moving In Friday's Pre-Market Session" on July 14, 2017.

Germany will have talks with Turkey to resolve North Atlantic Treaty Organisation base row: Merkel Germany will have talks with Turkey to resolve North Atlantic Treaty Organisation  base row: Merkel NATO Secretary General Jens Stoltenberg has called on Turkey and Germany to sort out their differences amid a growing diplomatic dispute.

AMA Says New GOP Health Care Effort Falls Short AMA Says New GOP Health Care Effort Falls Short The Republican's bill is created to replace former President Barack Obama's signature health-care law, known as the Obamacare. The new bill aims to stabilize insurance costs for consumers, but also contains a controversial amendment.

Yuan finds lift on China's GDP and central bank Yuan finds lift on China's GDP and central bank South Korea's Kospi was up 0.47 percent in early trade as the benchmark index closed in on the 2,430 level. The dollar index, which measures the dollar against a basket of currencies, traded at 95.096 at 7:55 a.m.

26 heridos por explosión en un edificio residencial en Bogotá 26 heridos por explosión en un edificio residencial en Bogotá Al hospital Simón Bolívar fueron enviadas 15 personas, 3 a la Clínica Colina y uno a la Fundación Santa Fe . Los investigadores atribuyen la explosion a acumulación de gases en un ducto de basuras.

Updates on Tottenham's attempts to sign Everton's Ross Barkley Updates on Tottenham's attempts to sign Everton's Ross Barkley Spurs have widely reported as suitors for Barkley recently and it appears a move could be back on the cards. Everton would rather cash in on Barkley now than risk losing him for training compensation next summer .

Detienen a hombre con $108 mil dólares en Nuevo Laredo Detienen a hombre con $108 mil dólares en Nuevo Laredo El hecho ocurrió anoche en procedimientos de revisión por parte de personal del Servicio de Administración Tributaria (SAT). De acuerdo con lo permitido, sólo se puede portar una cantidad máxima en los cruces internacionales de 10 mil dólares .

Frente Amplio expresó preocupación por el pronunciamiento judicial contra Lula da Silva Frente Amplio expresó preocupación por el pronunciamiento judicial contra Lula da Silva En las redes, donde Lula fue el tema principal, había tantas reacciones aplaudiendo la noticia como lamentándola. Pero, por otro lado, son más raudos si las sentencias vienen de Sergio Moro: históricamente han tardado un año.

Loic Remy set to leave Chelsea as Southampton and Everton prepare moves Loic Remy set to leave Chelsea as Southampton and Everton prepare moves But for some of the clubs reportedly interested in his services, he could be a decent addition for the right price. The France global striker made just eight appearances for Chelsea last season and failed to score a single goal.

UK House Prices Stabilise, but Buyers Still Wary-Rightmove UK House Prices Stabilise, but Buyers Still Wary-Rightmove Rightmove director Miles Shipside said the market remained very price sensitive with some properties hitting a price ceiling. The average asking price climbed to £316,421 (S$567,612), a "relatively subdued" 2.8 per cent increase from a year earlier.

Chris Froome recupera el liderato en el Tour de Francia? Chris Froome recupera el liderato en el Tour de Francia? "Es una sorpresa muy bonita". "Todo esto es gracias a mis compañeros de equipo hoy". (Michal) Kwiatkowski ha hecho un gran trabajo.

AC Milan interested in Alvaro Morata, Pierre-Emerick Aubameyang Milan have been splashing the cash this summer as they look to regain their status as a Serie A superpower. However, according to reports in Italy, Belotti has now agreed personal terms with AC Milan .

Arthur J. Gallagher & Co. (NYSE:AJG) Director Sells 1000 Shares of Stock The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Perkins Ltd Limited Liability Company holds 0% of its portfolio in Arthur J Gallagher & Co (NYSE:AJG) for 2,600 shares.

Sergio Pérez remonta en califcación en Silverstone Sergio Pérez remonta en califcación en Silverstone El de Force India finalizó por detrás de Hulkenberg, Verstappen, Bottas, Vettel, Raikkonen y Hamilton . En la Q1 tuvo algunos problemas y se clasificó para la Q2 con algunos apuros.

Southwestern Energy Company (SWN) Getting Somewhat Favorable Media Coverage, Analysis Finds It dropped, as 49 investors sold SWN shares while 109 reduced holdings. 26 funds opened positions while 30 raised stakes. Southwestern Energy Company's revenue for the quarter was up 46.1% compared to the same quarter a year ago .