Investment - Articles - PwC comment on FCA's plan for asset & wealth management


In response to the publication of the FCA's Risk Outlook and Business Plan, Mark Pugh, UK asset and wealth management leader at PwC, commented:

 “The FCA continues to aspire to a sustainable model of regulation, which will encourage industry led initiatives and challenge regulations where the costs outweigh the benefits. Firms will welcome the news that part of this focus will entail a review of existing rules to determine whether any can be removed or redrafted to bring them into line with current market practices.

 "In the context of the asset and wealth management industry, no new initiatives have been announced, but a number of FCA 2016/17 priorities, and existing work, will continue to focus on the sector. Perhaps the most eagerly anticipated are the results of the market study and the potential market changes that could arise from the report.

 “The asset and wealth management sector faces a busy year ahead with FCA MiFID II implementation becoming clearer, further details of the application of the Senior Managers Regime and the implementation of the Fair and Effective Markets Review (FEMR) recommendations. In addition, the risks associated with new technology cannot be ignored and the prevention and detection of cyber-attacks must remain a focus.” 

Back to Index


Similar News to this Story

Howden to acquire Barnett Waddingham
Acquisition creates new global force in employee benefits, providing a platform for Howden to expand pension and related investment and risk services
FCAs 5 year strategy to support growth and improve lives
The Financial Conduct Authority (FCA) has launched a new 5-year strategy to deepen trust, rebalance risk, support growth and improve lives.
8% of Gen X savers have GBP100K in savings and cash ISAs
Gen X ‘cash stashers’ hold an average of £34,114 in cash with nearly one in 10 (8%) holding over £100,000. Nearly half (46%) of Gen X say that investi

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.