DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Toby Melville - 1 Sarah Pritchard - 1 Yadarisa - 1 Dhanya Ann Thoppil - 1 Christina Fincher - 1 Jeremy Hunt - 1 Hannah McKay - 1 Hunt - 1
Top related locs:
London Britain Bengaluru New York ISAs
Top related orgs:
REUTERS - 2 Thomson - 2 FCA - 1 Financial - 1 Authority - 1 Investment - 1 steelworkers - 1 British - 1

Search resuls for: "PIMFA"


2 mentions found


☆ UK investment advisers face capital hike to cover compensation costs
  + stars: | 2023-11-29 | by ( Huw Jones | ) www.reuters.com   time to read: +2 min
Signage is seen for the FCA (Financial Conduct Authority), the UK's financial regulatory body, at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Nov 29 (Reuters) - Investment advisers in Britain should hold extra capital to cover compensation costs, regulators proposed on Wednesday, in a bid to put a lid on the rising bill for bad advice. It is important that the polluter pays," Sarah Pritchard, the FCA's executive director of markets and international, said in a statement. Advisers already have to set aside a minimum of 20,000 pounds in capital to operate. PIMFA, a trade body for financial advisers, said it welcomed a "polluter pays" model, but urged a proportionate approach to avoid barring new entrants.
Persons: Toby Melville, Sarah Pritchard, Yadarisa, Dhanya Ann Thoppil, Christina Fincher Organizations: FCA, Financial, Authority, REUTERS, Investment, steelworkers, Thomson Locations: London, Britain, Bengaluru
☆ Britain's Hunt broadens push to unlock pension pots for growth
  + stars: | 2023-11-22 | by ( Huw Jones | ) www.reuters.com   time to read: +3 min
By 2030, the majority of workplace DC savers will have their pension pots managed in schemes of over 30 billion pounds, and by 2040, all local government pension funds will be invested in pools of 200 billion pounds or more," Hunt told parliament. Hunt said such changes could help unlock an extra 75 billion pounds ($93.46 billion) of financing for high growth companies by 2030, and improve returns for pensioners. The British Business Bank will set up a new growth fund for schemes to invest in growth companies, and there will be a consultation on giving the Pension Protection Fund a new role to help consolidate direct benefit schemes, he said. The government also wants to allow certain portions of shares - fractional shares - within ISAs. ($1 = 0.8025 pounds)Reporting by Huw Jones Editing by Frances Kerry and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Persons: Jeremy Hunt, Hannah McKay, Hunt, PIMFA, William Wright, Huw Jones, Frances Kerry, Bernadette Baum Organizations: REUTERS, British, London Stock Exchange's, Aquis Exchange, DC, British Business Bank, Local, ISA, Labour Party, Labour, New, Thomson Locations: London, Britain, New York, ISAs
0 next >>
Total: 2