The Findings
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SUITABILITY - AND YOU THOUGHT IT WAS ALL OVER!
Suitability is one of the issues that is at the top of the FCA’s agenda. It comes up time and again on their business plans. According to FCA findings, 96% of advice is suitable. However, even a small proportion of people not agreeing that they were given suitable advice would be a flag. ESMA issued a second paper on suitability recently, and it was aimed at the regulator and broadly in line with the previous paper. Although it isn’t aimed at firms, it is useful for them to see how the regulator will approach it. The FCA is scheduled to do another review in 2019, so now is a good time for firms to reassess and revamp their approach to suitability assessment.
15 November 2018
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THANKS TO MIFID II, INVESTORS ARE NOW SEEING WITH GREATER CLARITY THE LEVEL OF RETURNS THEY ARE RECEIVING ON THEIR INVESTMENTS PLUS THE FEES THEY ARE
MiFID II – the EU directive that came into force in January 2018 – is affecting how industry players view the role of ETFs. In particular, the directive is highlighting a renewed focus on value, trade transparency and liquidity – and driving awareness about ETFs as a way to invest across asset classes and geographies.
15 November 2018
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THE FUTURE OF ADVICE
Trust and satisfaction are key factors determining the difference between ‘good’ and ‘great’ advice among wealth management clients. The successful future adviser will harness technology effectively to enhance their existing proposition while differentiating themselves in the areas of holistic financial planning and behavioural coaching.
15 November 2018
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THE OPTIMAL DIGITAL BUSINESS STRATEGY. IT LOOKS LIKE IT'S ALL ABOUT THE FIRM'S CULTURE!
The industry approaches digital from various angles. Different firms focus on different aspects, but mostly digital is spoken about in the context of client experience. To implement digital transformation projects successfully, firms need to have an organisation-wide digital strategy and focus on its people to bring the change about.
15 November 2018
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VALUE IN EMERGING MARKETS?
Investors are questioning both value investing and emerging markets. Why are they so negative? Is there any future in these areas?
15 November 2018