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IPCC Report – The Implications for Investors

This post represents the opinion of its author and not that of ShareSoc The Intergovernmental Panel on Climate Change (IPCC) have published a report that predicts in stark terms both the historic and predicted changes to the earth’s climate from human activities. This is what they say in the accompanying press release: “Scientists are observing changes in the Earth’s climate in every region and across the whole climate system, according to the latest Intergovernmental Panel on Climate Change (IPCC) Report, released today. ...

KPMG fined again: but not the audit function this time!

This is a personal blog by Cliff Weight, ShareSoc Director and does not necessarily reflect the views of ShareSoc. This is so shocking that I am simply blogging the FRC announcement. My only comment is to highlight the glacial speed of such investigations. It has taken 10 years to get this far. The deterrent value of the £13 million fine would have had far more impact if the case had been concluded in two years! ShareSoc continues to lobby the FRC, FCA, ...

Changes to KIDs Proposed by the FCA

Yet another public consultation issued by the Financial Conduct Authority (FCA) in mid-summer is one on KIDs (Key Information Documents). This is relevant to private investors and is designated CP21/23 – see link below. KIDs are imposed and regulated under the PRIIPs regulation as devised by the EU for packaged investment products such as funds and trusts. KIDs give basic financial information, risk indicators and likely future performance based on past performance. Those who purchase investment trusts for example will be asked ...

FCA Primary Markets Effectiveness Review – would you like to contribute?

ShareSoc Blog by Cliff Weight, Director (Pronouns: He/his/his).   Please note these are my personal views and not necessarily those of ShareSoc. I have received the request below about a subject dear to my heart and hopefully of other members. If you are willing and wanting to contribute please contact us with your name and contact details and I will organise a meeting with the FCA about this. It is good news that the FCA is reaching out in this way to seek ...

FCA, AFMs, ACDs, High fees for inappropriate products, Closet indexers

By Cliff Weight, Director, ShareSoc. These are my personal views and do not necessarily reflect the views of ShareSoc. The FCA has published two reports in a week that highlight the historic failings of the fund management industry and are hugely critical. According to Wealth Manager "In a damning report, the watchdog said fund houses have failed to properly assess the value of their funds." see https://citywire.co.uk/wealth-manager/news/asset-managers-can-t-explain-why-funds-offer-value-fca-says/a1527497 It is a good report with many sensible suggestions. It should have been done 5 years ago immediately ...