{"id":59490,"date":"2017-07-01T13:00:06","date_gmt":"2017-07-01T06:00:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/financial-conduct-authority-offers-a-plaster-instead-of-an-antidote-gina-miller\/"},"modified":"2017-07-01T13:09:13","modified_gmt":"2017-07-01T06:09:13","slug":"financial-conduct-authority-offers-a-plaster-instead-of-an-antidote-gina-miller","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/financial-conduct-authority-offers-a-plaster-instead-of-an-antidote-gina-miller\/","title":{"rendered":"Financial Conduct Authority offers a plaster instead of an antidote | Gina Miller"},"content":{"rendered":"<p>&#013;<br \/>\nNothing in the FCA report into asset management gives investors assurance that the daily theft and duping will stopThe Financial Conduct Authority is finally pursuing a pro-consumer agenda \u2013 but it is disappointing that it still appears to be dragging its feet on some key aspects. The UK investment industry has been ripping off the consumer for decades, and it is time for the UK regulator to act rather than have further consultations with the industry and its deeply conflicted trade bodies.Millions of people in the UK depend on the services of the fund management industry for their long-term financial needs. With an ageing population, and the fact that no government will be able to fund a demographic shift which will see the proportion of 65-year-olds rise from 14% in 1975 to a predicted 20% by 2025, investing takes on a vital role, as does the stewardship of the industry. Continue reading&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : theguardian.com&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.theguardian.com\/money\/2017\/jul\/01\/financial-conduct-authority-report-assest-management\" target=\"_blank\">Financial Conduct Authority offers a plaster instead of an antidote | Gina Miller<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Nothing in the FCA report into asset management gives investors assurance that the daily theft&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-59490","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ftw","jetpack-related-posts":[{"id":20452,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/asset-manager-cuts-levy-on-exiting-uk-property-funds\/","url_meta":{"origin":59490,"position":0},"title":"Asset manager cuts levy on exiting UK property funds","date":"July 21, 2016","format":false,"excerpt":"\r Aberdeen Asset Management has reduced the levy on withdrawing from its UK property funds, it said on Thursday, as a surge of investor redemption requests following Britain's vote to leave the European Union began to slow.Abdereen said it has reduced the dilution adjustment on its UK Property fund and\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69670,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-in-three-uk-retirees-will-have-to-rely-solely-on-state-pension\/","url_meta":{"origin":59490,"position":1},"title":"One in three UK retirees will have to rely solely on state pension","date":"October 21, 2017","format":false,"excerpt":"\r Survey by Financial Conduct Authority finds those aged over 50 are most at risk of a bleak financial futureAbout 15 million people have no pension savings and face a bleak future in retirement, according to a major survey of Britain\u2019s personal finances published this week by the Financial Conduct\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137809,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-pressures-will-not-tip-uk-into-wave-of-repossessions-fca-says\/","url_meta":{"origin":59490,"position":2},"title":"Mortgage pressures will not tip UK into wave of repossessions, FCA says","date":"June 23, 2023","format":false,"excerpt":"\r After a meeting between Jeremy Hunt and bankers at No 10, Nikhil Rathi says there will be \u2018no repeat\u2019 of 2008Mounting mortgage pressures will not tip Britain into the tidal waves of repossessions witnessed in recent financial crises, the head of the City watchdog insisted after an emergency meeting\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76044,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-consumers-trapped-in-credit-card-debt-for-longer-than-thought\/","url_meta":{"origin":59490,"position":3},"title":"UK consumers trapped in credit card debt for longer than thought","date":"January 8, 2018","format":false,"excerpt":"\r Bank of England and financial watchdog found 89% of card debt was held by consumers also in debt two years agoBritish consumers are trapped by credit card debt for longer than previously thought, according to a study by officials at the Bank of England and the City regulator, as\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102862,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-in-10-uk-first-time-buyers-will-retire-with-mortgages-fca-warns\/","url_meta":{"origin":59490,"position":4},"title":"Four in 10 UK first-time buyers will retire with mortgages, FCA warns","date":"January 11, 2019","format":false,"excerpt":"\r Loans lasting up to 40 years can leave buyers unable to save for pension, say regulatorsFirst-time buyers are taking out jumbo loans on longer terms that will leave four in 10 borrowers paying off their mortgage well into retirement, regulators have warned.The Financial Conduct Authority (FCA) found that 40%\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59554,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mps-and-charities-urge-car-leasers-to-publish-sub-prime-loan-figures\/","url_meta":{"origin":59490,"position":5},"title":"MPs and charities urge car leasers to publish sub-prime loan figures","date":"July 2, 2017","format":false,"excerpt":"\r Fears over lending grow as 85% of new cars are financed using loans but car leasing lacks industry-wide figures for arrears and defaultsMPs and debt charities have called on the car leasing industry to reveal the number of people in arrears and defaulting on loans, amid fears that consumer\u2026","rel":"","context":"In &quot;Property 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