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Gaudi Regulated Services Limited in administration

Gaudi Regulated Services Limited (Gaudi), is a self-invested personal pension (SIPP) operator authorised and regulated by the FCA. We set out the steps Gaudi clients should take and advice on how to protect against scams. What has happened to my Gaudi pension? On 25 April 2023, Gaudi sold its pension business to Platform One Limited...

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Moneysmart helps Australians manage the rising cost of living

Key points Australians are turning to Moneysmart to help manage their money, with over 3.2 million visiting Moneysmart so far this year. ASIC encourages all Australians to engage with their finances and research their options, so they can make informed financial decisions. Many Australians are feeling the pinch with their personal finances. High inflation and...

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City Week: how regulation can help the UK lead in Fintech

Highlights Regulators can help firms innovate by setting firm foundations on which they can grow. The sooner firms get a handle on regulatory issues, the sooner they can thrive and grow. The FCA has helped firms foster innovation through our Sandboxes, Innovation Pathways and Early and High Growth Oversight schemes. The UK remains the most...

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Moneysmart helps Australians manage the rising cost of living

Key points Australians are turning to Moneysmart to help manage their money, with over 3.2 million visiting Moneysmart so far this year. ASIC encourages all Australians to engage with their finances and research their options, so they can make informed financial decisions. Many Australians are feeling the pinch with their personal finances. High inflation and...

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ESAs call for vigilance in the face of mounting financial risks

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today issued their Spring 2023 Joint Committee Report on risks and vulnerabilities in the EU financial system. While noting that EU financial markets remained broadly stable despite the challenging macro environment and recent market pressure in the banking sector, the three Authorities are calling...

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Over 140,000 EEA issuers and instruments rated by CRAs

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today published its report on the European Union (EU) Credit Ratings market, providing for the first time a cross-market view of credit ratings reported to the EU. ESMA finds that there were 823,400 credit ratings at the end of 2022. These...

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Former Queensland financial adviser Brett Gordon sentenced to six years imprisonment

Former Sunshine Coast financial adviser, Brett Gordon has appeared before the Maroochydore District Court and entered pleas of guilty to nine counts of fraud totalling $652,500. Mr Gordon was sentenced to six years imprisonment with eligibility for parole after one and a half years. Mr Gordon was a director and financial adviser of his financial...

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Michael Dunjey’s Ascent Investment and Coaching Pty Ltd ordered into liquidation

The Federal Court has ordered that Ascent Investment and Coaching Pty Ltd (Ascent) be wound up on just and equitable grounds, together with the managed investment scheme operated by Ascent. The orders follow freezing orders obtained by ASIC against Ascent and its director, Michael Dunjey, in December 2021 (21-352MR) and ASIC’s application to wind up...

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FCA sets out recommendations for LDI managers

The FCA has published a series of recommendations for asset managers designed to increase resilience of Liability Driven Investment (LDI) funds. Following the recommendations set out recently by the Bank of England’s Financial Policy committee, the FCA has set out guidance around risk management and operational arrangements for LDI managers so that they can address...