Baillie Gifford has been named Best Fund House in the 2020 Morningstar UK Fund Awards.

Just before Christmas I suggested that the FCA needed a new direction post-Bailey. It may already have found one although it is clearly not the direction everyone wants.

The 40,000-member Personal Financial Society, which represents most of the UK’s Financial Planners, has questioned the FCA’s 5 year plan to become a ‘data-driven’ regulator.

Greater automation of data collection and intervention based on data analysis will become two of the key drivers of the FCA’s regulatory strategy over the next five years, the watchdog said today.