In a move that reads like a page from a particularly cheeky novel, the UK’s FCA decides to give a wink and a nod to the wealthy by letting those with a cool £10 million stash opt out of the usual consumer safeguards. Apparently, even regulators need a little luxury now and then.
Gone are the days of heavy EU-inspired disclosures-those quaint little mandates now just a distant memory. Instead, they’re rolling out something called Consumer Composite Investments, because who doesn’t love a fancy name that sounds like a Swiss watch? Starting June 2027, fund managers, trusts, and those mysterious unit-linked policies will have a shiny new framework-more transparency, less mumbling about risks. Or so they say.
About 12.5 million Brits holding these colourful investment toys will see the rules get a bit clearer, with simpler cost disclosures and a less confusing dance between risk and reward. Because if anything screams consumer protection, it’s making things more straightforward-at least for those with enough cash to buy a small island.
And the professional client badges are getting a makeover too. The FCA has decided that folks with £10 million in cash can now sleep a little easier knowing they’re not bound by the usual consumer duty rules. They’re also waving goodbye to the old “quantitative” trading test-because who needs bureaucracy when you can just buy your way out?
So, pour a cup of tea, lean back, and enjoy the spectacle. Who knew regulation could come with such a dramatic plot twist? 💸🤷♂️
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2025-12-10 14:28