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View all Representation →Consultations- Digitisation Taskforce – Final Report
- FCA Consults on Fund Product Information and Cost Disclosure CP24/30 – ShareSoc Responds
- FRC Consults on UK Stewardship Code – ShareSoc Responds
- FCA Consultation – Modernising Redress
- HMRC Consultation – IHT on Pensions
- ShareSoc Evidence to Lords on FCA Enforcement
- ShareSoc supports FCA proposal for criminal background checks on owners and controllers of financial institutions
- UK ISA: ShareSoc submits consultation response
- FCA Consultation on Enforcement Practice & Transparency
- ShareSoc response to House of Commons Education Select Committee
- UKSA and ShareSoc Submission to Labour Party Review of Financial Services
- FCA Consultation GC23/2 Financial Promotions on Social Media
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Latest Blogs
What’s the best way to teach children about financial literacy?
Post Date: October 19, 2021
The following article represents the personal views of Cliff Weight and not necessarily those of ShareSoc.
I saw this interesting article in the FT: We need people to know the ABC of finance: facing up to the financial literacy crisis.
The article showed data on Responses to financial literacy questions around the world. An example: If you had $100 in a savings account and the annual interest rate was 2%, how much would be in the account after 5 years, more than $102, ...
ISS announce pay issues survey results
Post Date: October 14, 2021
This article represents the view of its author and not necessarily those of ShareSoc
The issue of skin in the game and executive pay and how this impacts future share price (and dividends) performance is a crucial one. My favourite quote is from Charlie Munger "you show me the incentives and I will show you the behaviours".
So when leading proxy advisor firm ISS announce their plans for next year, it is well worth looking at them. Please note these are their US ...
Closet Indexing – Update
Post Date: October 14, 2021
This is a personal blog by ShareSoc Director Cliff Weight and does not necessarily represent the views of ShareSoc.
I have been concerned about Closet Indexing for some time. As have many others, eg
https://www.sharesoc.org/blog/general-news/closet-index-trackers-are-you-paying-over-the-odds/
https://www.sharesoc.org/blog/general-news/closet-index-trackers-investigations-in-progress/
https://www.sharesoc.org/blog/collective-investments/closet-indexing/
I met with executives from the FCA on 26 July to discuss our concerns. I have also had several conversations with David Rankin from Punter Southall. The latest news is that Harcus Parker have now starting gathering claimants for a class action against Scottish Widows. They have said-
Harcus Parker ...
Redcentric Shareholders to Get Their Day in Court
Post Date: October 10, 2021
This article represents the views of its author, not necessarily those of ShareSoc.
Four years after defects in the published accounts of Redcentric plc (RCN) came to light, a trial of those accused of false accounting and other offences is finally to take place. Law360 reports:
...Fraser Fisher, former chief executive of Redcentric PLC, and the company's ex-chief financial officer, Timothy Coleman, denied charges that they had falsified financial documents and lied to an auditor between 2015 and 2016 when they appeared at ...
City of London Investment Trust Annual Report
Post Date: October 4, 2021
I have been reading the City of London Investment Trust (CTY) annual report in advance of their AGM on the 28th of October. This is one of my oldest shareholdings – first purchased in 2011 with an annual total return since of 11.5% p.a. according to Sharescope. Historically it has been a good performer, if somewhat boring. That’s OK but last year was a disappointing one. Has Job Curtis, the long-time manager, lost his touch?
Last year the trust supplied a share ...
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