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ARTICLE · 26 NOVEMBER 2025

Investment Management Update - November 2025

Macfarlanes LLP
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This publication has been tailored to highlight topical news, cases and changes in the law impacting the investment management sector.

United KingdomStrategy
Lora Froud
Lora Froud
Michael Sholem
Michael Sholem
Rachel Serene
Rachel Serene
Alexandra Green
Alexandra Green

Welcome to the latest edition of our investment management update.

This publication has been tailored to highlight topical news, cases and changes in the law impacting the investment management sector.

UK

  • Consolidation review: On 31 October 2025, the FCA published its findings from its consolidation review of firms in the advice and wealth management sector. The FCA focused in particular on the following aspects: the use of debt to finance acquisitions; group risk management; approach to consolidation; acquisition and integration approaches; governance and resourcing and conflicts management. The FCA identifies best practice as including:
    • groups with a clear structure, strong governance and risk management processes as better able to deliver good outcomes for clients;

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