09/15/2023
Why the FCA could be restricting Raymond James
Dodgy tech systems, concerns over suitability, scrutiny over client cash controls, and anxiety over Raymond James’s ‘flexible’ model may have fed into the FCA’s restrictions.
Legal, Regulation & Compliance
09/15/2023
Three UK financial advice firms fail
FSCS has received seven claims so far against the companies
09/15/2023
Scottish advice firm Crosbie Carr Morris declared failed
The Financial Services Compensation Scheme issued notice yesterday
09/15/2023
Lehman bankruptcy 15 years on
What have we learned?
09/14/2023
FCA bans Keith Dickinson and Andrew Allen for British Steel Pension Scheme advice failings, with £155k to be paid in compensation
The FSCS has so far paid out almost £3 million in compensation to Mansion Park customers for the unsuitable advice they received, including over £2 million for advice provided by Mr Dickinson.
09/14/2023
FCA 'disappointed' by poor advice given by lifetime mortgage advisers
The review focused on the complex equity release market, catered to older homeowners who want to free up money tied up in their homes to help meet later life needs.
09/13/2023
New screening checks required to approve financial adverts
Previously, any firm authorised by the FCA could approve promotions on behalf of firms unregulated by the FCA.
09/13/2023
Nic Cicutti: It’s time the FCA stopped failing whistleblowers
This is more than a wasted opportunity — consumers are left short and their confidence is damaged, which harms the market
09/13/2023
Bank of England poised to hike rates again despite UK economic woes
0.5% decline in GDP in July
09/13/2023
Retained EU law in the UK after Brexit
Thousands of amendments to that retained EU law also entered into force at the same time, so that the UK statute book was still operational in an independent legal system divorced from the EU.
09/13/2023
German ministry begins 5G network component security review
The review will consider the use of components from ‘high risk’ suppliers, as classified by the European Commission in June 2023.
09/12/2023
Societe Generale and Brookfield partner to launch a EUR 10 billion private debt fund
The seed fund will focus on two strategies
09/12/2023
Spanish court rejects appeals to suspend banking tax payments
According to El Economista, the court reasoned that the banks would be able to recover the amount paid plus interest
09/12/2023
Crispin Odey removed as person with significant control of Odey AM
Companies House filings
09/12/2023
SJP partner firm blames 'copywriting error' for faulty tax guide
The guide said that parents could transfer assets to their child and benefit from their tax allowances.
09/12/2023
Carey Olsen pair named NextGen Leaders by eprivateclient
The NextGen Leaders list, which replaces eprivateclient's prestigious annual UK and UK Crown Dependencies Top 35 Under 35, recognises outstanding professionals working in the legal and finance sectors
09/11/2023
Barclays, Santander, Lloyds and Nationwide account customers issued warning
So if customers hold off making any big decisions it will make home ownership more affordable.
09/08/2023
Woodford investors could get £200m compensation in early 2024
Link Fund Solutions lays out the timetable for a final compensation programme for investors trapped in the Woodford Equity Income, subject to a likely December vote.
09/08/2023
Government struggles to boost productivity as over 50’s ‘back to work’ push yields lacklustre results
Just this week the government came under fire for its new plans to drive more people claiming sickness benefits back to work through a more stringent assessment process.
09/08/2023
Linklaters innovation efforts shortlisted at FT Europe Innovative Lawyer Awards 2023
The firm has also been shortlisted alongside its collaborators for the “Rule 39 Initiative