03/14/2018
Ombudsman sides with Old Mutual over death benefits claim
On 20 August 2013, the trustee wrote to Mrs Y to explain it had decided to pay benefits on the basis of one third to her and one third to each of Mr Y’s children.
Legal, Regulation & Compliance
03/13/2018
With U.K. Banks Hit by Scandal, Regulator Demands Ethics Change
Financial Conduct Authority issues bank culture report
03/13/2018
Basel Committee publishes follow-up reports on Basel III implementation assessments
The reports, which have not been reviewed or evaluated by the Basel Committee, outline the actions a jurisdiction has already taken or has planned.
03/13/2018
Central bank digital currencies could impact payments, monetary policy and financial stability
"Central bank digital currencies could help make settling trades of securities and foreign exchange more efficient in the future."
03/13/2018
Brexit threatens to undo Mifid II dark pool rules
London and Brussels cannot look to the EU-Swiss deal for comfort
03/12/2018
High Court approves Barclays ringfencing plan
Pension scheme members had expressed fears new bank structure would have adverse effect
03/12/2018
Central banks told to think twice before boarding Bitcoin bandwagon
The report looks at the possible impact of a “wholesale” digital currency only for a limited audience like banks, and a “retail” version for all.
03/12/2018
Law firm launches new strategic advisory business
The business is based in London but has a global mandate and will operate as an appointed representative of Daedalus Partners LLP for FCA regulatory purposes.
03/12/2018
Club for world's super rich to open Swiss advice exchange
A dozen individuals will gather once a month to discuss investment strategies and trade advice on issues ranging from wealth preservation and estate planning to family dynamics, tax and philanthropy, Sarasin said.
03/11/2018
Investors misled by ‘cuckoo in nest’ funds
The City regulator has rapped ‘closet trackers’ that do little to earn their large fees
03/09/2018
Transfers of Money Purchase Pension Rights: Regulatory Amendments
This is of course a slightly simplistic view, as in any bulk transfer scenario, there will be a number of factors which trustees have to take into consideration - it is not simply a matter of meeting the regulatory requirements.
03/09/2018
Major financial industry players join OpenFin FDC3 initiative
The financial industry is powered by thousands of desktop applications for trading, market data, order management, analytics and productivity.
03/09/2018
Anthony Collins Solicitors named big winners at 2018 Legal Awards
Practice takes home four awards at Birmingham Law Society's annual celebration of the city's legal sector
03/09/2018
Brussels sharpens focus on ‘sustainable’ investment
Asset managers may soon be forced to consider environmental factors when picking stocks
03/09/2018
Offshore law firm reaches century milestone for London Stock Exchange clients
The Corporate Advisers Ranking Guide also confirmed that Carey Olsen has maintained its long-standing position as the leading offshore legal adviser for AIM-listed clients
03/09/2018
The Bulgarian competition watchdog to launch sector analysis of the banking industry
The CPC carried out a preliminary overview of publicly available information on current interest rates, fees and commissions applied by ABB members
03/09/2018
FBI operation delayed shutdown of defunct British DFM
The actions by the UK watchdog likely resulted in clients continuing to transact with Beaufort, putting their money and assets at risk.
03/08/2018
Jersey: The Capacity And Self Determination (Jersey) Law
It provides a framework that will give people the opportunity to make their own decisions in respect of medical treatment insofar as possible, including advance decisions to refuse treatment.
03/08/2018
Post-Brexit UK financial markets 'offer' for Gibraltar
Gibraltar fears Spain could use this veto to force talks about the Rock's constitutional future.
03/08/2018
Linklaters launches HeForShe initiative to accelerate progress towards gender equality
Male leaders and partners will be joining the UN’s movement, making bold commitments to achieve gender equality in the firm’s global network.