01/17/2023
VCTA calls for more clarity on sunset clause postponement
VCTA chair Will Fraser-Allen told Money Marketing: “What we need to do now is to work with the Treasury.@
Legal, Regulation & Compliance
01/17/2023
Advice firm Better Retirement Group fails with the FSCS
Before the investigation, 17 cases received by the Financial Ombudsman Service had been upheld against Better Retirement Group last year.
01/16/2023
The HR and employment issues that will shape the UK workplace in 2023
If this process results in a rolling back of employment legislation, HR will be considering whether to retain policies or whether to leverage greater flexibility.
01/16/2023
FCA whistleblowing data shows reporting up 14%
The number of allegations reported saw a significant increase, jumping by 55 per cent.
01/13/2023
Three tips for struggling borrowers as FCA predicts 750,000 risk defaulting on mortgages
If lots of repossessions take place at the same time, this will mean a slew of properties come to market, driving up supply while demand lags, and this will push down house prices.
01/13/2023
Top EU court upholds annulled fine for HSBC over cartel activity
HSBC appealed the fine to the EU General Court, the bloc's second highest court, and successfully argued in 2019 that the basis for calculating the fine was flawed.
01/13/2023
HMRC to impose controls on tax repayment agents
HMRC has published its finalised policy on enforcing higher standards on tax advisors, including reforms to the currently unregulated repayment agent sector.
01/13/2023
ECB says consumer inflation expectations have eased
Expectations for economic growth for the next 12 months improved to -2 per cent from -2.6 per cent.
01/13/2023
NFT infringes trade mark rights – Italian Court grants preliminary injunction in Juventus case
Therefore, the Court rejected all Blockeras’ arguments of non-infringement and found the NFT CARDS to be an unauthorised and infringing reproduction of the football club’s trade marks.
01/12/2023
First year of new pension transfer regulations marred by ongoing issues
During the first year of the regulations, MaPS has seen huge growth in the number of people requiring guidance appointments and it is positive that so many people may have been saved from fraudsters.
01/12/2023
Financial watchdog consults about protections for insurance customers in financial difficulty
FCA rules also mean that firms must make sure the information they provide customers is fair, clear and not misleading, so customers can make informed decisions.
01/12/2023
FSCS expenses budget rises by 5% despite claims reduction
In a budget update announced today (12 January), FSCS chief executive Caroline Rainbird said the proposed management expenses budget is to help it meets running costs due to rising inflation.
01/11/2023
FCA fines Guaranty Trust Bank (UK) Limited £7.6 million for further failures in its anti-money laundering systems and controls
The bank also failed to monitor customer transactions and business relationships to the required standard.
01/11/2023
Addleshaw Goddard: Financial Services & Banking News
The PRA also expects to complete its assessment of any outstanding branches within the temporary permissions regime and will set out its proposed supervisory approach to branches.
01/11/2023
FCA penalises Al Rayan Bank for anti-money laundering failures
The firm failed to adequately check its customers’ Source of Wealth and Source of Funds
01/11/2023
FCA consults on protection for customers in financial difficulty
The FCA said the consultation is seeking to introduce “insurance guidance that applies to all customers in financial difficulty”.
01/10/2023
FCA: ‘Cost of living important context for the consumer duty’
There are four in total: the products and services outcome, the price and value outcome, the consumer support outcome and the consumer understanding outcome.
01/10/2023
PFS member director hits back at CII allegations
There is clear evidence through publications, documentation and statements issued by the CII that there is a lack of understanding from the CII regarding the evolution of financial planning," Barnes said.
01/10/2023
Real estate investors should look at student accommodation amidst economic headwinds
The pandemic forced a shift to remote working – a change that many workers have considered beneficial to their work-life balance.
01/10/2023
Highvern Ireland gains approval for fund administration services
Highvern launched its Irish business in Dublin last January, adding to the group's presence in the Cayman Islands, Guernsey, Jersey, the UK and Switzerland.