11/28/2022
Some BSPS members to receive redress calculation by end of 2023
We’re working to get the scheme in place quickly to end uncertainty for members
Legal, Regulation & Compliance
11/28/2022
FSCS declares advice firm in default
It confirmed the claim was not linked to the British Steel Pension Scheme.
11/28/2022
Planning measures can supercharge retirement living development
UK government could make some relatively modest but transformative policy changes to the National Planning Policy Framework (NPPF).
11/28/2022
German police raid Deutsche Bank in 'Panama Papers' probe
The latest raid was a new blow to the financial institution that has been hammered by a string of scandals linked to its pre-2008 crisis attempts to compete with Wall Street investment banking giants.
11/25/2022
EBA publishes guidelines on remote customer onboarding
The Guidelines apply to all credit and financial institutions that are within the scope of the Anti-money Laundering Directive (AMLD).
11/25/2022
Delivering legacy life insurance and pension product simplification
The advent of auto-enrolment, ‘Freedom & Choice’ and the regulatory focus on customer outcomes are new challenges facing pension firms.
11/25/2022
Addleshaw Goddard: Financial Services & Banking News
The potential of data: firms are still mainly focusing their data collection efforts on the gender and ethnicity of their staff with less than a fifth of large firms collecting data on the socio-economic background of their staff.
11/25/2022
UK and Singapore deepen collaboration in FinTech and strengthen financial cooperation
HM Treasury and Monetary Authority of Singapore joint statement on the seventh meeting of the UK-Singapore Financial Dialogue.
11/25/2022
How can UK or US courts protect your business from a ransomware or cyber-attack?
Anonymity was granted not only because the business was a victim of blackmail but because of the risk posed by the malicious use that its information could be put to in the wrong hands.
11/25/2022
Businesses must mitigate risks despite currently benign UK climate litigation landscape
Greenwashing actions under sections 90 and particularly 90A of the Financial Services and Markets Act 2002 (FSMA), for example, are expected to be an area for further claims and legal developments.
11/25/2022
Infrastructure companies’ corporate governance can be improved with TCFD compliance
Good corporate governance practices are essential for businesses seeking to respond to the challenges posed by climate change and the transition to a net zero economy.
11/25/2022
Are you overlooking duty of care with trustee clients?
The rules and regulations governing trustees are laid out for them in the trust deed and the Trustee Acts 1925 and 2000, and the type of trust and the trust property will determine their reporting requirements each year.
11/24/2022
PFS creates Consumer Duty guide for advisers
To help IFAs understand the FCA’s expectations for the incoming regulation
11/24/2022
Pensions disputes: Ombudsman relies on telephone recordings to make determination
During the telephone calls between Mr A and the provider, the provider strongly recommended that Mr A seek financial advice to inform his decision.
11/24/2022
Government U-turns on regulation call in power
Statement from the Treasury
11/24/2022
Government under fresh pressure to keep EU rules
Retained EU Law Bill
11/23/2022
Non-EU businesses should prepare for new EU rules on sustainability reporting
As a result, more and more countries have started to introduce national legislation in respect of how companies should conduct business to comply with human rights and reduce their impact on the environment.
11/23/2022
Addleshaw Goddard: Financial Services & Banking News
Consistent with their respective objectives, the FCA, the Bank of England and other relevant financial regulators and government departments will sit as active observers to this group.
11/22/2022
The EU Digital Services Act and the Article 6 hosting exemption
Isaac Bedi and David Varney consider the relationship between the exemptions from liability for ISPs and the notification requirements under the new DSA
11/22/2022
How UK and EU strong customer authentication rules differ
In recent months clear differences have begun to emerge between the two as authorities in the UK and EU have begun to update their respective SCA requirements.