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Legal, Regulation & Compliance

12/12/2023

UK Pensions - Abolition of the lifetime allowance confirmed for 6 April 2024: what should trustees and employers be thinking about?

The Government has now published the Finance Bill, which includes over 100 pages of legislation to repeal the provisions of the Finance Act 2004 relating to the lifetime allowance.

12/12/2023

Bank of England sets out 'near-final' plans to tighten capital rules for UK banks

Basel 3.1 reforms

12/11/2023

Concerted effort needed on advice/guidance to extend help to more people

The introduction of pension freedoms in 2015 also put greater onus on the individual to make critical decisions about their retirement funds, making the need for easily accessible help even greater.

12/11/2023

Moneyhub granted Credit Information Services permissions by the Financial Conduct Authority

Over 150m people have access to Moneyhub’s technology through their partners

12/08/2023

FCA sets out new rules to maintain access to cash in increasingly digital world

These assessments need to take into account local factors such as demographics and transport. Where firms identify gaps, they will need to act to address these needs.

12/08/2023

Holborn Assets under investigation by FSCS

Alongside another advice firm

12/08/2023

FCA slams financial promotion exemptions for HNW individuals

Regulator says the exemptions result in consumer harm

12/08/2023

Sector welcomes advice guidance proposals

The proposals come following the FCA and the government’s joint advice guidance boundary review.

12/08/2023

London Capital & Finance scars raise risk concerns over LTAFs among MPs

Review of Edinburgh Reforms a year on

12/08/2023

Consistency, not speed is more important to save the City from stagnation

Many of the changes badged as Edinburgh Reforms were already in progress, but newly packaged under one heading.

12/08/2023

FCA admits targeted support proposal may advantage larger firms

This morning the regulator published proposals for reforming the advice-guidance boundary.

12/07/2023

Scammers looking to exploit financial stress at Christmas, FCA warns

With financial pressure building and more looking to borrow, the FCA is concerned stretched households could be vulnerable to loan fee fraud.

12/07/2023

FCA publishes update on the cash savings market

Deposits held in fixed-term and notice accounts increased by £17bn.

12/07/2023

FCA decides not to take action against Blackmore Bond promoters

Blackmore Bond was set up in 2016 and, until 2018, ran an investment scheme where potential clients were offered mini-bonds with an attractive level of interest.

12/06/2023

FCA to require investment advisers to set aside funds for redress liabilities

The proposals require firms to quantify an overall amount for all the potential redress liabilities they have identified, and to set aside sufficient capital resources to cover these liabilities.

12/06/2023

British Steel-linked advice firm goes under FSCS investigation

Inspirational Financial Management entered administration in November

12/06/2023

SFO confiscates over £450,000 from CEO and a senior executive behind global finance fraud

The SFO’s investigation into Louise Worsell is ongoing.

12/05/2023

FCA seeks views on regulatory approach for overseas funds

The regime supports the existing global operating model of asset managers, facilitates greater consumer choice, while also maintaining existing high standards.

12/05/2023

Commission approves re-introduction of market conform asset protection scheme for banks in Greece

The scheme aims at assisting banks in securitising and moving non-performing loans off their balance sheets.

12/05/2023

Nucleus Wrap customers to benefit from another cut to standard platform charge

The rate cut is effective from 1 December and is the second major investment in reducing price for customers in the last 18 months.

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