04/11/2024
Prudential Regulation Authority Business Plan 2024/25
The 2024/25 Business Plan sets out the workplan for each of the PRA’s strategic priorities, together with an overview of the PRA’s budget for 2024/25.
Legal, Regulation & Compliance
04/10/2024
FCA publishes finalised guidance on social media and financial promotions
The FCA has repeated its guidance that financial promotions must be standalone compliant, irrelevant of the media used
04/10/2024
The Rise of Private Equity in UK Real Estate
As a business we are increasingly seeing the positive role private equity can play on a soft market and the London office market is a natural target.
04/10/2024
Scottish Widows improves controls after £14k cheque sent to wrong client
Scottish Widows was contacted by the company owner once again to flag his company did not have a policy with the provider and was sent the cheque by mistake.
04/10/2024
New way of paying for investment research proposed by the financial regulator
Now the FCA has proposed giving asset managers greater freedom in how they pay for research, supporting their investment decisions.
04/09/2024
IMF warns $2trn 'opaque' private credit sector could amplify financial vulnerabilities
Concerns over semi-liquid fund growth
04/08/2024
Santander product changes ‘step in the right direction’
Albion Financial Advice director, Dariusz Karpowicz said raising LTV limits on large loans and tweaking its affordability calculator showed a keenness to lend more freely.
04/05/2024
The UK payments landscape: 2024 and beyond
This review considers the digital payments landscape and provides recommendations to the Government with regards to the future of payments in the UK.
04/05/2024
FCA secures £1.6m for investors from alleged unlawful investment schemes
The settlement agreed by the FCA was intended to prevent all of AWL/Mr Willis’ remaining assets from being used up to meet the ongoing legal and living costs.
04/05/2024
The latest changes impacting employers with UK employees
The changes are designed to encourage employers to take a proactive approach to preventing sexual harassment in the workplace.
04/05/2024
FCA to reclaim £1.6m for investors in unlawful investment scheme
Argento Wealth and Daniel Willis
04/05/2024
Eight-in-ten UK executives plan price hikes before 2026
Now, the country’s energy price cap is set to fall by 12.3% as it enters the second quarter of 2024 – and it could fall further later in the year.
04/05/2024
HMRC advises delaying taking benefits until LTA rules fixed
The legislation to abolish the lifetime allowance was being pushed through in quick timescales
04/05/2024
Major changes for UK GAAP
Amendments will affect both micro-entities adopting FRS 105
04/05/2024
AML within wealth and asset management – major questions resolved
AI streamlines the detection of irregularities, not only bolstering a firm’s efforts in thwarting financial crimes but also significantly enhancing operational efficiency.
04/04/2024
PKB Privatbank SA convicted for corporate liability in connection with aggravated money laundering
The same bank official ensured maximum flexibility for the ODEBRECHT client
04/04/2024
FOS expects to receive 210,000 complaints in 2024/25
In order to combat the increased workload, the FOS will be recruiting more handlers.
04/04/2024
CS downfall: Finma's letter to the court infuriates investors
A letter from the authority has now been leaked to the media.
04/04/2024
CBAM boss: The FCA presumes bespoke is costly but it’s not
While some wealth managers choose to focus on their MPS teams, Close Brothers CEO Eddy Reynolds believes bespoke can work for clients and advisers.
04/03/2024
SO FX Ltd in creditors’ voluntary liquidation
SO FX Ltd entered into a creditors’ voluntary liquidation on 25 November 2021 and Evelyn Partners was appointed as liquidator.