07/14/2025
PensionBee calls for legally mandated 10-day pension switch guarantee
This comes as Pension switching has been labelled the second most difficult life admin task after moving house.
Legal, Regulation & Compliance
07/14/2025
EU doing more than UK to help Briton detained in Dubai, says family
Bloc passes resolution calling for release of Ryan Cornelius, who was convicted of bank fraud
07/14/2025
Andrew Bailey cautions banks against issuing their own stablecoins
Stablecoins are proposed to have the characteristics of money.
07/11/2025
Nikko AM Group successfully completes management company transfer to Apex Group
Nikko AM Group offers active investment management across Equity, Fixed Income, and Multi-Asset strategies
07/11/2025
FCA closes 1,600 websites as it fights financial crime
This has helped the regulator in its work to block fraud at source.
07/11/2025
FCA to modernise rules to unlock investment
The reform will build on 10 initiatives the FCA has already delivered since January to support growth, with around 50 to be completed by the end of the year.
07/11/2025
Deutsche Börse to return banking licences in regulatory shake-up
Germany’s biggest exchange operator pushes for more efficiency
07/11/2025
Climate change is growing concern for UK economy, warns BoE
She gave the example of UK food prices being affected by extreme weather events as one area of price stability that is being impacted.
07/10/2025
Prudential Regulation Authority announces review of the Loan to Income (LTI) flow limit rule and offers interim modification by consent
Following the FPC’s recommendation, the PRA is reviewing the loan-to-income ratio requirements and is offering a modification by consent to disapply the relevant part of the PRA Rulebook while the review is ongoing.
07/10/2025
Mansion House speech could see chancellor outline series of reforms to pensions, ISAs and financial services industry
The address is expected to outline the next phase of the government’s Pensions Review, focusing on the adequacy of retirement savings across state, workplace, and personal provisions.
07/10/2025
BoE governor opposes pension investment mandate in blow to government plans
While the Government has described the power as a “backstop” it hopes not to use, the clause is seen as a means of putting pressure on schemes to follow voluntary investment targets.
07/09/2025
FCA fines Monzo £21m for failings in financial crime controls
In particular, Monzo failed to design, implement and maintain adequate customer onboarding, customer risk assessment and transaction monitoring systems to mitigate the risk of financial crime.
07/09/2025
The EBA launches consultation on its draft Guidelines on third-party risk management with regard to non-ICT related services
The draft Guidelines provide specific criteria for the application of the proportionality principle.
07/08/2025
Workers in line for £29,000 boost thanks to landmark Pensions Bill
The Bill is set to transform the pensions landscape for years to come and put more money in people’s pockets as part of the Plan for Change
07/08/2025
Nordea Reaches Milestone in Switzerland
The Finma license is a key step toward our growth ambitions in Switzerland.
07/07/2025
Two individuals sentenced to a combined 12 years for £1.5m crypto fraud
Confiscation proceedings are continuing to recover the benefit from the crimes of both defendants.
07/07/2025
Redinel Korfuzi and Oerta Korfuzi sentenced to combined 11 years for £1m insider dealing and money laundering
FCA investigators also uncovered an international money laundering operation.
07/07/2025
Chancellor’s National Wealth Fund investment in major carbon capture project to boost 3,500 jobs
Thousands of jobs could be created across Derbyshire, Staffordshire and the North West thanks to a £28.6 million National Wealth Fund investment in a major carbon capture project, the Chancellor has announced today, Monday 7 July.
07/07/2025
Ex-Janus Henderson analyst and sister jailed for £1m insider trading
Within minutes of accessing the information, he traded in the affected stocks using multiple accounts, including those operated by his sister.
07/04/2025
Solvency-triggered termination rights clauses in bulk purchase annuity transactions
The clauses could bring inherent risks to insurers’ balance sheets which would need to be managed concurrently in a period of stress.