03/10/2023
Hargreaves Lansdown removes fees on Junior and Lifetime Isas
This applies to all Lifetime Isa accounts and is a permanent change.
Legal, Regulation & Compliance
03/09/2023
‘Failure to prevent economic crime’ duty proposed for UK regulators
Its aims would also be to provide information and advice on whistleblowing, and to act on evidence of detriment to the whistleblower according to any guidance the secretary of state sets out in regulations.
03/09/2023
Bank of England, FCA, PRA and PSR conduct 2022 review of Memorandum of Understanding for payment systems in the UK
Senior representatives from the BoE, FCA, PRA and PSR have considered whether cooperation pursuant to the MoU is working well.
03/09/2023
Treasury announces Mifid II investment research review
City minister Andrew Griffith will announce the review today in a speech at a FIX trading event.
03/09/2023
Central bank chiefs toughen rhetoric against inflation
Powell and Lagarde speak
03/08/2023
Bank CRO’s can boost resilience and build operational efficiencies – takeaways from McKinsey’s CRO survey
At Wolters Kluwer we have long preached the need for a holistic, integrated, institution-wide approach to risk management and the benefits it brings to banks.
03/08/2023
How to bridge the valuation gap in Ireland’s thriving PE market
Challenges to deal-making remain, though – including how to reconcile the different valuations would-be sellers and buyers are placing on target companies.
03/08/2023
Morningstar asks Praemium staff to work longer hours for same pay
They said employees are concerned that they will be worse off in a difficult financial climate with the increasing cost of living.
03/08/2023
Financial Services and Banking News
The Bank is repeating its resolvability assessment of the major UK firms
03/07/2023
£400m wealth management firm accelerates national expansion via new partnership
At the heart of the partnership is ThinCats’ ability to provide MWA with access to its pool of transitional debt capital, which provides existing IFAs with a “distinctive and attractive” alternative to the large number of consolidators i
03/07/2023
Addleshaw Goddard: Financial Services & Banking News
The inquiry coincides with the 25th anniversary of the Bank of England Act 1998, which gave the Bank independence, and will examine how operational independence is working.
03/07/2023
Linklaters acts for joint lead managers of record Luxembourg sovereign bond issue
The bonds are listed on the regulated market of the Luxembourg Stock Exchange.
03/07/2023
Two individuals face FCA fines for ‘flawed’ DB transfer advice
Both partners held approved person status at their firm.
03/07/2023
Millions released from dormant accounts to support vulnerable people with cost of living
£76 million tied up in forgotten accounts to be used to support people to get out of debt and assist social enterprises with innovative energy saving solutions.
03/06/2023
UK trade body for investment management joins IOSCO
IOSCO develops, implements and promotes adherence to internationally recognised standards for securities regulation.
03/06/2023
German banks accused of short-changing savers with low rates
CIO David Herro questions ‘future of franchise’ after years of scandal and client exodus as shares hit new low
03/06/2023
ECB’s first chief economist says bank acted too late on inflation
Pioneer of single currency warns of further 'shocks’
03/06/2023
Personal Injury Claims in Jersey
It used to be the case that if you lost your case, you would usually be liable to pay the defendant’s costs.
03/03/2023
Implied terms and unjust enrichment: silence in court
The High Court held that Mr Barton was not entitled to anything as there was no contractual obligation on Foxpace to pay him if the property sold for less than £6.5 million.
03/03/2023
Addleshaw Goddard: Financial Services & Banking News
The guidelines set out in this consultation provide overarching guidance for global and domestic market practices