10/24/2022
Firefighters receive £3,750 govt payout over pensions
Under the new scheme, firefighters would not be able to retire before reaching the age of 60.
Legal, Regulation & Compliance
10/21/2022
High Praise for Appleby in 2023 Edition of Chambers UK
The directory recognises 15 Appleby lawyers from the Group’s Guernsey, Isle of Man and Jersey offices.
10/21/2022
Nordea Asset Management seeking licence to open investment hub in Singapore
The €248bn ($243bn) Nordic money manager is in the final stages of applying for a fund management licence with MAS, hoping to open shop in 2023.
10/21/2022
FCA begins criminal proceedings against five individuals involved with Worthington Group plc
They are all alleged to have been involved in running the company.
10/21/2022
Energy efficiency: MAIF and the European Investment Fund backed by InvestEU join forces with the launch of the F2E Fund managed by Sienna Private Credit
It targets the support of projects in various fields such as energy performance, self-consumption, storage, or even low-carbon mobility.
10/21/2022
Withers recognized as a leading firm across 14 practice areas in latest Chambers and Partners UK guide
Our expertise and the service we provide to UK clients has, once again, been recognised in the latest set of rankings and reviews
10/21/2022
The UK’s register of overseas entities: what IPs and receivers need to know
Overseas entities with a “relevant interest” in UK land must register the identity of their beneficial owners on the ROE before 1 February 2023 and keep the register up to date.
10/21/2022
The National Security & Investment Act: sanctions and the implications for restructuring
Now the regime has been in operation for over six months, there are a number of lessons that have been learned, as well as some continuing questions as to its effect on restructuring.
10/21/2022
Link Fund Solutions up for sale amid FCA fine over Woodford
The news comes a month after a potential takeover of Link Group, including Link Fund Solutions, collapsed.
10/20/2022
Governance of “Decentralised” Finance: Get up, Stand up! − speech by Carolyn Wilkins
Given at UCL Centre for Blockchain Technologies
10/20/2022
Deloitte set to purchase investment management firm Reformis
Reformis is a specialist in providing and implementing data and technology solutions to the investment and wealth management market.
10/20/2022
FRC report puts increased focus on ethnic diversity and ESG in UK boardrooms
As a result, the actions and initiatives of companies and senior management teams are being reviewed with greater scrutiny.
10/20/2022
PRA fines MS Amlin Underwriting Limited £9,695,000 for failings in its governance, controls and risk management
Final notice from the Prudential Regulation Authority
10/20/2022
Jupiter slashes dividend on further outflow pain
The fund firm is slashing shareholder payouts after suffering another £600m outflow in the third quarter.
10/20/2022
Farrer & Co secures top rankings in Chambers UK 2023
12 of these individuals have been ranked in Band 1
10/19/2022
Pension trustees posing as advisers to pay £880k redress bill
They also promised a fixed return of 3.5 per cent per annum.
10/19/2022
PRA statement on credit risk mitigation eligibility, risk-based capital treatment, and leverage ratio treatment of guarantees under the Energy Markets Financing Scheme
HM Treasury and the Bank of England have launched the Energy Markets Financing Scheme (EMFS) to address the extraordinary liquidity requirements faced by energy companies operating in UK wholesale physical gas and/or electricity markets.
10/19/2022
Bunq wins AML case against Dutch Central Bank
The court has subsequently sided with Bunq.
10/19/2022
TISE grants employees special cost of living payment
The contribution was paid to employees across all of TISE’s operating jurisdictions, along with their October salary payments.
10/19/2022
Tax investigators gain access to Deutsche Bank
As has been the case since the investigation began, the bank continues to cooperate fully with the investigating authority.