07/08/2022
UK’s ‘unsustainable’ debt could reach 320% of GDP in 50 years, OBR warns
Taxes ‘must be raised to offset mounting cost of ageing population and falling fuel income’
Legal, Regulation & Compliance
07/08/2022
Solvency II: Striking the balance − speech by Sam Woods
Given at Bank of England Webinar
07/08/2022
How we paid compensation to customers of London Capital & Finance
LCF was an issuer of mini-bonds, which it stated it used to make loans to corporate borrowers to provide capital for further investment.
07/07/2022
Pimfa lays out ‘simplified advice’ regulatory framework
Pimfa highlighted the “limited” take up of streamlined advice services to date, which it said has largely been delivered through robo-advisers because advice firms are lacking confidence in delivering streamlined services.
07/07/2022
FCA clarifies approach to compromise arrangements
A compromise is an agreement between a company and its creditors which allows the company to settle its liabilities.
07/07/2022
Consumers struggling with rising prices urged to seek help
Those who get help find it useful. Eight out of ten (79%) people in financial difficulty who used debt advice would recommend it and 70% said it had been more helpful than they had anticipated.
07/07/2022
Addleshaw Goddard: Financial Services & Banking News
The guidance focuses on three types of compromise: schemes of arrangement, restructuring plans and voluntary arrangements and only relates to compromises in relation to liabilities.
07/07/2022
'Institutional greenwashing': MEPs back 'green' investment labels for fossil gas and nuclear projects
328 MEPs voted against
07/07/2022
Government proclaims Corporate Insolvency and Governance Act 2020 a success story
The report is part of the statutory review which must be carried out within three years of the measures coming into force.
07/06/2022
FCA further bolsters its leadership team as it expands its headcount
Roma Pearson has been appointed as the FCA’s Director of Consumer Finance, responsible for the supervision and policy development in the consumer lending sector.
07/06/2022
EU guarantee supports EBRD in loans to key Ukraine companies
These loans - part of the €1 billion which the EBRD will invest in Ukraine in 2022
07/06/2022
Addleshaw Goddard: Financial Services & Banking News
This will allow the FCA to take account of other international policy initiatives and ensure stakeholders have time to consider these issues.
07/06/2022
TPR and DWP respond to pension transfer rule concerns
In addition, they can raise an ‘amber flag’ if they suspect a potential scam, which will mean the member will have to provide evidence they have taken specific scam guidance from the Money and Pensions Service before they are allowed to transf
07/06/2022
PIMFA calls on Government and Regulator to widen access to advice to more UK consumers
Current debates around how UK savers can be supported tend to focus on how the mechanisms to help those who are already invested can be improved.
07/05/2022
Alexander David Securities Limited enters liquidation
ADSL is an FCA regulated firm which was authorised to conduct investment related activities.
07/05/2022
FCA cancels listing of Umuthi Healthcare Solutions
UHS has the right to appeal this decision by making representations to the FCA or referring it to the Upper Tribunal.
07/05/2022
Board of ScotGems trust put forward liquidation proposals
These proposals, if approved, would mean a full cash exit for shareholders less the costs.
07/05/2022
Carey Olsen announces 16 senior promotions across group
The announcement of the senior promotions follows the news that Carey Olsen has also welcomed Kyle Masters, Sam Stevens and Jay Webster in Bermuda, Louise Woolrich in Jersey and Matthew Brehaut in London to the partnership – bringing the total numbe
07/05/2022
Overseas policy sees FCA delay next step on ESG labels
If adopted, these will require funds and advisers to provide more specific ESG disclosures in fund prospectuses, annual reports, and adviser brochures.
07/04/2022
Paradigm launches consumer duty support for advisers
The hub is available to all advisory firms, not just Paradigm members, and contains a video series from Paradigm’s team of practitioners.