06/29/2022
FSCS chief: 78% of claims linked to advice as compensation rises
Rainbird explained that a key priority for FSCS is reducing instances of consumer harm, arguing that it is impossible to ignore the part that financial advice plays in it.
Legal, Regulation & Compliance
06/29/2022
FCA sees 'clear rationale' for regulatory oversight of ESG data providers
Mixed feedback on UK green bond standard
06/28/2022
FCA places restrictions on IFA over unauthorised fees
The City watchdog said the firm has the right to make written or oral representations to the FCA on the first supervisory notice and the right to make a reference to the upper tribunal.
06/28/2022
Decision by the Swiss Federal Criminal Court
Generating compliant business growth in line with legal and regulatory requirements is key for Credit Suisse.
06/28/2022
The Bill of Rights Bill: an overview
The Bill confers no new rights.
06/28/2022
Report provides insight into first three months of UK’s new national security and investment regime
Under the 2021 National Security and Investment Act (NSIA), businesses and investors must notify the government of certain ‘notifiable acquisitions’ that relate to 17 sensitive areas of the economy.
06/28/2022
83% of pension transfer requests raise red flag warnings
Rates have now grown for the last five consecutive months
06/28/2022
The Fry Group to Join Progeny
The deal will see our team of 191 employees across our UK and overseas offices become part of the Progeny team.
06/28/2022
PFS challenges FCA approach to BSPS compensation
The PFS has asked for the Department of Work and Pensions and the Pension Protection Fund to work together to ensure clients are re-admitted to the BSPS or admitted to the Pension Protection Fund.
06/28/2022
The Bank of London and SAP Fioneer join forces to disrupt global clearing and transaction banking
The Bank of London is the UK's second clearing bank authorised in the last 250 years.
06/27/2022
Banking body BIS urges decisive wave of global rate hikes to stem inflation
Surging energy and food prices mean inflation in many places is now its hottest in decades.
06/27/2022
Sainsbury’s under new pressure to pay living wage for all workers
Queen’s bank Coutts plus Coal Pensions Board join others such as LGIM and HSBC backing resolution for £9.90 an hour
06/27/2022
UBS courts US investment heavyweights to boost valuation
Executives want to convince investors it is a global bank, not a European institution
06/27/2022
Ukraine war: UK joins ban on imports of Russian gold
US President Biden suggested the other G7 nations - Germany, France and Italy - would also join the ban.
06/27/2022
Restrictions placed on Colbourne & Company
Colbourne & Company is a sole trader, and Mr Anthony James Colbourne SMF16 is the only person in the firm who was able to conduct regulated activity on the firm’s behalf.
06/27/2022
The Clear Group completes new investment from Goldman Sachs Asset Management to drive the next phase of its growth strategy
The business has also trebled its premiums, today handling over £330m GWP.
06/24/2022
FCA tackling scams faster as part of data strategy
This action forms part of an update on the FCA’s data strategy showing the progress it has made improving its use of data and its plans to identify and prevent harm sooner.
06/24/2022
FCA fines Ghana International Bank Plc £5.8m for failings in its anti-money laundering controls
The FCA requires banks to do extra checks on their correspondent banking customers to reduce the higher risk of money laundering and terrorist financing associated with the service.
06/24/2022
European Banking Authority Asks for PSD2 Review
The EBA has observed that, while some objectives of the PSD2 have started to materialise, there are still many issues and challenges that need to be addressed.
06/24/2022
Client left to courts after CMC failed to pay Fos award
He said when he spoke to the firm in July 2020, he was told his case had been passed to a law firm.