09/26/2022
Tavistock hits out at Fos's 'abuse of process'
Over the past year, Tavistock added, the Fos has also taken it upon itself to split several individual claims into multiple claims, thus increasing the company's potential exposure.
Legal, Regulation & Compliance
09/23/2022
Recession risks rising, as Fed’s inflation fight is far from over
The Fed’s decision on rates was unanimous, and Mr Powell noted that the Fed still intends to move ‘purposefully’ towards rates that actively restrict growth, with the current 3.00-3.25% level now on the cusp of that territory.
09/23/2022
Deutsche Bank partners with Visa to prevent fraud in online retail
With the solution from Visa and Cybersource, we are offering merchants a whole new form of risk management.
09/23/2022
Addleshaw Goddard: Financial Services & Banking News
In this context, the paper sets out the reasons why it is important to collect this data and suggests best practice for firms.
09/23/2022
Government u-turn on NI takes an economic gamble on social care funding
Reversing the NI hike has a much greater impact on someone earning £100,000, who would save £91 monthly or £1,092 annually.
09/23/2022
Positive that NHS pensions are finally being addressed but devil is in the detail
Any fix needs to not only address eyewatering tax bills from the disconnect between CPI and annual allowance but also the problems with negative growth.
09/23/2022
We consult on new guidance on the trading venue perimeter
Since the current regulatory framework was introduced, changes in technology and market structure have enabled a variety of new service providers to emerge, improving efficiency and choice.
09/23/2022
Aviva tops pension complaints list
But just 24% of cases were upheld in H1 2022, Ombudsman data shows
09/23/2022
FCA urges IFAs to take consumer duty seriously
Matthew Connell, director of policy and public affairs at the Personal Finance Society, outlined why the PFS are supporting the new rules.
09/22/2022
LoA and transfers remain a major issue in the industry
The Lang Cat finds letters of authority are taking six months
09/22/2022
Swiss National Bank tightens monetary policy further and raises SNB policy rate to 0.5%
The SNB policy rate change applies from tomorrow, 23 September 2022.
09/22/2022
BoE raises interest rates to 2.25%
"The [price] guarantee is likely to limit significantly further increases in CPI inflation, and reduce its volatility," the MPC said in a statement today (September 22).
09/21/2022
PFS and CII reach ‘agreement in principle’ following clash
In a joint statement from them both, the PFS and CII said there has been on-going dialogue and disagreements recently between the two bodies.
09/21/2022
Credit Unions: Changes to the Regulatory Regime
The proposals in this CP broadly relate to amending and strengthening the regulatory regime in order to address risks posed by larger, more complex credit unions.
09/20/2022
Europe's central bank to use climate scores as it buys bonds
The ECB bought corporate bonds as part of its past economic stimulus efforts to lower longer-term interest rates.
09/20/2022
Deloitte's Esther Hitch on challenges in the world of risk consulting
Speaking with Cat Callen of business consultancy RDW, Hitch discusses her transition from the British Army into a career in cybersecurity, and the cyber concerns that are topping the agenda of clients; from data privacy, to online safety regulations.
09/20/2022
Waiting for clarity on an Italian government
Italy’s consumer prices rose 8.4% in July, compared with a year earlier. Inflation in the eurozone rose by an annualised 9.1% in August, from 8.9% in July, estimates Eurostat, the EU’s statistics agency.
09/20/2022
FCA warns consumers of scams by unauthorised CMCs
Almost all firms and individuals offering claims management services in the UK must be authorised by the FCA.
09/19/2022
Bank of England expected to hike interest rates to highest level since 2008 crash
It would be the highest interest rate that the UK has had since the financial crisis. In December 2008, the base rate was slashed from 3% to 2%.
09/19/2022
New U.K. leader's policies keeping managers on guard
Prime Minister Liz Truss plans to cap energy prices and also wants to cut taxes