11/06/2020
EBA launches consultation on revised guidelines on sound remuneration policies
The proposed amendments do not represent a substantive re-write, and instead merely reflect the changes that have been made to the remuneration provisions of the Capital Requirements Directive (CRD5).
11/06/2020
Former BHS owner jailed for six years for tax evasion
In sentencing, the judge said Chappell had engaged in a "long and consistent course of conduct designed to cheat the revenue".
11/06/2020
European Commission says the island has ‘strategic deficiencies’ in its anti-money laundering and counter-terrorism financing regimes.
11/06/2020
Firms should consider how prudential consolidation will apply and the way in which to meet any new requirements.
11/06/2020
The letters, part of Financial Adviser's Keep Fees Fair campaign, highlight the problems arising due to escalating professional indemnity insurance premiums and a contraction in the market, in addition to eye-watering annual increases in the levy adv
11/06/2020
Vogelzang emphasized that all affected customers have been contacted, and that the bank has compensated more than 99 percent of them.
11/06/2020
Many pension schemes which had already substantially de-risked their investment strategy before Covid-19 hit have been able to continue to de-risk through bulk annuities and longevity insurance transactions.
11/06/2020
HMT is proposing a new institutional framework for developing regulation in the UK.
11/05/2020
IFA jailed for £1.2m Ponzi scheme
Money was used to fund his ‘lifestyle and businesses’ and a ‘substantial’ gambling habit
11/05/2020
EU's Barnier says 'very serious' gaps still in Brexit trade talks
His UK counterpart, David Frost, agreed that “wide divergences remain on some core issues”.
11/05/2020
CECOP reacts to a European Commission consultation on the European Pillar of Social Rights Action Plan, highlighting the crucial role worker and social cooperatives take to ensure the protection of social rights of their members by providing quality work
11/05/2020
Russell David Jameson was an adviser at an authorised firm and approved by the regulator to hold influential and customer facing functions.
11/05/2020
The Commission is to present legal proposals to turn that agreement into reality in the first quarter of next year.
11/05/2020
Among the subjects discussed were the Government’s view of the future of financial services regulation after the UK leaves the EU Single Market
11/05/2020
The CMA has ordered FNZ to sell GBST after finding their completed merger could lead to a reduction in the quality of service and higher prices.
11/05/2020
Although the extension of the furlough scheme will clearly protect jobs, it's not a magic potion and struggling companies will still have to reduce headcount to survive.
11/05/2020
The updated guidance proposes to extend payment deferrals and other support to customers who are experiencing payment difficulties in light of Covid-19.
11/05/2020
Looking at how the sector is expected to develop in future, the CMA found no basis to suggest that entry or expansion by other suppliers would mitigate the harm caused by the merger.
11/05/2020
Advisers have seen a huge rise in their FSCS levy costs in recent years due to a surge in compensation claims.
11/05/2020
They were all handed custodial sentences for varying charges