06/10/2020
COVID-19: HM Treasury ~£38 million support package for debt advice providers
The FCA, as collection agent for levies that fund MaPS and other devolved authorities
Legal, Regulation & Compliance
06/10/2020
Capita Consulting partners with Finantix
The innovative and award winning Finantix Product Suite is a modular, API-driven suite of products that can be integrated with existing IT systems and deliver maximum flexibility, efficiency and scalability.
06/10/2020
Decline in funds business to be short-lived: Guernsey Funds Forum
Deals that will happen definitely will decline.
06/10/2020
More gloom for savers as Goldman Sachs closes Marcus account to new customers as £4bn influx since April threatens to breach banking rules
Marcus said it had over 500,000 customers who had deposited £21bn
06/09/2020
Guernsey financial advisors fined for making profit from elderly clients losses
The Commission has said that Mr Penney engaged in very deliberate improper conduct, profiting to the sum of over £100,000.
06/09/2020
Boosting payroll professionalism
As a new body launches for the payroll industry, Chiene + Tait’s Neil Cameron highlights the increasing importance of standards in a profession at the centre of implementing government policy during the Covid-19 crisis
06/09/2020
Finma adds 18 firms to warning list including WMs
This includes the latest companies to submit insufficient or falsified information to the regulator.
06/09/2020
FCA investigates Quilter Lighthouse over DB pension transfers
Lighthouse has had around 40 complaints filed against it, the FCA said.
06/09/2020
No fault divorce will ease lockdown marriage nightmares - comment from Royds Withy King
The introduction of no-fault divorce will ease tensions for couples to separate without having to point the finger of blame and the passions that can arise as a result.
06/09/2020
Openwork calls for 'value of advice' campaign
The survey of 115 advisers conducted in March found a notable demand for the industry to do more to promote the value of advice and educate potential clients, with more than half agreeing trade bodies should invest more in promoting its benefits.
06/09/2020
Barclays ‘misled’ the market over Qatar deal, court told
Amanda Staveley’s PCP Capital is suing bank for alleged deceit regarding 2008 fundraising
06/09/2020
Revealed: Nearly 400,000 British companies evade anti-money laundering checks
Most forms of British corporate entities have to name a “person of significant control” – a beneficiary with a stake of 25 per cent or more.
06/09/2020
Best Lawyers recognition for seven Carey Olsen partners
Among the seven Carey Olsen lawyers recognised, Jersey partner John Kelleher was named 'Lawyer of the Year for Litigation in Jersey' – an additional recognition for those with the highest overall peer feedback for a specific practice area
06/09/2020
Malta to delay launch of EU anti-corruption prosecutor
EU states are required to nominate at least three candidates for the post of European prosecutor to liaise with the Luxembourg-hub.
06/08/2020
Frenkel Topping launches joint venture with law firm
The joint venture will be named ExpressFT Limited and provide post-settlement advice to clients of the law firm who have suffered from personal injury and clinical negligence.
06/07/2020
Amanda Staveley's battle with Barclays nears judgment day
Over four years over filing charges alleging deceit by the bank, the prominent financier is eventually set to get her day in court
06/07/2020
Intu puts KPMG on stand-by for administration if bank talks fail
Contingency plans drawn up by struggling shopping centre owner ahead of critical talks with lenders would see KPMG handle administration
06/07/2020
FCA package of measures regarding DB pension transfers
This Policy Statement forms part of a wider package to improve the suitability of pension transfer advice.
06/07/2020
Vatican arrests London-based broker
Gianluigi Torzi was a middleman in the acquisition of a luxury property in Chelsea
06/05/2020
Regulator working on how to avoid ‘lumpy bills’ for firms in future
Wealth managers and financial advisers had responded well during the crisis and firms were adapting well to the new normal, she said. But she cautioned the regulator could not “overlook financial resilience”.