05/21/2019

Scottish Widows says IGCs should not oversee pathways

The pathways include an option for consumers who have no plans to touch their money in the next five years and for those who plan to use their money to set up a guaranteed income within the next five years.

05/20/2019

Dirty money bill has ‘too many loopholes’

The report, which supports the passing of a bill to implement a register of overseas interests, said the bill had a string of loopholes including limited powers to punish offenders.

05/19/2019

IMF urges German banking sector to accelerate restructuring

The IMF said the life insurance sector - which has been struggling to pay out on life insurance policies in an era of historically low interest rates - needed to speed up its move away from conventional guaranteed-return products to other kinds of product

05/19/2019

May to make 'new, bold offer' in Brexit bill, Labour sceptical

The date of the vote and the substance of what lawmakers will be asked to consider - including whether they will be given chance to indicate what preferences might secure a majority before the vote is binding - have yet to be made public.

05/17/2019

Leading the way on regulation by Karina McTeague

The UK Parliament had just taken a decisive lead in the regulation of financial services by establishing the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) under the Twin Peaks model.

05/17/2019

Beckmann rights – back to basics

The Beckmann case, and subsequent case law, considered the meaning of these words and the extent of the pensions exemption.