10/24/2018
UK pension system still lagging on adequacy and sustainability
The report said the UK’s score could be improved by restoring the requirement to take some pension savings as an income stream
Legal, Regulation & Compliance
10/24/2018
Jersey substance proposals – the fund managers' perspective
The Guidance Notes are expected to confirm that some, but not all, CIGAs must be carried on in Jersey. Consideration will need to be given to ensuring sufficient CIGAs are carried on in Jersey to avoid a letter-box entity characterisation.
10/24/2018
UK’s biggest legal charity cycle race, Tour de Law, returned last week for its seventh year
The event took place all over London in law firm offices and barristers’ chambers as 21 different groups of lawyers raced against each other from London to Paris and back
10/23/2018
Draft Financial Conglomerates and Other Financial Groups (Amendment) (EU Exit) Regulations 2018: explanatory information
FICOD contains certain provisions which give discretions for the FCA and PRA as competent authorities. These will be reflected in the post-exit regime.
10/23/2018
UBS Accuses French Whistle-Blowers of Lying, Blackmail
Executive says whistle-blowing triggered internal probe
10/23/2018
UBS Accuses French Whistle-Blowers of Lying, Blackmail
The testimony came during the third week of a trial over allegations that UBS bankers illegally encouraged French citizens to lower their tax bills by moving money out of the country.
10/23/2018
Advisers warned about Mifid II compliance
The regulator added the requirements applied from 3 January 2018 and do not require disclosure of costs and charges incurred before that date.
10/23/2018
What you need to know about unexplained wealth orders
Learn what is an unexplained wealth order or UWO.
10/23/2018
Where next for the charity sector?
It’s incredible just how entrenched these trends have become, given they were hardly spoken of just a few years ago.
10/22/2018
Green FinTech Challenge
Once the application window has closed we will assess all applications and select a small number of firms that meet the criteria.
10/22/2018
Central Bank Streamlines Procedures for Irish Retail Funds
The welcome procedural amendments, introduced with immediate effect, focus on expediting the processing of certain authorisation and post-authorisation amendments for UCITS and RIAIFs through the introduction of a same-day approval process for those appli
10/22/2018
Russian Billionaire Sues Scandinavian Banks Over Service Agreement Breach
The banks were notified about the lawsuit a week ago and have 30 days to respond after signing a paper which confirms the receipt of notification.
10/22/2018
Commerzbank made a change to its bonuses that should have Deutsche Bankers freaking out
A brief look at today's changes to Commerzbank's bonus scheme could make them sweatier still.
10/22/2018
UBS quizzed about torn bonus notebooks by French prosecutors
De Fayet is on trial in Paris for allegedly helping employees at the Swiss bank, who crossed the border, seek out new French clients despite not having the right paperwork.
10/22/2018
France to lead Europe with regulation of ICOs
France is not the first country to look into whether and how ICOs should be regulated.
10/22/2018
SJP plans 10-day blackout for replatforming
It is understood clients will still be able to continue making investments during the down period.
10/22/2018
Regulatory and operational barriers to digital payment remain
The World Payments Report 2018, which looks at innovation in the digital payments landscape and highlights what to expect from BigTech entrants, found that digital payments are experiencing a boom driven by developing markets.
10/22/2018
Four people behind £13.7 million pension scam banned from being trustees
The Pensions Regulator (TPR) has now prohibited Mr Austin from acting as a pension scheme trustee to protect pension holders.
10/22/2018
Mifid II may force platforms to change strategy
"Will they have to change their strategy? Maybe, in terms of Mifid II we might see financial advisers moving away from those [who don't change]."
10/22/2018
Ex-Deutsche trader charged in rate-rigging case
This followed Mr Hauschild’s arrest in Italy in August 2018 after his trip to the country activated a European Arrest Warrant secured by the SFO.