04/12/2024
Generali Switzerland: Trouble about rental deposits
The provider of digitally processed rental deposits has filed a lawsuit against the Swiss subsidiary of the Italian financial group at the Bern Commercial Court.
Legal, Regulation & Compliance
04/12/2024
Addleshaw Goddard: Financial Services & Banking News
Under the Digital Operation Resilience Act (DORA), and starting from 2025, financial entities will have to maintain registers of information regarding their use of ICT third-party providers.
04/11/2024
Banking stability: Federal Council wants to close gaps in too-big-to-fail regulation
Banking stability: Federal Council wants to close gaps in too-big-to-fail regulation
04/11/2024
FCA report shows millions still struggling with bills
More than five million have missed payments recently, though that’s an improvement from the previous year.
04/11/2024
Woodford points finger at Link and FCA as watchdog proposes action
Regulator claims fund manager Neil Woodford had a defective and unreasonably narrow understanding of his responsibilities.
04/11/2024
Prudential Regulation Authority Business Plan 2024/25
The 2024/25 Business Plan sets out the workplan for each of the PRA’s strategic priorities, together with an overview of the PRA’s budget for 2024/25.
04/10/2024
FCA publishes finalised guidance on social media and financial promotions
The FCA has repeated its guidance that financial promotions must be standalone compliant, irrelevant of the media used
04/10/2024
The Rise of Private Equity in UK Real Estate
As a business we are increasingly seeing the positive role private equity can play on a soft market and the London office market is a natural target.
04/10/2024
Scottish Widows improves controls after £14k cheque sent to wrong client
Scottish Widows was contacted by the company owner once again to flag his company did not have a policy with the provider and was sent the cheque by mistake.
04/10/2024
New way of paying for investment research proposed by the financial regulator
Now the FCA has proposed giving asset managers greater freedom in how they pay for research, supporting their investment decisions.
04/09/2024
IMF warns $2trn 'opaque' private credit sector could amplify financial vulnerabilities
Concerns over semi-liquid fund growth
04/08/2024
Santander product changes ‘step in the right direction’
Albion Financial Advice director, Dariusz Karpowicz said raising LTV limits on large loans and tweaking its affordability calculator showed a keenness to lend more freely.
04/05/2024
The UK payments landscape: 2024 and beyond
This review considers the digital payments landscape and provides recommendations to the Government with regards to the future of payments in the UK.
04/05/2024
FCA secures £1.6m for investors from alleged unlawful investment schemes
The settlement agreed by the FCA was intended to prevent all of AWL/Mr Willis’ remaining assets from being used up to meet the ongoing legal and living costs.
04/05/2024
The latest changes impacting employers with UK employees
The changes are designed to encourage employers to take a proactive approach to preventing sexual harassment in the workplace.
04/05/2024
FCA to reclaim £1.6m for investors in unlawful investment scheme
Argento Wealth and Daniel Willis
04/05/2024
Eight-in-ten UK executives plan price hikes before 2026
Now, the country’s energy price cap is set to fall by 12.3% as it enters the second quarter of 2024 – and it could fall further later in the year.
04/05/2024
HMRC advises delaying taking benefits until LTA rules fixed
The legislation to abolish the lifetime allowance was being pushed through in quick timescales
04/05/2024
Major changes for UK GAAP
Amendments will affect both micro-entities adopting FRS 105
04/05/2024
AML within wealth and asset management – major questions resolved
AI streamlines the detection of irregularities, not only bolstering a firm’s efforts in thwarting financial crimes but also significantly enhancing operational efficiency.