03/11/2024
Concerns British Isa would not fit with consumer duty
The consumer duty requires advisers to avoid causing foreseeable harm which will prompt consideration of past and anticipated future relative performance.
Legal, Regulation & Compliance
03/11/2024
FCA fines financial advice firm and bans Arthur Cobill and William Hofstetter for British Steel Pension Scheme advice and oversight failings
IFM poorly advised people to transfer out of defined benefit pension schemes, including the British Steel Pension Scheme.
03/08/2024
London team advises Qatalyst Partners and Wells Fargo on Viavi’s £1bn offer for Spirent
The Spirent Group is a leading global provider of automated test and assurance solutions for networks, cybersecurity, and positioning.
03/08/2024
Region’s healthtech businesses gather to hear from Shoosmiths and others as part of West Midlands Health Tech Innovation Accelerator drive
The aim of WMHTIA is to tackle the challenges companies face when bringing new technologies to the market.
03/08/2024
Approval of temporary exemptions from conditions for maintaining the listing in accordance with article 7 Listing Rules and the delisting of Crealogix Holding AG's registered shares
Temporary exemptions from certain conditions for maintaining the listing in accordance with article 7 Listing Rules
03/08/2024
Processing of employee email data and metadata in Italy
Processing of employee email data and metadata in Italy
03/08/2024
Monetary policy decisions
Financing conditions are restrictive and the past interest rate increases continue to weigh on demand, which is helping push down inflation.
03/08/2024
The proposed UK regime for critical third parties – speech by Gareth Truran
Given at Tech UK Summit on Operational Resilience for Critical Third Parties on 6 March 2024
03/07/2024
UK Budget and the end of the non-dom regime as we know it
Under the current rules, trusts settled by non-UK domiciled (and non-deemed domiciled) individuals are capable of benefitting from 'protected' trust status.
03/07/2024
UK Spring Budget Announces Non-Dom Tax Status to be Scrapped
Such treatment is now only to be available for those who are comparatively short-term residents.
03/07/2024
Changes to the Financial Promotions Order
We have previously set out that the UK’s definition of a high net worth investor is an international outlier, with a far lower threshold than comparable jurisdictions.
03/07/2024
Addleshaw Goddard: Financial Services & Banking News
This will affect investment firms that utilise ESG ratings in their decision-making processes, necessitating adjustments to ensure compliance with the new regulatory framework.
03/07/2024
UBS scraps Credit Suisse coal financing rollback
Global asset manager will instead detail its own plan for climate change.
03/07/2024
Potential UK Budget implications for Guernsey residents and businesses
There have been no changes to previously announced rates and allowances.
03/07/2024
Italy’s investment management exemption: new TP regulations for asset managers’ remuneration
The Italian Revenue Agency has provided guidelines on the application of the arm’s-length principle.
03/06/2024
FCA warns firms over anti-money laundering failings
There are approximately 1,000 Annex 1 registered firms, which are not authorised or subject to wider FCA regulation.
03/06/2024
Stonehage Fleming Receives FINMA Operating Licence
In 2020, new financial regulations were introduced by FINMA
03/06/2024
HSBC Switzerland gains fair employer certification
The international private bank wants to be an employer of choice.
03/06/2024
FCA to investigate use of personal guarantees in certain small business lending
The FCA’s remit, which is set by Parliament, does not include lending to limited companies.
03/05/2024
High Court allows the FCA to pause civil case against WealthTek LLP
The investigation into suspected criminal offences in respect of WealthTek LLP and Mr Dance continues.