06/29/2023
Pensions risk transfer: the endgame strategy
The trustees’ preferred destination may not be the right result for the sponsor and the members may have a different view again.
Legal, Regulation & Compliance
06/29/2023
Jersey Hemp considers legal action against UK and Jersey governments
This decision, which contradicts a legal opinion affirming the compliance of Jersey Hemp's products with relevant legislation, is a clear error in both law and judgment.
06/28/2023
Proposed legislation signals step change for major infrastructure projects in Wales
The Bill clearly uses the 2008 Planning Act, which already applies to certain projects in Wales, as a starting point for the proposed regime.
06/28/2023
IQ-EQ acquires ComplianceAsia and Lymon Pte Ltd
These transactions are incredibly exciting for us as it not only significantly expands our existing regulatory compliance business here in Asia Pacific
06/28/2023
UK and EU pen deal on financial services cooperation
Equivalence is the process whereby the European Commission formally recognises that the regulatory or supervisory regime of a non-EU country is equivalent to the corresponding EU regime.
06/27/2023
Adviser Mark Abley pays £106k for poor pension transfer advice
He received a financial benefit of at least £60,000 for providing this advice.
06/27/2023
Addleshaw Goddard: Financial Services & Banking News
The Standards are designed to ensure that companies provide sustainability-related information alongside financial statements, in the same reporting package.
06/27/2023
FCA outlines BSPS enforcement work and outcomes
This means that advisers have shown a significant lack of competence in their advice.
06/27/2023
Helvetia counts small
The IFRS result after tax in the 2022 financial year under IFRS 17/9 was around CHF 480.2 million.
06/27/2023
Swiss regulators need to face up to Credit Suisse failures
As the country prepares for the challenge of supervising an enlarged UBS, rule changes are not the answer
06/27/2023
Switzerland and France sign an additional agreement supplementing the bilateral double taxation agreement
The additional agreement also updates other provisions in the double taxation agreement between Switzerland and France.
06/27/2023
International Sustainability Standards Board launches first reporting standards
The newly released standards, known as IFRS S1 and IFRS S2, address the market's demand for consistent and reliable corporate sustainability disclosures.
06/26/2023
Important employment law reforms announced
This comes as part of news that the Government is intending to change its approach to retained EU law.
06/26/2023
Bank of England accelerates rate rises, admitting inflation problem
Mortgage rates will rise further, raising risk of recession later this year.
06/26/2023
EU anti-fraud investigators in Malta to probe European asylum agency
Current, ex-employees allege fraud, nepotism, mishandling of harassment claims
06/26/2023
UK legislates on nationality changes before Guernsey has a say
Only now will the States be asked to express its views on it.
06/26/2023
‘Was the FCA asleep at the wheel?’ Creditors grill WealthTek administrators
Creditors question regulators and search for PI cover at special administrators’ session for collapsed DFM.
06/26/2023
Adviser to pay £106k to FSCS for poor DB transfer advice
This is despite the FCA's guidance creating a presumption against advising a client to transfer.
06/23/2023
Recession lurking down the tracks as BoE takes drastic action
Clearly interest rates are a blunt tool and are failing to have the desired effect in dampening demand but the BoE will keep using them.
06/23/2023
UK banks to ramp up data sharing in dirty money crackdown
Banks have long been wary of sharing customer data for fear of falling foul of strict British and global data protection and privacy laws, which could trigger litigation by customers whose accounts have been locked pending investigations.