01/19/2023
Aegon Extraordinary General Meeting approves combination of Aegon’s Dutch businesses with a.s.r.
The reduction in IFRS shareholders’ equity will not impact Aegon’s solvency ratios or capacity to pay targeted dividends.
Legal, Regulation & Compliance
01/18/2023
UK legislates for minimum service levels during strike action
The government has said it is introducing the legislation “to ensure that striking workers don’t put the public’s lives at risk and prevent people getting to work, accessing healthcare, and safely going about their daily lives”.
01/18/2023
Finma License Gives Arve Asset Management a Boost
Managing director Michel Fest said the company can now celebrate the two important milestones with the Finma authorization and the acquisition of the fund.
01/18/2023
EU bid to ban financial product commissions faces resistance
Some worry the move will restrict access to financial advice across the bloc
01/18/2023
Michael Nascimento sentenced for failing to pay confiscation order
Members of the public were cold-called and subjected to high-pressure sales tactics to persuade them to buy shares in a company that owned land on the island of Madeira.
01/18/2023
German Authority and EU Bodies Target "Dark Patterns" in Trading Apps and Online Interfaces
In addition, other existing and upcoming EU legislation restricts the use of dark patterns and applies to businesses beyond investment firms.
01/18/2023
Perspective buys financial planning firm in deal worth £37mn
The last was Staffordshire-based IFA Hunter & Co which added £115mn in assets.
01/18/2023
Consumer duty: FCA provides clarity on products and services outcome
The consumer duty will apply across all financial sectors where there is a retail customer while the rules covering products and services will apply equally to both.
01/17/2023
FCA publishes further information about restrictions placed on Micro-E C.I.C
Micro-E’s director appears to have used the director’s loan account for personal reasons.
01/17/2023
London-listed law firm Knights bolsters business with Meade King acquisition
The acquisition is set to expand Knight’s reach into the wider UK by giving it a footprint in Bristol and the south-west of England.
01/17/2023
Andrew Bailey: BoE did not trade Solvency II for the removal of call in powers
‘Hangover’ of Mini Budget damage
01/17/2023
VCTA calls for more clarity on sunset clause postponement
VCTA chair Will Fraser-Allen told Money Marketing: “What we need to do now is to work with the Treasury.@
01/17/2023
Advice firm Better Retirement Group fails with the FSCS
Before the investigation, 17 cases received by the Financial Ombudsman Service had been upheld against Better Retirement Group last year.
01/16/2023
The HR and employment issues that will shape the UK workplace in 2023
If this process results in a rolling back of employment legislation, HR will be considering whether to retain policies or whether to leverage greater flexibility.
01/16/2023
FCA whistleblowing data shows reporting up 14%
The number of allegations reported saw a significant increase, jumping by 55 per cent.
01/13/2023
Three tips for struggling borrowers as FCA predicts 750,000 risk defaulting on mortgages
If lots of repossessions take place at the same time, this will mean a slew of properties come to market, driving up supply while demand lags, and this will push down house prices.
01/13/2023
Top EU court upholds annulled fine for HSBC over cartel activity
HSBC appealed the fine to the EU General Court, the bloc's second highest court, and successfully argued in 2019 that the basis for calculating the fine was flawed.
01/13/2023
HMRC to impose controls on tax repayment agents
HMRC has published its finalised policy on enforcing higher standards on tax advisors, including reforms to the currently unregulated repayment agent sector.
01/13/2023
ECB says consumer inflation expectations have eased
Expectations for economic growth for the next 12 months improved to -2 per cent from -2.6 per cent.
01/13/2023
NFT infringes trade mark rights – Italian Court grants preliminary injunction in Juventus case
Therefore, the Court rejected all Blockeras’ arguments of non-infringement and found the NFT CARDS to be an unauthorised and infringing reproduction of the football club’s trade marks.