11/30/2022
FCA proposes ways to make financial advice more accessible
As part of its consumer investment strategy, the FCA has set out new proposals to improve people’s access to financial advice so they can invest with confidence.
Legal, Regulation & Compliance
11/30/2022
FCA fines Julius Baer International Limited £18m and publishes decision notices for three individuals
This was done on the understanding that the Yukos Group companies would then place large cash sums with Julius Baer from which Julius Baer could generate significant revenues.
11/30/2022
SBAI publishes Guidance on Internal Governance - A Roadmap for Asset Managers
Governance is at the heart of the SBAI, forming the basis of its Alternative Investment Standards and seen throughout the practical guidance memos in its Toolbox.
11/30/2022
Withers tech advises as Edenred Capital Partners joins a £5 million seed investment into 5Mins AI
5Mins AI curates short-form video content from leading creators worldwide, designed to inspire employees, managers and leaders to unlock their personal and business potential.
11/29/2022
BankClarity Partners with Moneycorp to Deliver Global FX Purchasing Power and STP of Cross Border Payments
Specifically, the agreement will hugely benefit global providers of administration services to international corporations, trusts and funds.
11/29/2022
Compliance checks come with the territory
Strict rules affect high-earning professionals but help is at hand to cut through the red tape
11/29/2022
Clients in Aviva Investors' property fund to receive fourth payment
The decision was taken to wind the fund down after the uncertainty caused by the pandemic made it increasingly challenging to generate positive returns whilst also retaining enough liquidity to re-open the fund.
11/29/2022
FCA proposes £5k fee for financial promotions products
“If it applies instead to reduce the scope of its permission, there will be no charge.”
11/29/2022
Companies House Reform 2022
This proposes measures to reform Companies House and give the Registrar of Companies additional powers to maintain the accuracy of the UK’s record of companies.
11/28/2022
EU Court of Justice Blocks Public Access to Beneficial Owner Information: Implications for Bermuda
Bermuda has a comprehensive central register of beneficial ownership information, which is held and maintained by the Bermuda Monetary Authority.
11/28/2022
KPMG plans £5.5m post-Covid office makeover for 1,200 Manchester staff
Hybrid working sparks overhaul of Manchester office space
11/28/2022
Financial guidance reform to spur ‘cultural change’ in advice sector
UK parliamentary committee amendment will provide clarity on advice-guidance blurred lines
11/28/2022
General insurance value measures data - July to December 2021
The value of insurance products for consumers continues to be an important area for us given cost of living increases and is a central feature of the incoming Consumer Duty.
11/28/2022
Cloud gaming and mobile browsers market investigation opened in the UK
Market investigations generally must be completed within 18 months
11/28/2022
Some BSPS members to receive redress calculation by end of 2023
We’re working to get the scheme in place quickly to end uncertainty for members
11/28/2022
FSCS declares advice firm in default
It confirmed the claim was not linked to the British Steel Pension Scheme.
11/28/2022
Planning measures can supercharge retirement living development
UK government could make some relatively modest but transformative policy changes to the National Planning Policy Framework (NPPF).
11/28/2022
German police raid Deutsche Bank in 'Panama Papers' probe
The latest raid was a new blow to the financial institution that has been hammered by a string of scandals linked to its pre-2008 crisis attempts to compete with Wall Street investment banking giants.
11/25/2022
EBA publishes guidelines on remote customer onboarding
The Guidelines apply to all credit and financial institutions that are within the scope of the Anti-money Laundering Directive (AMLD).
11/25/2022
Delivering legacy life insurance and pension product simplification
The advent of auto-enrolment, ‘Freedom & Choice’ and the regulatory focus on customer outcomes are new challenges facing pension firms.