09/23/2022
Positive that NHS pensions are finally being addressed but devil is in the detail
Any fix needs to not only address eyewatering tax bills from the disconnect between CPI and annual allowance but also the problems with negative growth.
Legal, Regulation & Compliance
09/23/2022
We consult on new guidance on the trading venue perimeter
Since the current regulatory framework was introduced, changes in technology and market structure have enabled a variety of new service providers to emerge, improving efficiency and choice.
09/23/2022
Aviva tops pension complaints list
But just 24% of cases were upheld in H1 2022, Ombudsman data shows
09/23/2022
FCA urges IFAs to take consumer duty seriously
Matthew Connell, director of policy and public affairs at the Personal Finance Society, outlined why the PFS are supporting the new rules.
09/22/2022
LoA and transfers remain a major issue in the industry
The Lang Cat finds letters of authority are taking six months
09/22/2022
Swiss National Bank tightens monetary policy further and raises SNB policy rate to 0.5%
The SNB policy rate change applies from tomorrow, 23 September 2022.
09/22/2022
BoE raises interest rates to 2.25%
"The [price] guarantee is likely to limit significantly further increases in CPI inflation, and reduce its volatility," the MPC said in a statement today (September 22).
09/21/2022
PFS and CII reach ‘agreement in principle’ following clash
In a joint statement from them both, the PFS and CII said there has been on-going dialogue and disagreements recently between the two bodies.
09/21/2022
Credit Unions: Changes to the Regulatory Regime
The proposals in this CP broadly relate to amending and strengthening the regulatory regime in order to address risks posed by larger, more complex credit unions.
09/20/2022
Europe's central bank to use climate scores as it buys bonds
The ECB bought corporate bonds as part of its past economic stimulus efforts to lower longer-term interest rates.
09/20/2022
Deloitte's Esther Hitch on challenges in the world of risk consulting
Speaking with Cat Callen of business consultancy RDW, Hitch discusses her transition from the British Army into a career in cybersecurity, and the cyber concerns that are topping the agenda of clients; from data privacy, to online safety regulations.
09/20/2022
Waiting for clarity on an Italian government
Italy’s consumer prices rose 8.4% in July, compared with a year earlier. Inflation in the eurozone rose by an annualised 9.1% in August, from 8.9% in July, estimates Eurostat, the EU’s statistics agency.
09/20/2022
FCA warns consumers of scams by unauthorised CMCs
Almost all firms and individuals offering claims management services in the UK must be authorised by the FCA.
09/19/2022
Bank of England expected to hike interest rates to highest level since 2008 crash
It would be the highest interest rate that the UK has had since the financial crisis. In December 2008, the base rate was slashed from 3% to 2%.
09/19/2022
New U.K. leader's policies keeping managers on guard
Prime Minister Liz Truss plans to cap energy prices and also wants to cut taxes
09/19/2022
Interdicts in Scotland
Interdicts will not be granted against the repetition of a wrong unless the court is satisfied that there is a reasonable likelihood that the wrong will be repeated.
09/16/2022
Vistra enters into a Sale and Purchase Agreement with MAS France; Expands its global footprint by entering the French market
Vistra has announced it has entered into a Sale and Purchase Agreement (SPA) with MAS France, a Parisian provider of domiciliation, administration and directorship services in the real estate and private equity sectors.
09/16/2022
Register of Overseas Entities holding UK land
The key point to highlight is that the register is not a register of beneficial ownership of UK land.
09/16/2022
Deutsche Bank downgrades abrdn as it questions cost-saving strategies
Fund closures may dent revenue
09/16/2022
New appointed representative requirements on way for UK financial firms
Principals will be required to notify the FCA of future AR appointments 30 calendar days before they take effect and provide complaints and revenue information on their ARs to the FCA on an annual basis.