04/25/2024
Ex-Manulife financial adviser gets 12 year ban over S$1.2m ‘fictitious investment’ transfer
The banning order was issued following Ong’s conviction in the State Courts for cheating offences
Legal, Regulation & Compliance
04/25/2024
FCA charges man with fraud over £2.7m investment scheme
Maggs is alleged to have operated an unauthorised investment scheme called 'Kube Trading'
04/25/2024
What’s next? Bulk annuity insurers – Regulatory developments − speech by Lisa Leaman
Given at Westminster and City’s 21st Annual Conference on Bulk Annuities
04/25/2024
FCA is keeping close eye on systemic risk following private equity fears
As high interest rates raise the risk of losses for banks and the private equity sector is heavily reliant on debt, regulators are stepping up their scrutiny of private equity markets.
04/25/2024
Calls for urgent reform of LoA process after report reveals wasted cost
The LoA is a gateway process for individuals navigating financial advice or pension transfers
04/25/2024
How have financial firms adapted with Consumer Duty implementation?
The Consumer Duty regulation has already shown it will have a long-lasting impact
04/25/2024
FCA proposes extension of the SDR regime to portfolio managers
The proposals to extend the regime are primarily aimed at wealth management services for individuals and model portfolios for retail investors.
04/24/2024
FCA extends SDR rules to portfolio managers
This will include model portfolios, customised portfolios and/or bespoke portfolio management services.
04/24/2024
50% of Emea firms seek clearer AML regulations
Despite the digital push, 35% of respondents see skilled staff as vital for effective AML compliance, hindering digital tool adoption that could boost the detection of suspicious activities.
04/24/2024
Retirement advice review will see more advisers outsource solutions
In response to the FCA’s review, Brooks Macdonald and The Verve Group published a retirement income whitepaper to help advice firms translate the FCA’s guidelines around building a central retirement proposition.
04/23/2024
‘Big Tech a priority’ says FCA Chief Executive
Currently, Big Tech firms can access financial services data through Open Banking but are not required to share their data with the financial industry.
04/23/2024
Commerz Real implements solar projects in Sweden
Klimavest is invested in solar and wind farms in Germany, Finland, France and Spain.
04/23/2024
FCA confirms anti-greenwashing guidance and proposes extending sustainability framework
The new rule is designed to protect consumers by ensuring sustainable products and services they are sold are accurately described.
04/22/2024
EU leaders call for strengthening the EU’s competitiveness
To improve the competitiveness of EU companies we also need to further reduce the cost of energy.
04/22/2024
Culture in financial services still needs to improve to better serve women, says FCA
Women will control 70% of global wealth within two generations.
04/22/2024
ESAs consult on technical standards for joint examination teams under DORA
The proposed technical standards take into account the high technical complexity of the oversight activities and the scarce availability of the expertise needed to perform them.
04/19/2024
Independent audit confirms that the loans are granted correctly
The audit report confirms the regularity of the lending and classifies the bank's credit policy as conservative
04/19/2024
Neil Woodford turns finfluencer
It warned it was considering regulatory action.
04/19/2024
Generali: a new organizational structure for an integrated insurance and asset management group
Starting from June 1st 2024, the Generali Group will operate as a diversified financial group focused on two main businesses: Insurance and Asset Management
04/19/2024
Andy Cole and other ex-footballers join scam victims in HMRC campaign
Campaigners call for an end to the taxman’s perceived harsh tax collection tactics as victims of financial misconduct recount sleepless nights waiting for tax bills.