10/29/2020
FSCS pays £1.7m in pension switching claims against IFA
Kingsway entered administration in December last year, embroiled in claims linked to work carried out by its appointed representative Pension Transfers Limited.
10/29/2020
Currently, most banks perform the activities in-house, but with complexities mounting and technologies becoming more advanced, outsourcing to specialised firms is emerging as an increasingly attractive option.
10/29/2020
The JSAs will now continue their work to effect the transfers approved under that plan.
10/29/2020
Exemptions from the financial promotion restriction allow authorised and unauthorised companies to advertise investments directly to high net worth investors without necessarily having to follow regulatory rules.
10/29/2020
Under the new law couples can be divorced within six months and once they are no longer legally married lose many of the tax breaks and benefits which are reserved exclusively for married and civil partner couples.
10/28/2020
The LBR rejected this request and so the claim was filed with the district court in Luxembourg with assistance from Luther S.A., a law firm based in the region.
10/28/2020
The consultation is wide-ranging and covers a broad range of subject areas.
10/28/2020
From 31 December 2020 all EEA and Swiss citizens and their family members will be subject to immigration control and may be asked to prove their status.
10/28/2020
The change came into force on 6 October 2020 and the objection period expired on 24 October 2020, meaning the extension will now remain in effect.
10/28/2020
The new funding rules have been brought in as a reaction to high profile failures of company pension schemes such as Carillion and BHS.
10/28/2020
As part of the changes, guidance that was initially delivered by government under the brand ‘Pension Wise’1 was launched.
10/28/2020
Financial services firms and their counsel entering an important phase as deadline nears
10/28/2020
HRWP provides a different approach to the typical enquiry process
10/28/2020
The FCA nonetheless encourages firms to meet the original deadline of 9 December 2020 where possible.
10/28/2020
The FCA has issued a data request to a number of advisers who have advised on transfers from the Rolls-Royce defined benefit (DB) pension scheme.
10/27/2020
A consultation on the rules is expected next year.
10/27/2020
A call for evidence will be published in early November and a report will be available in early 2021.
10/27/2020
Although it is not clear whether the UK will adopt the proposals being published by the EC post-Brexit
10/27/2020
In this case, the Commissioner issued a €35.3 million fine against an international retailer due to its failures in monitoring and processing personal data of several hundred employees at one of its sites in Nuremberg.
10/27/2020
Dual-regulated firms must submit their Directory Person data via 'Connect' by no later than 13 November 2020. The FCA will begin to publish this data on the FS Register from 23 November 2020.