09/18/2020
CaixaBank and Bankia Boards of Directors approve merger plan to create Spain’s leading bank
The Boards of Directors of both banks have approved the exchange ratio of 0.6845 new CaixaBank ordinary shares for every Bankia share.
09/18/2020
BoE to ‘explore’ negative interest rates
It is not the first time the central bank has signalled it would be open to using negative rates.
09/18/2020
Is the FCA set for an advice suitability crackdown?
Thematic review into the implementation of regulations could be on the cards
09/18/2020
Landmark Carey Pensions case to be appealed
Long-running legal dispute could have ‘real prospect of success’
09/18/2020
UK financial advice firm fails
Lifeboat scheme is now accepting claims against the company
09/18/2020
Defaqto unveils drawdown guide for advisers
‘Perfect storm’ created by pandemic shows need for planners to sharpen focus on risk
09/18/2020
Bank of England looks harder at negative rates in case troubles deepen
Sterling fell sharply after the announcement, weakening by around 0.6% on the day against the U.S. dollar GBP= to below $1.29.
09/18/2020
Deloitte fined £15m for audit failures ahead of Autonomy sale
A tribunal finds that the company's work on the software firm's accounts fell "significantly" short of expected standards.
09/18/2020
£500m after rental receipts decline
Coronavirus forces Crown Estate revaluation as retailers and tenants struggle to make payments
09/18/2020
The unknown is whether that may stifle this nascent and fast-moving space.
09/18/2020
The FCA has updated its webpage on short selling bans and reporting, which states that firms should continue reporting at the lower threshold.
09/18/2020
The watchdog's website now shows the review to be on indefinite hold, with a date at which it will be revisited yet to be decided.
09/17/2020
Mr Fassam said: “Every customer who finds themselves in need of the FSCS has had a poor outcome and an incredibly stressful experience; it is best for all if this can be avoided”.
09/17/2020
LGIM to reopen property fund next month
LGIM said: “We will continue to monitor investor intentions and the factors outlined above in the lead up to the planned opening date. Should anything materially change, further communications will be issued.
09/17/2020
Governments should avoid Covid spending cuts and tax rises, says OECD
In report on global economy, thinktank suggests extra borrowing is needed into 2021
09/17/2020
James Hay admitted maladministration and offered £100 in compensation. Mr T complained to the Pensions Ombudsman.
09/17/2020
Mr Fassam said any solution for dealing with scams must take into account the challenges posed by the FSCS as well as focusing on the need for consumer protection.
09/17/2020
The annual regulatory bills advisers receive from the Financial Conduct Authority include the regulator’s own fees
09/17/2020
If the measures are confirmed the FCA will expect firms to, among other things, provide tailored support which reflects consumers' individual circumstances.
09/17/2020
IPSX members are firms who play a key role in the Exchange and have met the membership eligibility criteria under the IPSX Rules for Members.