01/12/2024
Hartley Pensions will run out of money by end of month
The administrators have also obtained an offer of funding for £2mn from a third party and a contract has been agreed but not yet signed.
Legal, Regulation & Compliance
01/11/2024
FSCS declares County Durham-based British Steel firm in default
D&G Financial Services is no longer trading
01/11/2024
UK pension firms issued dispute resolution guidance following Court of Appeal decision
The Court of Appeal’s judgment means that if an overpayment is disputed by the scheme member, the scheme trustee must apply to the county court to enforce a PO determination upholding the repaying of that overpayment.
01/11/2024
The Pensions Regulator staff launch fresh round of strike action over pay
Regulator ‘disappointed’ as PCS union members begin fresh strike today
01/10/2024
ESAs consult on draft implementing technical standards specifying certain tasks
These ITSs and the requirements they set out are designed to enable future users to be able to effectively harness the comprehensive financial and sustainability information centralised on the ESAP.
01/10/2024
FCA hands adviser warning notice over DB pension transfer advice
“This was despite knowing that each of these steps was a necessary prerequisite to providing a personal recommendation,” the FCA said.
01/10/2024
Meta appoints Dentons to new EMEA Panel
The firm's global relationship with Meta has developed through years of collaboration.
01/09/2024
Money market report for the week ended January 5, 2024
Information on ECB monetary operations and the domestic Treasury bill market
01/08/2024
Former MPC member claims BoE will not be able to cut interest rates in 2024 - reports
DeAnne Julius
01/08/2024
Triple lock 'the elephant in the room' impacting saver sentiment
Follows the chancellor’s 2p cut to NI which took effect on Saturday
01/08/2024
New NPL Law in Germany
This new law could significantly change the market for NPLs.
01/05/2024
FOS says True Potential ‘non-advised sale’ was actually advice
National advice firm to pay compensation for unsuitable fund switch after FOS says ruling does fall within its remit.
01/05/2024
FOS says True Potential ‘non-advised sale’ was actually advice
National advice firm to pay compensation for unsuitable fund switch after FOS says ruling does fall within its remit.
01/04/2024
The Overseas Funds Regime
The CP does not include a date for the start of the new regime, although the FCA previously indicated it expects to start processing applications in Q2 2024.
01/03/2024
FCA doubles cancellation of non-compliant firms
The regulator cancels over 1,200 firms and cracks down on misleading adverts
01/03/2024
Authorised push payment fraud and mandatory reimbursement
The scheme will be implemented through the PSR giving directions to Pay.0UK, the independent operator of the Faster Payments scheme.
01/03/2024
New Year cheer: Financial services leaders upbeat for first quarter outlook despite inflation and interest rate concerns
New research from KPMG UK reveals over eight in ten leaders of financial services businesses are confident about short-term growth prospects
01/02/2024
Lighter regulation needed to attract ‘captive’ insurers to London
Calls by industry come ahead of promised UK government consultation on new regime
01/02/2024
Europe’s top securities regulator warns on risks from leveraged trades
Esma’s Verena Ross says efforts to monitor and curb bets that use borrowed money need to go further
01/02/2024
Euro zone government bond yields rise but still close to multi-month lows
Bond traders mentioned outsized moves based on thin liquidity in the last weeks of December when the Bund yield dropped below 2% before reversing sharply above that threshold.