12/18/2023
Unlicensed Zurich IAM accused of fraud
Wetzikon-based Zwide has been accused of copying an independent asset manager in Germany.
Legal, Regulation & Compliance
12/15/2023
FCA welcomes the launch of industry code of conduct for ESG ratings and data products providers
The code launched will provide a benchmark for any providers that fall outside the scope of potential future regulation.
12/15/2023
Woodford investors give compensation scheme the go-ahead
Provisional numbers released after the meeting showed 93.7 per cent of investors backed the proposals.
12/15/2023
BoE holds rates and doubles down on hawkish stance
Investors have been pricing in several reductions throughout next year, but the Bank has today doubled down on its ‘higher for longer’ narrative
12/14/2023
'Unpredictable' state pension triple lock should be replaced - IFS
The Institute For Fiscal Studies paper said the triple lock
12/14/2023
The new UK Fundraising Levy review
The regulator's board will then review the responses before including them in a summary of responses to be published in early 2024.
12/13/2023
FCA closes investigation into Odey Asset Management
Crispin Odey still under investigation
12/13/2023
AJ Bell increases cash interest rates after FCA warning
The changes are expected to apply from April 1, 2024.
12/13/2023
Deutsche Bank publishes 2024 SREP requirements
These requirements set the levels below which Deutsche Bank would be required to calculate a Maximum Distributable Amount (MDA).
12/13/2023
Birmingham-based British Steel advice firm failed by the FSCS
BlueSky Wealth Management was placed into liquidation in April
12/12/2023
UK Pensions - Abolition of the lifetime allowance confirmed for 6 April 2024: what should trustees and employers be thinking about?
The Government has now published the Finance Bill, which includes over 100 pages of legislation to repeal the provisions of the Finance Act 2004 relating to the lifetime allowance.
12/12/2023
Bank of England sets out 'near-final' plans to tighten capital rules for UK banks
Basel 3.1 reforms
12/11/2023
Concerted effort needed on advice/guidance to extend help to more people
The introduction of pension freedoms in 2015 also put greater onus on the individual to make critical decisions about their retirement funds, making the need for easily accessible help even greater.
12/11/2023
Moneyhub granted Credit Information Services permissions by the Financial Conduct Authority
Over 150m people have access to Moneyhub’s technology through their partners
12/08/2023
FCA sets out new rules to maintain access to cash in increasingly digital world
These assessments need to take into account local factors such as demographics and transport. Where firms identify gaps, they will need to act to address these needs.
12/08/2023
Holborn Assets under investigation by FSCS
Alongside another advice firm
12/08/2023
FCA slams financial promotion exemptions for HNW individuals
Regulator says the exemptions result in consumer harm
12/08/2023
Sector welcomes advice guidance proposals
The proposals come following the FCA and the government’s joint advice guidance boundary review.
12/08/2023
London Capital & Finance scars raise risk concerns over LTAFs among MPs
Review of Edinburgh Reforms a year on
12/08/2023
Consistency, not speed is more important to save the City from stagnation
Many of the changes badged as Edinburgh Reforms were already in progress, but newly packaged under one heading.