10/16/2018
Scottish Widows awards £30bn fund contract to BlackRock
The decision was taken due to competition issues triggered by Aberdeen’s merger with Standard Life in August 2017, leading to the creation of Standard Life Aberdeen (SLA).
Legal, Regulation & Compliance
10/16/2018
PRA consults on its expectations for the management of financial risks from climate change
Climate change and society’s response to it presents financial risks that are relevant to the PRA’s objectives of safety and soundness.
10/16/2018
FCA opens a discussion on the impact of climate change and green finance on financial services
The Financial Conduct Authority (FCA) has today published a Discussion Paper on climate change and green finance.
10/16/2018
Ogier ranked tenth across European law firms on M&A deal value
"Our teams also include lawyers with significant recent onshore experience who are very familiar with the way that City firms operate."
10/16/2018
PIMFA raises concerns over proposed extension of FOS award limit
The proposed increase will see levels rise from £150,000 to £350,000 and the trade association highlighted concerns about the potential impacts that the rise could have on the competitiveness of the market and the advice gap.
10/16/2018
Why Credit Suisse Was Ordered to Pay Ex-Broker Almost $1 Million
Those advisors claim Credit Suisse withheld money owed to them, reports InvestmentNews.
10/16/2018
FCA confirms more access to FOS as compensation limit raised
Under the ‘near-final’ rules published today around 210,000 additional UK SMEs will be eligible to complain to the ombudsman service.
10/15/2018
City braced for more departures
The Bank of England warned last week against the bloc using derivatives as a Brexit bargaining tool, risking financial stability.
10/15/2018
Lithuanian, Ukrainian central banks sign fintech cooperation agreement
The Bank of Lithuania and the Monetary Authority of Singapore signed their fintech cooperation agreement last March.
10/15/2018
Richest Clients Are Being Penalized by MiFID, Nordea Bankers Say
If someone is categorized as a retail investor, he or she might not be granted the same access to complex investment products despite having the relevant expertise, the bankers said.
10/15/2018
Italy must abide by European rules, agreements - IMF's Lipton
The Italian coalition has set a deficit target of 2.4 percent of economic output for 2019, tripling the previous goal for the heavily indebted nation, unnerving investors and prompting sharp criticism from the Commission.
10/15/2018
Burford Capital raises more than $250 million for continued expansion
Burford pioneered institutional-quality commercial litigation finance and has a team in the US, Europe and Asia-Pacific, who work with clients around the world.
10/15/2018
Five reforms the ECB should embrace
The ECB’s primary objective is price stability, defined as “a rate of inflation below but close to 2 per cent”.
10/15/2018
UK fund manager flies in to court companies
Under his stewardship the company has seen its funds under management grow to about US$8 billion, mainly on the strength of its private clients.
10/15/2018
African Development Bank showcases investment opportunities in Africa to Nordic investors
The aim of the event was to bring the Bank closer to customers in order to increase awareness of key private sector stakeholders to understand the Bank’s financial and risk mitigation products for investment projects.
10/15/2018
UK’s largest businesses hit with £59m in fines by HMRC for ‘careless’ behaviour last year
Fines levied for ‘careless’ behaviour can be costly for businesses.
10/15/2018
CYBG completes acquisition of Virgin Money
The deal sees the creation of the UK’s sixth biggest bank and the first national banking competitor to the status quo
10/15/2018
Judge says Fos decision may be illegal
London's High Court heard Berkeley Burke was made to repay the £29,000 pension fund of Wayne Charlton.
10/15/2018
RBS chief cannot guarantee end to scandals under his watch
Ross McEwan was speaking around the 10-year anniversary of the bank's £45 billion Government bailout in 2008
10/15/2018
ESG wake-up call for pension laggards
Policymakers are trying to steer more UK schemes towards sustainable investing