05/09/2024
Bank rate maintained at 5.25% - May 2024
Monetary Policy Summary and minutes of the Monetary Policy Committee meeting
Legal, Regulation & Compliance
05/08/2024
Ex-CEO of Shard Capital Partners fined and banned by FCA
The decision following two separate instances of providing incorrect information about clients’ cash
05/08/2024
Vistra secures license to deliver fund administration services from Ireland
The license enables us to better serve our clients across Vistra globally, strengthening our foothold within Europe and opening the Irish market so that we can contribute to the growth ambitions of new and existing fund clients.
05/07/2024
TPR sets out plan to protect savers amid pensions market consolidation
It said it will support consolidation in the pensions market where it offers value and security to savers.
05/07/2024
Withers wins application brought against Accenture in discrimination and unfair dismissal claim
Although Accenture argued Mr Lacy's application did not meet the high threshold necessary for a strike-out or deposit order to be awarded, the tribunal disagreed.
05/07/2024
FCA bans and fines James Lewis £120,300 for putting investors at risk
In addition, between June and July 2021, Mr Lewis provided misleading information to a further client purporting that Shard held substantial sums on its behalf.
05/03/2024
Police raid 12 call centres across Europe for making thousands of ‘fake investment’ calls
39 fraudsters were involved who cost the victims potentially more than €10m
05/03/2024
Fresh call for UK copyright law to be updated for AI age
The issues with copyright are manifesting right now and problematic business models are fast becoming entrenched and normalised
05/03/2024
European Commission makes first ‘qualitative’ designation under Digital Markets Act
Under the DMA, a digital firm can be “presumed” to have gatekeeper status in respect of a core platform service
05/03/2024
New London Base for Guernsey Finance
The decision to open an office was made following a lengthy consultation with industry stakeholders and will be used by the Guernsey Finance team to facilitate its busy schedule of meetings.
05/02/2024
HMRC rejecting high numbers of SSAS applications, AMPS warns
We are becoming increasingly concerned that HMRC are rejecting new SSAS approvals.
05/01/2024
Building operational resilience at the heart of the financial system − speech by Sasha Mills
Given at the London Institute of Banking and Finance
05/01/2024
HMRC is rejecting increasing numbers of SSAS approvals warns association
A number of Association of Member-Directed Pension Schemes members have reported rejections on new applications and delays in communication
05/01/2024
AFH sues ex-adviser for £1.6m in restricted covenant breach claim
The wealth firm alleges that ex-adviser Samantha Baker broke a restricted covenant to take 121 clients with her to Regentia Lifestyle Planning.
05/01/2024
FSCS declares firm in default over poor pension transfer advice
The last two provided investment advice, and recommended clients transfer their pensions into self-invested personal pensions
05/01/2024
Are you prepared for FCA’s next deep dives?
The FCA will be looking closely to ensure it is not a compliance-led or tick box rubber stamping exercise.
05/01/2024
Crypto regulation in the UK: what are stablecoins?
The rationale behind the legislative approach was, along with other jurisdictions, to bring cryptoassets into the same regulatory perimeter as other asset classes.
05/01/2024
Chancellor Hunt warns FCA over ‘name and shame’ plans
The regulator is consulting on plans to name firms under enforcement investigation when it is in the public interest, but the industry is fiercely opposed.
04/30/2024
Insurance intermediaries: mandatory follow-up documentation to be submitted to FINMA by the end of June 2024
Insurance intermediaries who submit their follow-up documentation by then may continue to operate as insurance intermediaries until FINMA decides whether they meet the registration requirements.
04/29/2024
FCA issues almost 600 alerts in initial months of tighter financial advert rules
11% related to clone scams