04/16/2024
Financial Services & Banking News
The PRA states it is issuing the statement to respond to clarifications requested by firms
Legal, Regulation & Compliance
04/15/2024
Ex-Man Utd footballer sues his former SJP adviser over £750k unclear fees
Chris Smalling is suing Klipp Wealth Management, a representative of SJP, for £750,000, alleging it failed to accurately disclose fees.
04/15/2024
Solvency II Review – Matching adjustment reform implementation considerations for 30 June 2024
The PRA will seek to ensure that no unintended changes are made to the PRA’s policy on assets which are considered to have ‘fixed’ cash flows.
04/15/2024
Addleshaw Goddard: Financial Services & Banking News
The 2024 Workplan refreshes the 2023-2024 IOSCO Work Programme.
04/12/2024
The furnished holiday lettings regime checks out
FHL owners who are individuals enjoy tax advantages unavailable to owners of standard property rental businesses.
04/12/2024
ECB holds rates but signals first cut could come soon
Given the Federal Reserve is now expected to resist making any cuts for some time yet, and the Bank of England faces a difficult balancing act, the ECB could well be the first to make a move.
04/12/2024
FCA sets out findings against Link Fund Solutions
In a separate action, the FCA has issued warning notices to Neil Woodford and WIM proposing to take action against them for their conduct in the management of the WEIF.
04/12/2024
Generali Switzerland: Trouble about rental deposits
The provider of digitally processed rental deposits has filed a lawsuit against the Swiss subsidiary of the Italian financial group at the Bern Commercial Court.
04/12/2024
Addleshaw Goddard: Financial Services & Banking News
Under the Digital Operation Resilience Act (DORA), and starting from 2025, financial entities will have to maintain registers of information regarding their use of ICT third-party providers.
04/11/2024
Banking stability: Federal Council wants to close gaps in too-big-to-fail regulation
Banking stability: Federal Council wants to close gaps in too-big-to-fail regulation
04/11/2024
FCA report shows millions still struggling with bills
More than five million have missed payments recently, though that’s an improvement from the previous year.
04/11/2024
Woodford points finger at Link and FCA as watchdog proposes action
Regulator claims fund manager Neil Woodford had a defective and unreasonably narrow understanding of his responsibilities.
04/11/2024
Prudential Regulation Authority Business Plan 2024/25
The 2024/25 Business Plan sets out the workplan for each of the PRA’s strategic priorities, together with an overview of the PRA’s budget for 2024/25.
04/10/2024
FCA publishes finalised guidance on social media and financial promotions
The FCA has repeated its guidance that financial promotions must be standalone compliant, irrelevant of the media used
04/10/2024
The Rise of Private Equity in UK Real Estate
As a business we are increasingly seeing the positive role private equity can play on a soft market and the London office market is a natural target.
04/10/2024
Scottish Widows improves controls after £14k cheque sent to wrong client
Scottish Widows was contacted by the company owner once again to flag his company did not have a policy with the provider and was sent the cheque by mistake.
04/10/2024
New way of paying for investment research proposed by the financial regulator
Now the FCA has proposed giving asset managers greater freedom in how they pay for research, supporting their investment decisions.
04/09/2024
IMF warns $2trn 'opaque' private credit sector could amplify financial vulnerabilities
Concerns over semi-liquid fund growth
04/08/2024
Santander product changes ‘step in the right direction’
Albion Financial Advice director, Dariusz Karpowicz said raising LTV limits on large loans and tweaking its affordability calculator showed a keenness to lend more freely.
04/05/2024
The UK payments landscape: 2024 and beyond
This review considers the digital payments landscape and provides recommendations to the Government with regards to the future of payments in the UK.