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Legal challenge over MetLife ‘too big to fail’ ruling

The US government is to launch a legal challenge after a judge found a decision to classify MetLife as “too big to fail” was unlawful. The Financial Times reports a previously confidential ruling was made public yesterday which found the US government’s decision that the provider was a threat to financial stability was “arbitrary and […]

Leader: Judgement by committee is found wanting

“A sobering day for the industry.” That was how providers described the scathing Office of Fair Trading report into workplace pensions back in 2013, which criticised the proliferation of high-charging legacy schemes, poor governance standards and a lack of transparency on costs. To tackle these challenges, and to restore some sense of balance and fairness […]

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FCA fines Catalyst boss £450k after appeal fails

The chief executive of failed investment firm Catalyst Investment Group has been fined £450,000 after the Court of Appeal rejected his application to appeal. In 2015 the FCA sought to ban and fine Timothy Roberts for his part in the collapse of Catalyst. The regulator said the firm mislead investors when promoting bonds issued by […]

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Pension freedoms generate £900m for Treasury

Taxes generated by the pension freedoms are almost 30 per cent higher than forecast, according to figures from the Office for Budget Responsibility. In the OBR’s economic and fiscal outlook, released yesterday alongside the Budget, the economists said Treasury coffers were boosted by £900m as a result of the reforms. The sum is a dramatic […]

Happy while you work

Well we’ve had scorching weather (yes even up here in Scotland!) and now the Euros 2016 are on – you can’t blame people for wishing life was just one big holiday.  With all these distractions it sometimes feels like work just gets in the way of having a good time! But sunny day skivers are […]

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