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Nick Watson, Compliance, Clarke Fencott LLP

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Hexam managing partner Collings steps down from role

Hexam Capital Partners Bryan Collings has stepped down as managing partner to focus on running the firm’s fund range Collings relinquished the role at the beginning of June and is now focusing on the firm’s investments, being lead manager across its fund range. A replacement managing partner has yet to be named. Hexam investment partner […]

Bank payout over missold interest rate swaps hits £500k

Banks have paid out a total of £500,000 so far to customers missold interest rate swaps, according to new Financial Conduct Authority figures.   The regulator first raised concerns about the ways banks sold interest rate swaps in June 2012. The FCA carried out a review of 173 sales of interest rate swaps and found […]

Lloyds seeks more time to sell TSB branches

Lloyds Banking Group is looking to extend the November deadline given to the bank by the European Commission to sell 631 of its branches by up to two years. The Financial Times reports Lloyds is in talks with the Treasury for a revised plan to sell the branches, with a deadline extension request to be […]

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Tokyo Olympics win boosts Japanese markets

The Nikkei jumped 2.48 per cent as Tokyo was named host of the 2020 Olympic and Paralympic Games. The Nikkei 225 index closed at 14,205.23 following the news – an increase from the 13,860.81 posted on Friday. Tokyo has not hosted the games since 1964, and beat Istanbul and Madrid over the weekend in an […]

Parental leave and pensions

Fiona Hanrahan  – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]

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