The Financial Services Compensation Scheme has published its latest list of defaulted firms, with financial and investment advice firms accounting for more than half. A total 12 advice firms are named on the list of 21 firms, along with London-based investment specialist Vantage Investment Group. London-based adviser Sequant Capital Limited has been named on the […]
Tesco Bank has become the latest lender to pull out of the mortgage market. The supermarket bank will stop offering mortgage deals to new customers with immediate effect. It also confirmed it is looking for a buyer for its existing mortgage portfolio. Tesco said this strategic review was the result of more challenging conditions in […]
MPs from across the political spectrum have backed a call for the chief executive of the FCA, Andrew Bailey, to step down following the collapse of mini-bond firm London Capital & Finance. The incident saw over 11,000 bondholders lose more that £230m. An early day motion put forward on 1 April states: “This House… believes […]
British Steel is due to enter the insolvency process after the collapse of rescue talks between parent company Greybull Capital and the government. The move puts 5,000 jobs at risk and is the latest blow to the embattled industry. Reuters had previously reported multiple sources saying the £30m government loan requested had not materialised, placing […]
This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.
I heard an oxymoronic gem from a fellow Gooner in Azerbaijan last week ahead of the Europa League final. “Keep your wits about you, lads,” he said. “The police here will just grab you and throw you in the cells. They don’t take no prisoners!” The fan’s concern for his compatriots was great but his articulation […]
Investors from collapsed wealth manager Greyfriars Asset Management should be able to get some type of compensation, say administrators Smith & Williamson. Greyfriars went into liquidation in October 2018 when Smith & Williamson were appointed as joint administrators to the troubled provider. A six-month progress report published on Companies House sheds light on how the administration work […]
Aviva has confirmed there are no plans to split its UK business in two parts despite talks last month of a shake-up under new chief executive Maurice Tulloch. The Financial Times reported in May that the life insurance and non-life insurance parts of the UK operation could be split in a bid to re-energise the […]