Barclays and Royal Bank of Scotland are set to plead guilty this week to charges of rigging the foreign exchange market, with fines running into almost £3bn. The two banks are among the institutions that have been under investigation of manipulation of currency benchmarks since 2013. The Sunday Times reports both are set to accept substantial […]
Support services and compliance firm SimplyBiz has shelved plans to sell the business or launch an IPO and is instead exploring alternative funding options to remain independent. In January, SimplyBiz confirmed it was considering floating the business on the Alternative Investment Market or selling a stake in the firm to a trade buyer or private […]
The UK’s highest court is to hear an appeal by HMRC over two offshore schemes used by banks to shield staff payments from tax. The tax office will attempt to convince the Supreme Court that UBS and Deutsche Bank used the schemes to avoid tax in 2003 and 2004, the FT reports. Employees received shares […]
Talk of Mifid II has finally hit UK shores, having seemingly taken some time to travel upstream. Perhaps this is due to preoccupation with RDR and the sense we have already implemented the “tricky bit” of the new regulatory requirements: the commission ban. Mifid II will require all European IFAs to forgo commission. Some may […]
We know what it takes to run a successful auto-enrolment project in the retail industry. We are automatically there for some of the world’s best-known retailers at every stage of the process. Take a look at what we have done for our client House of Fraser.
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