HSBC is likely to keep its headquarters in London after it won a number of concessions on tougher banking regulation. The Sunday Times reports that following cuts to the banking levy and a relaxation of ring-fencing rules that require banks to split their retail and investment arms, HSBC is leaning towards keeping its base in […]
The FCA has banned Kweku Adoboli, the former UBS trader who lost £1.4bn of the bank’s money, from financial services. Adoboli was found guilty of two counts of fraud and jailed for seven years in November 2012. The regulator says his conviction demonstrates a clear and serious lack of honesty and integrity. In reaching its […]
Scottish Widows chief executive Toby Strauss is leaving the business after four years. Parent company Lloyds Banking Group has appointed Antonio Lorenzo as Strauss’s replacement. Lorenzo will also act as interim group director of the company’s insurance division. He will remain responsible for the consumer finance and group corporate development arms while he leads the […]
The topic I have discussed most over the last 12 months is pension death benefits and the one thing I am asked time and again is whether we should now revoke the discretionary trust nomination in favour of named persons. My answer? I do not know: it is a very personal decision and tends to […]
This year looks set to bring a new danger for pension savers and their employers.
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