LV= chairman Alan Cook is to step down after a £530m recommended deal by a US private equity firm to take over the mutual failed to win enough support from LV= members. The acquisition by Bain Capital, recommended by the LV= board, failed to get enough support from LV= members in a crucial vote today. […]
Archives for December 2021
Providers boost help for economic abuse victims
Consumers facing financial difficulties due to being victims of economic or financial abuse will get more support in future, an industry trade body says. Economic and financial abuse occurs when vulnerable people are targeted by others, often a partner who takes control of all or part of their finances. To tackle the issue provider trade […]
Providers boost help for economic abuse victims
Consumers facing financial difficulties due to being victims of economic or financial abuse will get more support in future, an industry trade body says. Economic and financial abuse occurs when vulnerable people are targeted by others, often a partner who takes control of all or part of their finances. To tackle the issue provider trade […]
LIBOR rate to end in 3 weeks
The FCA has confirmed that the 45-year-old sterling LIBOR rate will be killed off at the end of the year. The LIBOR rate will make its final appearance on New Year’s Eve. The Swiss franc LIBOR, euro LIBOR and the panel bank rate for Japanese yen will also end. New use of US dollar […]
LIBOR rate to end in 3 weeks
The FCA has confirmed that the 45-year-old sterling LIBOR rate will be killed off at the end of the year. The LIBOR rate will make its final appearance on New Year’s Eve. The Swiss franc LIBOR, euro LIBOR and the panel bank rate for Japanese yen will also end. New use of US dollar […]
Bitcoin ETF or ETF with Bitcoin exposure? Why the difference matters
New IRS Cash App Reporting Rules Take Effect January 2022: What to Know
Over 75% of consumers use payment service apps. And if you’re part of the growing percentage of small businesses (23% in 2019, to be exact) that accept peer-to-peer (P2P) payments, you should know about the new IRS cash app reporting rules. So, what exactly is a P2P transfer? What are the 2022 P2P reporting rules, […]
FCA’s Rathi probed by Treasury over bonuses and authorisations
The Treasury Committee has questioned FCA CEO Nikhil Rathi over the regulator’s bonus scheme, fee rises, and backlog in firm authorisations. Mr Rathi was questioned by The Treasury Committee yesterday. Committee chair Rt Hon. Mel Stride MP raised concerns around the FCA’s November fee proposals which contain a significant uplift for firms’ minimum fees. He […]
Grantor trust strategies to enact before the Biden tax laws kick in
FCA acts on credit broker offering investments
The FCA has barred another credit broker suspected of offering investments as concern grows about a network of credit brokers misusing their permissions. The FCA said it had “serious concerns” about Renaissance Advisory Ltd of Ilford, Essex. The FCA has stripped Renaissance of its Part 4A permission to conduct regulated activities and removed the firm’s […]