PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, has welcomed proposals from the Financial Conduct Authority (FCA) that would ban claims management companies from managing Financial Services Compensation Scheme (FSCS) claims where they have a relevant connection to the claim; a practice known as 'phoenixing'.
Legal & Regulation
PIMFA welcomes FCA proposals to enhance consumer protections but warns against unintended consequences
PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, has given a cautious welcome to the Financial Conduct Authority's proposals to enhance consumer protections in the consumer investment market; yet it warns against unintended consequences.
Aidan Grant, Associate at Collyer Bristow, outlines why, despite a common language, and many common terms, US and UK tax and succession law needs to be considered carefully by those with connections on both sides of the pond…
The Pensions and Lifetime Savings Association (PLSA) has commented on the Government’s intention to extend the Taskforce for Climate Related Financial Disclosures.
Coalition of organisations urges UK government to use Online Safety Bill to protect people from an avalanche of online scams
A coalition of organisations championing consumers, and representing civil society and business, have today joined forces to warn that the UK risks failing in its ambition to be the safest place in the world to be online, unless it uses new laws to protect people from an avalanche of online scams.
The decision to amend the rules surrounding Guernsey’s Private Investment Fund (PIF) options is aimed at enabling more investors to take advantage of the structure, increasing the attractiveness of Guernsey as a jurisdiction of choice.
Quilter, a FTSE 250 listed wealth manager, has written to the UK Prime Minister and the Minister for Digital and Culture calling on the government to include scams and other financial harms within scope of the forthcoming Online Safety Bill.
The Pensions Scams Industry Group (PSIG), which was established in 2014 to help protect pension scheme members from scams, has announced the publication of version 2.2 of its Code of Good Practice on Combating Pension Scams.
PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, has welcomed the enhancements to consumer protection laid out in the new Work and Pensions Committee Report 'Protecting pension savers - five years on from the pension freedoms: Pension scams'.
PIMFA, the trade association for the wealth management, investment services and the investment and financial advice industry, has welcomed the announcement that the Financial Conduct Authority (FCA) is extending the relaxation of the 10 per cent depreciation notice requirement for firms until the end of 2021 and will consult on permanent change.