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Odey has struggled with redemptions since a report earlier this month claimed allegations of sexual assault and harassment from founder Crispin Odey towards 13 women over a 25-year period
29/06/23

The Financial Conduct Authority (FCA) has taken action to make three additional firms reverse the effects of misleading British Steel Pension Scheme (BSPS) redress offers. The watchdog said that Alpha Financial Services made offers of £100 to 100 per cent of its clients; QED Financial Associates offers of £300 to 93 per cent of its clients; and Harvest Associates offers of either £50 or £200 to 91 per cent of its clients.
05/06/2023

A report by a group of European supervisory bodies has found that there is a “clear increase” in the total number of potential cases of greenwashing across all sectors of the financial industry, including for EU banks.
2/6/2023

In a statement, the FI said that “none” of the country’s insurers, banks and pension providers “have any large direct exposure of their own to the US banks that have run into problems"
13/03/23

The UK’s financial inclusion gap means that nearly 11 million women don’t have access to mainstream financial products, according to new research by TotallyMoney and PwC.
7/3/2023

The Financial Conduct Authority (FCA) has expressed concerns over unsolicited settlements being offered to former members of the British Steel Pension Scheme (BSPS). The watchdog recently published its final rules for a redress scheme which ordered firms to remediate former members of the BSPS who received “unsuitable advice” to transfer out.
23/02/2023

Pre-tax profits at NatWest increased by more than a third to £5.1 billion last year, according to the bank's latest financial results.
17/2/2023

The bank will acquire 85 per cent of the workplace pensions and ISAs company for £144 million, with Natwest saying that the deal would allow it to offer a new range of financial products to commercial customers and their staff
15/02/23

Tesco Bank is set to raise by £1,250 the salary for over 3,400 of its staff. Negotiated to help employees throughout the cost-of-living crisis, the salary uplift follows discussions between the (Union of Shop, Distributive and Allied Workers (Usdaw) and the supermarket’s banking arm.
19/01/2023

The Financial Conduct Authority (FCA) has set out new standards for pensions operators. The rules, for operators of pension dashboards and providers of non-workplace pensions, will provide consumers with “easier access” to information about their pension savings, the watchdog said.
02/12/2022

The Financial Conduct Authority (FCA) has published its final rules for a scheme to remediate former members of the British Steel Pension Scheme (BSPS), who received “unsuitable advice” to transfer out. The FCA anticipates that over 1000 consumers will receive redress from the scheme, stating that firms will have to review the advice they gave and pay redress to those who lost money because of unsuitable advice.
28/11/2022

Penfold has launched an Advisor Portal which it says is designed to simplify the process of managing pensions and payroll schemes on behalf of SMEs. The pension provider's new services are aimed at accountants, payroll bureaus and business advisors. It will automate processes which are time consuming such as managing opt-outs and postponement periods, said the company.
29/09/2022

Zurich has partnered low-code platform provider Mendix to roll out new solutions as part of its digital transformation strategy.The insurance giant has deployed Mendix technology across the business for two new solutions including a new digital portal called ‘my plans’ which will enable 1.5 million customers to access their pensions and investment information online in one place.
08/07/2022

The World Bank’s board of executive directors has approved a $723 million emergency support package for Ukraine. The package includes a $100 million pledge from the UK.
8/3/2022

UK workplace savings FinTech Cushon has closed a £35 million fundraising round and announced its third acquisition. This brings the total raised over the past two years to £61 million.
20/1/2022

Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?

Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.