Crispin Odey "repeatedly violated" ethical rules for those working in financial services by frustrating an internal investigation into his sexual misconduct, the Financial Conduct Authority told the first day of an appeal hearing on Tuesday.
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Odey 'Violated' Ethics Over Sex Misconduct Probe, FCA Says

By Sophia Dourou

Crispin Odey "repeatedly violated" ethical rules for those working in financial services by frustrating an internal investigation into his sexual misconduct, the Financial Conduct Authority told the first day of an appeal hearing on Tuesday.

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Avison Young Settles £28.5M Valuation Negligence Case

By William Janes

Avison Young has settled a claim worth almost £28.5 million ($38.3 million) from a group of lenders that alleged the property services giant provided a negligent valuation which led them to issue loans for a failed holiday park development.

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Brief

FRC Investigates Vistry Accountants Over Financial Forecasts

By Christopher Crosby

The U.K.'s accounting watchdog on Tuesday launched a probe into two former employees of Vistry in the wake of a £165 million ($222 million) miscalculation two years ago that cut into the homebuilder's profits.

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LITIGATION

KPMG Blocks Ex-Staffer's Bid To Revive Claim In Payout Row

By Max Austin

A tribunal has refused to reopen a former employee's case against KPMG, finding she was not misled when she withdrew her claims against the Big Four firm before emergency tax was applied to her settlement payout.

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POLICY & REGULATION

FCA Pushes Pension Providers For Input On Value Creation

By Alex Davidson

The Financial Conduct Authority called on pensions providers and managers on Tuesday to prioritize further engagement with the regulator on a planned framework for workplace pensions, asking them to show how much value for money they offer.

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UK Insurers' Body Backs 'United' Gov't Anti-Fraud Strategy

By Joel Poultney

The Association of British Insurers said on Tuesday that it backed the "united approach" at the heart of the government's latest fraud strategy, which is designed to prevent the most common crime in the U.K.

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UK Pension Surplus Growth May Dip Amid Middle East War

By Joel Poultney

The conflict in the Middle East has introduced "significant volatility and uncertainty" for pension scheme trustees despite the aggregate funding surplus of U.K. defined benefit plans growing in February, Broadstone said Tuesday.

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LAW FIRMS IN TODAY'S NEWS

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4 Stone Buildings

Burges Salmon

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Fountain Court Chambers

Kingsley Napley

QEB Hollis Whiteman

Simmons & Simmons

COMPANIES IN TODAY'S NEWS

Association of British Insurers

Avison Young Inc.

KPMG International

Odey Asset Management LLP

GOVERNMENT AGENCIES IN TODAY'S NEWS

Financial Conduct Authority

Financial Reporting Council

HMRC

National Crime Agency

UK High Court

UK Pensions Regulator

UK Upper Tribunal