Carter-Ruck Pro Cleared Over Alleged OneCoin SLAPP

By Sophia Dourou

A disciplinary tribunal on Friday dismissed allegations that a Carter-Ruck partner improperly threatened to sue a whistleblower who exposed the multibillion-dollar OneCoin cryptocurrency scam, ruling that the case against her "was based on hindsight" rather than misconduct.

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Nationwide Fined £44M For Financial Crime Control Failings

By Alex Davidson

The Financial Conduct Authority said on Friday that it has hit Nationwide Building Society with a £44 million ($58 million) fine over its inadequate financial crime systems and controls, adding that the lender had "failed to get a proper grip."

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Analysis

FCA Misconduct Update Still Leaves Firms 'In The Dark'

By Adele Redmond

Clarity from the Financial Conduct Authority on the limits of its powers to tackle bullying and harassment will come as a relief to professionals — but lawyers have warned that non-banking companies must now join lenders to broaden staff training, revisit conduct policies and strengthen whistleblowing protocols.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

This past week in London has seen Shell hit with a climate change claim from 100 survivors of a typhoon in the Philippines, London Stock Exchange-listed Oxford Nanopore bring legal action against its co-founder, and the editors of Pink News sue the BBC for defamation following its investigation into alleged sexual misconduct at the news site.

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FCA Clarifies Guidelines For Non-Financial Misconduct

By Alex Davidson

The Financial Conduct Authority released widely anticipated final guidance on its rules for non-financial misconduct such as bullying, harassment and violence on Friday, including on how far the measures will apply to private life and social media.

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Collective Pension Rules Need Safeguards, Trade Body Says

By Joel Poultney

Plans by the U.K. government to allow savers to transfer their retirement pots into a collective program must be supported by strong safeguards to protect retirees against unforeseen hitches such as market volatility and mispricing, a trade body has said.

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Still 'Too Much Complexity' In Savers' Retirement Choices

By Joel Poultney

Savers in the U.K. still face "too much complexity" over their retirement decisions, a pensions provider has said, warning that many are ditching official guidance and turning to social media platforms such as Facebook for information.

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Ashurst-Led Dutch Fintech To Buy Rival For €1B

By Tom Fish

Dutch financial technology company Mollie BV has agreed to acquire GoCardless, a U.K. bank payments provider, for €1.1 billion ($1.28 billion) to create a pan-European platform for more than 350,000 merchants.

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