Investors have sued British American Tobacco in England over the cigarette company's failure to disclose information about its activities in North Korea, which led to it paying U.S. authorities hundreds of millions of dollars for violating sanctions.
Investors have sued British American Tobacco in England over the cigarette company's failure to disclose information about its activities in North Korea, which led to it paying U.S. authorities hundreds of millions of dollars for violating sanctions.
A fintech investor's negligence claim against Linklaters has been dismissed, in which it had alleged that the Magic Circle firm had failed to spot a "large-scale fraud" against a company that the investor had acquired, court records show.
An independent opinion given to the European Union's highest court found Thursday that Polish bank PKO BP could not refuse to immediately refund an unauthorized transaction on grounds of the customer's gross negligence.
The government must abandon its plan to introduce a power that would allow it to mandate pension funds to make certain investments, Pensions UK has said, claiming that Whitehall's failure to drop the measure would hamper competition in the open market.
Governance frameworks must evolve to match the complexity and emerging risks that will come from a pensions sector marked by fewer, larger programs, TPT Retirement Solutions said Thursday, calling for stronger safeguards to protect trustee independence.
The U.K. government confirmed the designation of two investment zones in Scotland on Thursday that will offer tax relief to businesses in renewable energy and other sectors.
Britain's retirement savings watchdog said Thursday that new data signaled a landmark shift from a workplace savings system to a pensions system with retirement income options ahead of legislative change, but warned that smaller providers lagged behind.
