Lex Greensill has accepted a nine-year ban from serving as a U.K. company director, ending a legal challenge to government action following the collapse of his supply-chain finance firm, the Insolvency Service said Thursday.
Lex Greensill has accepted a nine-year ban from serving as a U.K. company director, ending a legal challenge to government action following the collapse of his supply-chain finance firm, the Insolvency Service said Thursday.
The City watchdog said Thursday that it has launched an investigation into a car finance claims management company over concerns that consumers might have been signed up without their consent using forged signatures.
The Financial Conduct Authority's long-awaited motor finance redress scheme is on hold because a consumer group and three lenders have referred it to the Upper Tribunal for judicial review, claiming it is unfair.
The U.K.'s tax authority told a London court Thursday that a shareholder payout falls within anti-tax avoidance rules in a case concerning the tax treatment of £10 million ($13.4 million) in shares paid out following a capital reduction.
U.K. legislation requiring multi-employer pension schemes to consolidate into "megafunds" with at least £25 billion ($33.6 billion) in assets is not guaranteed to deliver higher returns for savers, the Pensions Policy Institute (PPI) said on Tuesday.
A retirement savings organization designed to improve pensions administration has issued guidance that it said would strengthen understanding of career pathways in the sector, amid concerns of unclear progression routes and changing expectations around roles.
A government-backed organization that provides consumers with financial guidance will receive £4 million ($5.4 million) in funding to help financially stressed small businesses and sole traders, HM Treasury said on Thursday.
A motor dealership has offloaded £160 million ($215 million) of its pension scheme liabilities to insurer Just Group, in a deal guided by CMS Cameron McKenna Nabarro Olswang LLP.
The recent U.K. Supreme Court judgment in Kession Capital v. KVB Consultants, turning on the construction of Section 39 of the Financial Services and Markets Act 2000, sets an important precedent in elucidating a Financial Conduct Authority-authorized person's responsibility for its appointed representative's activities, say lawyers at Signature Litigation.
