The former boss of London Capital & Finance PLC was hit with a six-month prison sentence Thursday for breaching an order imposed by the Serious Fraud Office during an investigation into the £237 million ($317.9 million) collapse of the company.
The former boss of London Capital & Finance PLC was hit with a six-month prison sentence Thursday for breaching an order imposed by the Serious Fraud Office during an investigation into the £237 million ($317.9 million) collapse of the company.
The Bank of England said Thursday that it will loosen rules to make it easier for foreign insurers to operate in the U.K. as part of an effort to boost the national economy.
Standard Life PLC has said it has insured £200 million ($268 million) of the liabilities of its own staff pension program, in a deal guided by Linklaters.
U.K. Chancellor of the Exchequer Rachel Reeves announced plans Thursday to restrict offshore tax planning by energy multinationals as part of a series of fiscal measures, including cuts to fuel duty and value-added tax.
The U.K. has topped mainland Europe as the leading destination for foreign investment in financial and professional services despite Brexit and global volatility, the governing body of the City of London said on Thursday.
Most U.K. defined benefit pension programs have now decided their long-term plans for their eventual managed wind-downs, including buyouts by insurance groups, an Aon PLC report showed on Thursday.
