Banks and vehicle financing companies are expected to mount legal challenges to the Financial Conduct Authority's £7.5 billion ($9.9 billion) motor finance compensation program, threatening to capsize the plan and probably delay its implementation for months.
Banks and vehicle financing companies are expected to mount legal challenges to the Financial Conduct Authority's £7.5 billion ($9.9 billion) motor finance compensation program, threatening to capsize the plan and probably delay its implementation for months.
Litigation Capital Management Ltd. said Tuesday that there is still "material uncertainty" over whether the Australian disputes funder can continue to receive support from its lender, as it looks to recover after investing in a series of loss-making cases.
Some 57% of defined benefit pension schemes in the U.K. are considering using surplus extraction amid rising funding levels and forthcoming legislation designed to allow plans to invest billions of pounds tied up in retirement saving plans, Legal & General said Tuesday.
A majority of the U.K.'s largest defined benefit pension funds are now looking at alternative options to striking an insurance deal, a survey has found, as the government prepares to push through new rules that will allow £160 billion ($212 billion) to be reinvested into the economy.
Engineering group Senior PLC said Tuesday that its board and the Takeover Panel have extended the deadline for a consortium comprising private equity giant Blackstone and investment company Tinicum to formally make or cancel a takeover approach.
Howden Group Holdings said Tuesday that it has agreed to acquire the insurance and financial services consulting team of Hymans Robertson LLP to create a new actuarial and longevity advisory business for insurers.
Rosebank Industries PLC confirmed Tuesday that it plans to shift to the main market of the London Stock Exchange from the LSE's junior investment platform, potentially paving the way for the company to join the FTSE index.
