The Financial Conduct Authority warned Wednesday that some companies are failing in their responsibilities by approving adverts that are released by non-FCA regulated businesses.
Insurance giant Royal London said Wednesday that it has picked up £42 million ($56.5 million) in pension liabilities from jeweler F.Hinds, in a deal advised by Addleshaw Goddard LLP and Mayer Brown LLP.
Mashreq, a former major lender to the collapsed private equity giant Abraaj Group, has sued three Abraaj entities after a London court upheld the bank's claim to a disputed $37 million debt assigned as security for a 2017 loan extension.
A real estate management company has accused a rival of infringing its "Praxis" trademark, telling a London court that unhappy apartment block residents were confused by the brands and had written negative online reviews against the wrong company about rats and damp.
The Association for Financial Markets in Europe has warned that rules proposed by the EU's banking watchdog must not lead to national regulators finding senior managers unsuitable because of anti-money laundering failings at the company level.
The total value of pension surpluses released under new reforms could be much lower than the £160 billion ($215 billion) figure originally touted by the government, a think tank said Wednesday.
Scandinavian Airlines has completed a pension buy-in transaction worth £61.8 million ($831 million) for a staff retirement savings plan, securing the benefits of 708 members, Just Group PLC said Wednesday.
HSB UK & Ireland has completed a £36 million ($48.4 million) full-scheme buy-in transaction, securing the retirement benefits of 319 members of the insurance provider's program, Canada Life said Wednesday.
A recent Institute of Chartered Accountants' article highlights a growing trend of requests to extend going concern assessment periods to 15 months or more, potentially leading to auditors assuming a duty of care to third parties, say lawyers at RPC.
