The Prudential Regulation Authority said Monday that it has fined HDI Global SE £4.1 million ($5.2 million) for inaccurately reporting potential claims data to a program that compensates consumers if an insurer collapses.
The Prudential Regulation Authority said Monday that it has fined HDI Global SE £4.1 million ($5.2 million) for inaccurately reporting potential claims data to a program that compensates consumers if an insurer collapses.
A London appellate judge has revived race discrimination claims brought by a former Barclays vice president, overturning a ruling by an earlier tribunal that the executive had waited too long to bring his case.
Andy Burnham succeeded Keir Starmer as British prime minister on Monday, pledging to end four decades of private sector-led policy by expanding state control over people's well-being and the economy.
Andy Burnham's government must prioritize a "stable, long-term" framework for defined benefit pensions in the U.K., with a clear focus on a range of already legislated reforms set to shake up the retirement savings landscape, a consultancy has said.
The government must encourage pension schemes to invest more in the domestic economy through targeted incentives and a stronger pipeline of investment opportunities, rather than impose mandatory size thresholds or deadlines, a trade body has warned.
Britain's finance watchdog has urged customers of insurance broker Anthony Jones (UK) Ltd. to check their policies after the company agreed to stop carrying out any regulated activity.
London-listed Segro said Monday that it has rejected a third takeover approach from U.S. real estate investment trust Prologis valuing it at £13.5 billion ($18.2 billion), but said it would be willing to engage in talks if an "improved proposal" was made.
Jonathan Herbst, Norton Rose's global head of financial services, discusses the importance of encouraging a team as a whole, how increasingly complex regulation means that deals come down to managing risk across multiple regimes, and why incremental short-term goals are just as important as longer-term plans.
