[ad_1] The asset management industry plays an important role in the UK’s economy. Asset managers seek returns for investors by investing in a variety of assets. Over £1 trillion is managed for individual investors and £3 trillion on behalf of UK pension funds and other institutional investors. The FCA’s asset management market study presented evidence of […]
Mobile firms refuse to rule out return of roaming charges after Brexit
[ad_1] Since 2017, mobile phone firms have been banned from charging you extra fees to use your UK allowance of minutes, texts or (most) data when in the European Union. But once we leave the EU, this will no longer be the case. If the UK Government agrees a ‘deal’ with the EU before Brexit, then […]
Premium Bond minimum lowered to £25 today
[ad_1] Previously, the minimum amount you could save was £100 (or £50 by standing order), but this has now been reduced – for both one-off purchases and regular savings. The maximum Premium Bond holding remains at £50,000. The change was announced in last year’s Budget, alongside the news that adults, other than parents and grandparents, […]
TV licence costs to rise from April
[ad_1] The cost of an annual black and white licence will rise from £50.50 to £52. Those already buying a licence on an instalment scheme which started before 1 April 2019, such as monthly direct debit or weekly cash payments, will continue to make payments totalling £150.50 until their licence comes up for renewal. And […]
20,000+ TSB complaints yet to be resolved
[ad_1] TSB has resolved around 90% (181,000) of the 204,000 customer complaints received since its IT migration last year [ad_2] Source link
Brexit – what we expect firms and other regulated persons to do now
[ad_1] In June 2018, we set out our role in – and approach to – preparing for Brexit, including in a scenario in which no withdrawal agreement is concluded and there is no implementation period. We advised that we do not expect firms and other regulated entities providing services within the UK’s regulatory remit to […]
Premium Bond minimum lowered to £25 today
[ad_1] Previously, the minimum amount you could save was £100 (or £50 by standing order), but this has now been reduced – for both one-off purchases and regular savings. The maximum Premium Bond holding remains at £50,000. The change was announced in last year’s Budget, alongside the news that adults, other than parents and grandparents, […]
FCA agrees MoUs with ESMA and EU regulators to allow cooperation and exchange of information
[ad_1] The MoUs cover cooperation and exchange of information in the event the UK leaves the EU without a withdrawal agreement and implementation period. Until an agreement is reached the FCA will continue to plan for a range of scenarios, including if the UK leaves the EU without an agreement. The MoUs are: a multilateral […]
Financial Conduct Authority outlines how it would use the temporary transitional power
[ad_1] The temporary transitional power would give the FCA the ability to delay or phase in changes to regulatory requirements made under the EU (Withdrawal) Act 2018 (the legislation that has enabled the ‘onshoring’ of EU legislation and rules into the UK rulebook) for a maximum of 2 years from exit. The FCA intends to make […]
Requirements for UK trade repositories and reporting counterparties
[ad_1] Any TR wishing to offer its services in the UK will need to be registered with, or recognised by us. The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 provides: a conversion regime for UK based TRs who have an ESMA registration and want to keep a presence in the UK a […]