United Kingdom
United Kingdom | 17 Mar 15
HSBC steps up checks on Jersey customers
HSBC has stepped up scrutiny of its onshore account holders in Jersey although clients with the bank’s Expat Account are not affected.
United Kingdom | 16 Mar 15
Life companies welcome UK annuity resale plans
UK life companies have cautiously welcomed an announcement by UK chancellor George Osborne to give up to five million current pensioners the right to swap their annuities for cash in this week’s budget due on Wednesday.
United Kingdom | 13 Mar 15
FCA sets final rules on social media use
The UK’s Financial Conduct Authority has ruled that when a financial services firm shares customer endorsements over social media it could be covered by its promotion rules, and it has set out clearer guidance on how employees can use their personal social media accounts.
United Kingdom | 11 Mar 15
Pension industry jointly responsibile for clients
There is a new and clear division of responsibility in the UK between consumers, the pensions industry and government policy makers coming into effect after 6 April that is a long way from the current system, the Financial Conduct Authority said.
People Moves | 10 Mar 15
Pru boss Tidjane Thiam to head Credit Suisse
Prudential boss, Tidjane Thiam, has stepped down from his role at the insurance giant after posting a strong set of profit figures for 2014 and is to join European bank, Credit Suisse, as chief executive.