News
Generali confirms Guernsey merger completion date
Generali International, the offshore arm of the Generali Group, has confirmed when its amalgamation with Generali Worldwide Insurance Company will be completed.
Retirement | news 18 Oct 15
UK lawmakers call for action on financial advice gap
The UK pension freedoms introduced in April this year are not yet operating as well as they should, and the provision of affordable advice was “woefully inadequate”, a new report from a parliamentary oversight committee found.
Hong Kong plans to extend resolution powers to unregulated firms
Unregulated financial firms in Hong Kong will now be included in the city’s budding resolution regime, which will give the regulators greater powers to minimise the impact failed institutions have on the local economy.
United Kingdom | news 16 Oct 15
FCA bans former UBS rogue trader Adoboli
The Financial Conduct Authority has banned Kweku Mawuli Adoboli, the former UBS trader who unauthorised trading caused the Swiss bank to lose $2.25bn, from performing any function in relation to any regulated financial activity.
Technology | news 15 Oct 15
Regulatory uncertainty frustrates pace of robo-advice growth
Continued regulatory uncertainty is and will continue to frustrate the growth of the robo-advice industry in the UK, says Numis’ analyst David McCann.