‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Quango crackdown as Starmer reportedly set to slash civil service jobs March 12, 2025 The Prime Minister is reportedly planning to slash thousands of civil service jobs amid a crackdown on quangos, as he aims to radically overhaul the British state. Sir Keir Starmer will deliver a speech on Thursday, in which he will set out plans to cut thousands more Whitehall jobs than expected, according to the Guardian. [...]
FCA clarity on defence investment and green rules welcomed by MPs March 11, 2025 MPs have welcomed a move by the financial watchdog, clarifying that defence investments aren’t constrained by green or sustainability rules. The Financial Conduct Authority (FCA) released a statement on Tuesday morning clarifying their position on sustainability and defence investments. A spokesperson said: “Our sustainability rules do not prevent investment in or finance for defence companies. [...]
Regulator considers redress scheme in motor finance review March 11, 2025 In a statement this morning, the Financial Conduct Authority (FCA) has outlined its next steps in its motor finance review – including an industry-wide redress scheme if the Supreme Court upholds last year’s Court of Appeal ruling. The UK’s top court is expected to hear the appeal in early April as part of the growing [...]
Quilter hikes dividend as ongoing advice review drags on March 5, 2025 Asset management firm Quilter has reported a 17 per cent rise in adjusted profit to £196m for 2024, alongside a two-percentage-point improvement in its operating margin to 29 per cent. The wealth management firm, which provides advice and investment solutions across the high net worth and affluent market segments, recorded net inflows of £4.8bn. This [...]
Motor finance complaints hit record levels March 4, 2025 The UK financial ombudsman has received a record number of complaints about motor finance loans in the most recent quarter, according to new data. On Tuesday, the Financial Ombudsman Service (FOS) said that complaints about car loan cases had surpassed credit cards as the subject with the most unresolved complaints in the financial sector. Some [...]
Ex-Barclays boss case against FCA over relationship with Epstein goes to court March 3, 2025 Former Barclays boss Jes Staley is seeking to overturn an FCA ban after he was found to have misled the watchdog over his relationship with Jeffrey Epstein
Workers rights: Don’t let ‘rogue’ firms undercut good employers, MPs urge March 3, 2025 Changes to the government’s workers’ rights package should be made to ensure “rogue firms” don’t undercut Britain’s best employers, MPs have urged. The Employment Rights Bill, which is currently making its way through Parliament, should have loopholes closed to avoid some companies exploiting work insecurity, the House of Commons Business and Trade Committee (BTC) has [...]
Pisces: City figures raise concerns over viability of private market February 26, 2025 City figures have raised concerns over the Financial Conduct Authority’s plan for the new ‘Pisces’ market designed to allow share trading for private companies, warning that the scheme could “undermine the credibility of UK markets”. Pisces—the Private Intermittent Securities and Capital Exchange System—was devised by the previous government as part of efforts to revive UK [...]
Payments regulator reportedly could be scrapped as No10 slashes red tape February 23, 2025 The UK’s payments regulator could be scrapped and folded into another regulator as part of efforts by No10 to slash red tape, according to Sky News. Ministers are mulling whether to abolish the Payment Systems Regulator (PSR) and amalgamate it into the Financial Conduct Authority (FCA), the broadcaster has reported. A decision could come within [...]
How should Pisces be regulated? February 20, 2025 The regulator is swinging its eyes at private markets, should investors be worried? Asks Edwin Richards The Private Intermittent Securities and Capital Exchange System (Pisces) is the FCA’s answer to private companies working with privately run platforms to exchange shares. The FCA’s aim is to create a regulated market for trading shares in private companies. [...]