Smart Pension snaps up £750m peer as government calls for consolidation grow July 17, 2023 Top workplace pension firm Smart Pension has snapped up a peer with some £750m under management as pressure from the government grows for faster consolidation in the sector.
FCA set for clampdown on ‘wild west’ of social media ‘finfluencers’ July 17, 2023 The FCA is set to target 'finfluencers' and firms flogging financial products online with illegal or misleading adverts.
National Audit Office launches probe into FCA as regulator sizes up crypto and AI July 17, 2023 The National Audit Office (NAO) has launched a probe into the functions of the City regulator as its remit swells to take on oversight of technologies like cryptoassets and artificial intelligence.
FTSE 100 firms slash charitable giving as profits rocket July 17, 2023 Britain’s biggest companies have slashed their charitable donations by nearly a quarter over the past decade despite pre-tax profits rocketing in the same period, research has showed.
Plans to shelve buy-now pay-later rules ‘incredibly concerning’, says Which? July 17, 2023 A top campaign group has sounded the alarm today after it emerged that the government is preparing to shelve plans to clampdown on the buy-now pay-later (BNPL) sector.
Business groups hail Indo-Pacific trade deal as boost for City despite minor growth bump July 16, 2023 Business groups have hailed the UK’s membership of a major Indo-Pacific trade bloc as a potential boost to the City today despite analysis showing a meagre growth bump from the deal over the long term.
London IPO market slumps below Istanbul and Milan July 14, 2023 The London Stock Exchange has slumped below Istanbul and Milan in terms of IPO activity this year as the Square Mile is hit by a drought in its listings market, new research has revealed.
How London’s new stock exchange hopes to solve the IPO ‘cliff edge’ July 13, 2023 There are few more nervy moments in the life of an entrepreneur than standing atop the balcony of the London Stock Exchange, ringing the figurative bell and handing their pride and joy over to the whims of the public market.
Finncap seeing ‘green shoots’ of recovery after swinging to £1.7m loss July 13, 2023 City broker and investment bank Finncap said it is seeing “green shoots” of recovery in the market this year as revenues ticked upwards again after it swung to a loss last year.
FCA chief: AI could disrupt financial services ‘at a scale not seen before’ July 12, 2023 The chief of the Financial Conduct Authority has said that artificial intelligence could disrupt the financial services sector in “ways and at a scale not seen before”, warning that the regulator would look to take action against AI-based scams.
