The Court of Appeal's decision to wipe out a £677 million ($905 million) payment protection insurance bill for Santander has far-reaching implications on historic liabilities for insurers, transaction lawyers and private equity dealmakers, experts say.
The Court of Appeal's decision to wipe out a £677 million ($905 million) payment protection insurance bill for Santander has far-reaching implications on historic liabilities for insurers, transaction lawyers and private equity dealmakers, experts say.
The retirement savings watchdog said political uncertainty is preventing the £2 trillion ($2.7 trillion) workplace pension sector from investing more in domestic real estate and infrastructure projects.
Asset manager Nuveen said Tuesday that it has received regulatory approval for its planned £9.9 billion ($13 billion) takeover of U.K. rival Schroders, paving the way for the deal to close once remaining conditions are met.
The British government must prioritize a long-term pension policy taxation framework in its forthcoming budget, the Investment Association said Tuesday, amid concern that changes to retirement savings rules are undermining investment.
The Financial Conduct Authority has accepted a recommendation to investigate a complaint over its handling of a redress scheme for customers of a group of lenders, after the Complaints Commissioner found the regulator had wrongly rejected the case as out of time.
