The regulatory body of the Bank of England said Thursday that larger businesses will have to attend formal risk reviews only every two years as it moves to streamline their supervision.
The regulatory body of the Bank of England said Thursday that larger businesses will have to attend formal risk reviews only every two years as it moves to streamline their supervision.
The government confirmed it has dropped a pledge to carry out a review of the U.K.'s pension arbitration body, in the wake of the Atomic Energy Agency Technology retirement fund scandal.
Two of Britain's leading insurance trade bodies on Thursday launched a plan to help retail customers find suitable cover in the wake of government efforts to improve financial inclusion in the U.K.
Axiom Ince has accused the Solicitors Regulation Authority in a court claim of bungling a probe into the firm and missing a chance to prevent further losses stemming from its former chief executive's alleged misappropriation of £65 million ($87 million) of client money.
A real estate investment company and an affiliate firm have sued an insurance broker and its sole director for their alleged failure to repay a loan worth almost £227,000 ($304,000) and breaches of obligations linked to the businesses.
The Pensions Regulator said Thursday it has appointed as its new policy chief one of the leading architects behind the government's push for retirement funds to invest more in the economy.
Governance and pensions services provider Vidett has acquired Bridgehouse Company Secretaries, an outsourced corporate governance business, as it strengthens its position in an evolving corporate services market.
