Law and regulation

Insight / Nine million middle aged employees ignorant over pension plans

Survey reveals shocking lack of understanding among mid-lifers over how much they need to retire in comfort or even how much they currently have saved in their pension plans

Accounting / Directors’ duties when trading through insolvency

Suzanne Jones, partner at Seddons, examines the consequences for directors working in the 'twilight zone' when companies are teetering on the edge of insolvency and what they need to consider if they continue to trade

Insight / FCA acts on dubious claims management ads

The Financial Conduct Authority (FCA) is clamping down on advertising by claims management companies after a review found widespread poor practice

Insight / No-deal Brexit impact on mergers and anti-competition activity

The Department for Business, Energy and Industrial Strategy (BEIS) has published guidance on how merger reviews and investigations into anti-competitive activity would be affected in the event of a no deal Brexit later this year

Insight / Regulators warn 5m at risk over pension scams

The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) are joining forces this summer to warn the public about fraudsters targeting people’s retirement savings

Insight / Ryanair ordered to repay €8.5m of illegal state aid

The European Commission has ordered France to force Ryanair to return €8.5m (£7.8m) of support the Irish airline received for using Montpellier airport, which it has ruled amounted to illegal state aid

Insight / Call to improve People with Significant Control register

The People with Significant Control (PSC) register at Companies House could be a more powerful tool for financial investigations with a few changes to how it collects and organises information, users have said

Insight / Interim manager at religious charity with ‘significant losses’

The Charity Commission has appointed an interim manager to Mountain of Fire and Miracles Ministries International, after the regulator identified ongoing governance issues at the charity

Audit / Audit firms to report to FRC on staff misconduct

From October, the six largest audit firms will be required to provide the Financial Reporting Council (FRC) with regular updates on any instances of bullying and harassment, and details of action taken, in the wake of a series of scandals involving senior staff

Insight / Crackdown on companies rebranding to avoid pension payments

The Pensions Regulator (TPR) has announced a crackdown on employers that try to dodge their workplace pension duties by changing their company name

Insight / US regulators hit Equifax with $700m data breach fine

Equifax is the latest multinational to face record-breaking fines for data protection breaches after the credit rating specialist agreed to pay up to $700m (£563m) in a settlement with the US Federal Trade Commission (FTC)

Insight / Regulatory framework for financial services out for review

The Treasury has announced the first phase of a review into the future regulatory framework for financial services, starting with a three-month consultation looking at how co-ordination between regulatory authorities could be improved only months before potential Brexit departure

Insight / EU starts antitrust inquiry into Amazon use of retailer data

The European Commission has opened a formal antitrust investigation to assess whether Amazon's use of sensitive data from independent retailers who sell on its marketplace is in breach of EU competition rules

Insight / Regulator probes Sheffield educational charity’s finances

The Charity Commission has opened a statutory inquiry into educational charity Avicenna Global due to concerns over potential misconduct and mismanagement at the Sheffield-based charity

Insight / Pension scheme negligence lands insurance boss seven-year ban

An insurance boss who caused his company to be negligent in its responsibilities while administering a pension scheme has been banned for seven years, after concerns were raised about some £13m of members’ funds
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