By Momodou Musa Touray Financial services regulators have set out measures to strengthen the resilience of services provided by critical third parties (CTPs) to the UK financial sector. The measures were outlined in a discussion paper jointly published yesterday (22 July) by the Bank of England, Prudential Regulation Authority and Financial Conduct Authority. They say CTPs...Read More

By Jean-Baptiste Andrieux Many investors are not aware of environmental, social, and governance (ESG) factors, a new report from Foster Denovo has found. In fact, 60% of investors who took part in the survey had no knowledge of the existence of ESG investing. However, one quarter of those surveyed had invested with ESG factors in mind....Read More

By Jean-Baptiste Andrieux  The Financial Conduct Authority has presented a range of regulatory and operational strategies for three different long-term climate scenarios. They were introduced today (19 July) in the regulator’s first climate-related financial disclosures. The three scenarios were proposed by the Network for Greening the Financial System. They include net zero 2050–orderly scenario, divergent net zero,...Read More

By Ruby Hinchliffe Hartley Pensions, the provider which was hit with regulatory restrictions on new business earlier this year, has now been stopped from accepting ongoing pension contributions from customers. On July 11, the company had asked the Financial Conduct Authority to impose further requirements on its business, specifically on the self-invested and small self-administered pensions schemes...Read More

Former London rugby club raised money from DIY investors to buy a stadium in Coventry By Lauren Almeida 8 July 2022 • 7:00am Adrian Rossiter, a consultant from London, invested thousands of pounds in a retail bond issued by Wasps, the rugby union club, in 2015, lured by the promise of 6.5pc annual interest and...Read More