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Safe Hands Plans withdraws application for authorisation
Safe Hands Plans Limited has withdrawn its application to the FCA for authorisation as a funeral plan provider. Safe Hands Plans will not be taking on new customers. Do not buy a new funeral plan from this firm. -
FCA secures contract changes for buy-now-pay-later customers
The Financial Conduct Authority (FCA) secures changes to potentially unfair and unclear terms in the contracts of Clearpay, Klarna, Laybuy and Openpay. -
Xpress Money Services Limited enters special administration
On 11 February 2022, a special administration order was made by the Court in relation to Xpress Money Services Limited (“Xpress”) under the Payment and Electronic Money Institution Insolvency Regulations 2021. David Hudson and Philip Reynolds of -
FCA stops AJH Financial Services Limited disposing of assets without permission
We have stopped AJH Financial Services Limited, a firm that advised on transfers from the British Steel Pension Scheme (BSPS), disposing of assets without FCA permission. -
FCA proposes rules for pension providers to help deliver Pensions Dashboards
We set out the critical role regulated pension providers must play in helping to launch the Government’s Pensions Dashboards initiative, which aims to empower savers to engage with their pensions. -
Former CFO and Finance Director guilty of misleading investors in case brought by the FCA, former CEO found not guilty
Timothy Coleman, Redcentric Plc's former Chief Financial Officer, has been found guilty of 4 charges concerning the making of false and misleading statements to the market. -
TFS Loans Limited enters administration
On 8 February 2022 TFS Loans Limited was placed into administration. Allister Manson and Trevor Binyon of Opus Restructuring LLP were appointed as Joint Administrators. -
Finalising LIBOR transition – achievements in sterling markets and what remains to be done
Bank of England, FCA and Working Group set out what more needs to be done and update on how the Working Group will operate in the future -
Interim chairs of FCA and PSR announced
HM Treasury has announced that they have started the search for the next Chair of the FCA. While the search for Charles Randell’s permanent successor concludes, Richard Lloyd OBE will act as interim chair of the FCA from 1 June 2022. Aidene Walsh -
Corporate & Professional Pensions Limited in administration
Corporate & Professional Pensions Limited (Corporate & Professional), is a SIPP operator authorised and regulated by us. We set out the steps clients should take and advice on how to protect against scams.