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ESMA publishes responses to joint consultation paper on PRIIPS KID

European Securities and Markets Authority (ESMA) has published the responses received to the Joint Consultation Paper concerning amendments to the PRIIPs KID. To view the responses, please click the button below. READ RESPONSES Source: ESMA

January 21st, 2020|Comments Off on ESMA publishes responses to joint consultation paper on PRIIPS KID

CMA publishes loyalty penalty update

The Competition and Markets Authority (CMA)  has reported on the progress made in tackling the loyalty penalty that impacts millions of people. The CMA investigated the loyalty penalty – where companies penalise longstanding customers by charging them higher prices than new customers or those who renegotiate their deal - in response to concerns raised by [...]

January 21st, 2020|Comments Off on CMA publishes loyalty penalty update

New rules to help boost wifi

People and businesses could benefit from more reliable WiFi, thanks to proposals set out by Ofcom. Ofcom manages the UK’s airwaves – or spectrum – a finite resource that is essential for wireless services including wifi. Wifi is increasingly used for the everyday activities that people and businesses depend on – a typical household uses [...]

January 21st, 2020|Comments Off on New rules to help boost wifi

Court of Appeal upholds CMA decision on online sales

The Court of Appeal has upheld the Competition and Markets Authority’s (CMA) finding that a golf equipment supplier acted illegally by banning online sales of its products. The Court of Appeal’s judgment dismisses an appeal made by Ping Europe Ltd against an infringement decision and £1.25 million fine, after the CMA found it had broken [...]

January 21st, 2020|Comments Off on Court of Appeal upholds CMA decision on online sales

FCA statement on Assessing Suitability Review 2

The Financial Conduct Authority (FCA) business plan outlined the regulators intention to review the market for pensions and investment advice for a second time – the Assessing Suitability Review 2. The review will focus on the advice that consumers receive around retirement income. With a greater number of options now available in retirement planning, it is [...]

January 21st, 2020|Comments Off on FCA statement on Assessing Suitability Review 2

Investors call for improved workforce reporting

Reporting on workforce-related issues needs to improve to meet investor needs and reflect modern-day workforces according to a new report from the Financial Reporting Council’s (FRC) Financial Reporting Lab (the Lab). Workforce-related matters such as working conditions, changing contractual arrangements and automation have all become areas of increasing investor focus in recent years and the Lab’s report [...]

January 20th, 2020|Comments Off on Investors call for improved workforce reporting