Lawmakers have called for sweeping reforms to the way that businesses seek investment from banks, pension funds and the capital markets in order to raise an additional £200 billion ($267 billion) each year to match the performance of the strongest economies.
Lawmakers have called for sweeping reforms to the way that businesses seek investment from banks, pension funds and the capital markets in order to raise an additional £200 billion ($267 billion) each year to match the performance of the strongest economies.
Insurance giant Aviva PLC said Monday that artificial intelligence is driving an increase in fraud, after it recorded £233 million ($311 million) in suspicious claims last year.
The government must tighten rules that allow trustees to block pension transfers if they suspect members are being scammed, a long-term savings provider warned Monday.
Two men have been sentenced to a total of more than nine years in prison for their roles in a £275,500 ($368,000) fraud involving fake collision claims linked to a vehicle repair business, the City of London Police said Monday.
Plans by the U.K. government to ensure trustees provide savers with a so-called guided retirement in later life could play a "critical role" in improving how Britons navigate pension decisions, a think tank said Monday, but such plans must be gradually developed to meet competing needs.
The Financial Conduct Authority warned consumers on Monday about paid promotions from claims management companies and law firms that encourage people to sign up for motor finance claims, saying some are disguised as independent advice.
Italy's largest lender, Intesa Sanpaolo, said Monday that it is making a €30.6 billion ($35.2 billion) takeover offer for Monte dei Paschi di Siena — a day after rival Banco BPM called on MPS to open talks on a "merger of equals."
Practice group leaders share thoughts on keeping the pulse on legal trends, tackling difficult cases and what it takes to make a mark in their area in this Expert Analysis series.
