The conglomerate controlled by Czech billionaire Daniel Křetínský that bid £3.57 billion ($4.54 billion) for Britain's national postal service has promised to push ahead with a pioneering new retirement savings plan for workers.
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TOP NEWS

Royal Mail Bidder Backs 'Third Way' Pension Overhaul

By Martin Croucher

The conglomerate controlled by Czech billionaire Daniel Křetínský that bid £3.57 billion ($4.54 billion) for Britain's national postal service has promised to push ahead with a pioneering new retirement savings plan for workers.

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Big Tech Must Help Reimburse Fraud Victims, City Group Says

By Joel Poultney

The next U.K. government should implement legislation that forces big tech and social media giants to shoulder some of the financial burden for victims of online fraud, a financial services trade group said Thursday.

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Pension Consultancy Starts Platform To Offload Illiquid Assets

By Martin Croucher

A pensions consultancy said Thursday it has launched a platform to better enable retirement schemes to offload illiquid assets as it gears up for a bulk annuity transaction.

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ENFORCEMENT

Bulgarian Fraudsters Get 25 Years For Major Benefits Scam

By Christopher Crosby

Five Bulgarian individuals were sentenced to more than 25 years in prison Thursday after admitting to making £54 million ($68.7 million) in fraudulent benefits claims, the largest-ever scam of its kind.

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POLICY & REGULATION

EU Adopts New AML Measures, Sets Up Supervisory Agency

By Sam Tabahriti

The Council of the European Union adopted anti-money laundering measures on Thursday in a move to close loopholes exploited by organized crime, which include setting up a dedicated agency to fight illicit financial activities across the bloc.

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PEOPLE

White & Case Hires 2 Latham Partners In Germany

By Hanna Vioque

White & Case LLP has added two partners from Latham & Watkins LLP with more than three decades worth of experience between them in capital markets to its Frankfurt office.

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