Tag: News stories
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 FRP Advisory have been appointed as joint special administrators. Special administration is intended to facilitate the return of […]
The Financial Conduct Authority (FCA) has stopped AJH Financial Services Limited, a firm that advised on transfers from the British Steel Pension Scheme (BSPS), disposing of assets without FCA permission. The FCA expects to consult on a redress scheme for former members of the British Steel Pension Scheme in March 2022. In December 2021, we […]
The Financial Conduct Authority (FCA) has today 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. Pensions Dashboards will enable consumers to find and view all their pension savings, including State, workplace and personal, in […]
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. TFS Loans Limited is a high cost and guarantor lender, which lends money to customers for up to 60 months. The Joint Administrators will update customers as soon as possible. […]
Corporate & Professional Pensions Limited (Corporate & Professional), is a SIPP operator authorised and regulated by the FCA. On 1 February 2022 the directors appointed Adam Stevens and Nick Myers of Smith & Williamson LLP as joint administrators (administrators). The administrators are qualified insolvency practitioners. We set out the steps Corporate & Professional’s clients should […]
We have removed permissions from Falcon Financial Solutions Ltd and Thestral Financial Services Ltd. They are no longer permitted to carry out any regulated activities. Any investments with Falcon or Thestral may not be protected, and you could lose all your money if you invest with them. We explain what this means for customers. Falcon […]
In letters to the chief executives of insurance firms and brokers, we have today outlined work we are carrying out in the insurance market for multiple-occupancy residential buildings. We have also responded to a letter from the Department for Levelling Up, Housing and Communities (DLUHC) on this issue. Although insurance premiums are just one aspect […]
All Flintshire Credit Union Limited was placed into administration on 25 January 2022 and has now stopped trading. James Sleight and Peter Hart of PKF GM have been appointed as administrators. All Flintshire Credit Union is a financial co-operative owned by its members. It is regulated by the Prudential Regulation Authority (PRA) and the Financial […]
On 31 December 2021 Ounapuu Ltd, formerly trading as Ferratum UK, was placed into a Creditors’ Voluntary Liquidation. Paul Boyle, David Clements and Anthony Murphy of Harrisons Business Recovery & Insolvency (London) Limited were appointed as Joint Liquidators. The firm’s name was changed from Ferratum UK Limited to Ounapuu Ltd on 4 November 2021. Ounapuu […]
Publication of 24 LIBOR settings has ended, and the 6 most widely used sterling and Japanese yen settings will be published using a changed methodology from today. The LIBOR settings that have ended are: all euro and Swiss franc LIBOR settings the overnight / spot next, 1-week, 2-month and 12-month sterling and Japanese yen LIBOR […]
