MAPS explains how coronavirus has changed the work it carries out
The Money and Pensions Service (MAPS) has warned that the coronavirus outbreak could contribute to a “perfect storm” for many people who are in debt and who also have mental [...]
FATF highlights how coronavirus may have increased financial crime risks
The Financial Action Task Force (FATF) – which sets international standards designed to fight money laundering and other financial crime - has issued a paper which “identifies challenges, good practices [...]
FCA extends mortgage holidays by three months
The Financial Conduct Authority has announced that lenders will have to provide borrowers with an additional three-month payment holiday in certain circumstances where the borrower’s finances have been adversely affected [...]
FCA confirms extension to period that an employee can stand in for an absent Senior Manager
The Financial Conduct Authority has announced that it is now possible for another person to deputise for an absent senior manager for a period of up to 36 weeks, [...]
Former bank governor and ex-minister confirmed as speakers at trade body’s Virtual Fest
The Personal Investment Management & Financial Advice Association (PIMFA) has announced two high profile speakers for its Virtual Fest at the start of next month. “Virtual Fest” aims to provide [...]
FSCS will soon be in a position to issue the first LCF advice decisions
The Financial Services Compensation Scheme (FSCS) says it will start to issue decisions on London Capital & Finance (LCF) claims by the end of May 2020. The process is expected [...]