The regulatory arm of the Bank of England said Tuesday that it wants to make it easier for insurance companies to invest in the U.K., part of a process to boost the competitiveness of the domestic economy.
The regulatory arm of the Bank of England said Tuesday that it wants to make it easier for insurance companies to invest in the U.K., part of a process to boost the competitiveness of the domestic economy.
The estate of the deceased Kuwaiti pension authority director denied on Tuesday that the businessman was involved in an unlawful scheme of corrupt payments in excess of $1 billion, saying he believed the payments were legitimate and above-board.
Aviva PLC encountered a 14% rise in the number of fraudulent insurance claims in the U.K. last year, comprising more than 12,700 suspected false claims worth £127 million ($162 million), the insurer said in a report Tuesday.
The financial watchdog said Tuesday that it will make it easier for companies to test innovative products and support those which apply for regulatory approval as part of its work program for 2025/26.
A trade body for Europe's investment managers urged watchdogs in the bloc on Tuesday to relax regulatory restrictions on providers of the pan-European pension product in a move to boost demand by investors.
The insurance broker giant Howden Group Ltd. has finalized its acquisition of Barnett Waddingham, a professional services consultant, to create a major player in the U.K.'s pensions and employee benefits sector.
