Complaints about financial services firms rose by 13 percent in the second half of last year, driven by an increase in grievances about the mis-selling of payment protection insurance after an ad campaign featuring Arnold Schwarzenegger. Complaints to the Financial …
Marsh announced the appointment of Paul Denny as UK Financial and Professional Practice (FINPRO) Leader. Denny reports to Paul Moody, CEO of Marsh’s UK Specialties Division. Denny joined Marsh in 1989 and held senior roles in the firm’s London, Boston …
Leading bankers warned on Thursday that Britain is yet to feel the real impact of Brexit which will undermine its status as a global finance center as companies prepare to shift jobs out of London to preserve access to Europe’s …
Jelf, a consultant that specializes in insurance, risk management and employee benefits, announced it has reached an agreement to acquire Clark Thomson, Scotland’s largest independent insurance broker. The transaction is expected to close in the second quarter of 2018. Terms …
Willis Towers Watson announced the transfer of its UK Insurance Investment Solutions Group (IISG) to the company’s Insurance Consulting and Technology (ICT) UK Life business – a move that aims to help insurers improve their investment strategies. The move, which …
U.K. banks may face more claims for wrongly sold insurance as the country’s markets cop steps up an informational campaign featuring an animatronic head of Arnold Schwarzenegger. Misleading some customers in selling as many as 64 million payment protection insurance …
U.K. financial regulators sought to reassure banks and insurers that they can rely on a transition period to ease their adjustment to Brexit, putting pressure on the European Union to do the same. The statements on Wednesday from the Bank …
The number of finance jobs to be shifted out of Britain or created overseas by March 2019 due to Brexit has dropped by half compared to six months ago to 5,000 roles, firms employing the bulk of UK-based workers in …
Is London’s position as the largest international center of finance slipping as a result of Brexit? London has been a critical artery for the flow of money around the world for centuries. The financial services sector accounts for about 12 …
The Bank of England said it would update banks and insurers next week on its approach to Brexit given that Britain and the European Union have now adopted a transition deal. “The Bank of England welcomes the EU Council’s conclusion …
