UK - The financial services regulator has fined Northern Bank £1.25m for breaching money laundering rules.
The Financial Services Authority said the fine demonstrated the importance it attached to its objective of reducing the chance of regulated firms being used for purposes connected to financial crime.
The regulator said it discovered failings in Northern Bank’s customer identification procedures.
Worse still, the bank had previously identified these weaknesses and allowed them to persist.
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.