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Press and Media
FCA imposes record low number of fines – down 75% since last year
The FCA has imposed just four fines so far this year, a record low, down 75% from 16 issued in the same period last year*, says RPC, the City-headquartered law firm.
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Press and Media
RPC Comments on the Government's new Job Support Scheme
Commenting on the Government's new Job Support Scheme, Kelly Thomson, employment lawyer and partner at the law firm RPC said: "The Chancellor's new Job Support Scheme has a completely different emphasis to previous furlough schemes. Support will be available only for viable jobs. And viability will be determined by whether the work exists now (albeit on a reduced hours basis). If there is no work to be done now – even if the role may be viable in the future – the scheme will not assist."
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Press and Media
Whistleblower reports to the FCA on ‘pressure selling’ jumped 23% last year
The number of whistleblower reports made to the Financial Conduct Authority (FCA) relating to ‘pressure selling’ jumped 23% to 58 last year*, up from 47 the year before, says RPC, the city-headquartered law firm.
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Press and Media
Whistle-blower reports to the ICO at record high in the last year – up 34%
The number of whistle-blower reports made to the Information Commissioner’s Office (ICO) about potential data breaches and the misuse of customer information by organisations* is at a record-high, jumping 34% to 427 in the last year, from 319 the previous year, says RPC, the City-headquartered law firm.
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Press and Media
Payments to informants increased by 63% in a year as HMRC cracks down on tax evasion
The amount of money paid to informants by HMRC jumped 63% in a year to reach £473,000 in 2019/20, up from £290,250 the previous year, says RPC, the City-headquartered law firm.
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Press and Media
RPC joins Sustainable Recruitment Alliance
City headquartered law firm RPC has joined the launch of the Sustainable Recruitment Alliance, which encourages the UK graduate recruitment industry to find more sustainable ways of attracting early talent and reducing their carbon footprint.
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Thinking - Blog
SIPP providers – What's next?
Last week the FCA issued a Dear CEO letter to SIPP operators. The letter is one of many the FCA has sent as follow-ups on the consumer duty (including the most recent letters to lifetime mortgage providers) and is a must read for those in the SIPP sector. The letter highlights the FCA's focus areas of ensuring redress is paid (where the FCA does not consider sufficient progress has been made), "outlier firms" when it comes to holdings in non-standard assets, and implementation of the consumer duty, particularly around distribution strategies/identifying target markets.
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Press and Media
Kate Hill joins RPC as Partner to co-lead the Bristol Brokers' E&O team
International law firm RPC announced today that Kate Hill , a highly experienced insurance and reinsurance litigator, joins as Partner and will co-lead the development of the firm's Brokers' Errors and Omissions (E&O) team in Bristol with Kirstie Pike.
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Thinking - Blog
New developments in AI may put law firms at greater risk of phishing fraud
As the computing power of Artificial Intelligence continues to grow exponentially, we consider how generative technology may expand the reach of traditional phishing frauds aimed at law firms.
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Thinking - Blog
A matter of interpretation – the Supreme Court look at contractual interpretation once more
In their recent Judgment in Sara & Hossein Asset Holdings Ltd (a company incorporated in the British Virgin Islands) v Blacks Outdoor Retails Ltd [2023] UKSC 2 the Supreme Court adopted a commercially balanced interpretation of a lease; rejecting the overly textual approach of the Court of Appeal in favour of reading the relevant clause in the context of the lease as a whole.
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Press and Media
Are pension fund trustees at risk of legal action following UK gilts’ meltdown?
Are pension fund trustees conducting liability-driven investing at risk of legal action following the volatility in the UK gilt market?
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Press and Media
RPC's Insurance Group adds further strength with new financial services and D&O Specialist in Bristol
International law firm RPC has hired Terence Dickens as a Partner for its leading Insurance Group, specialising in financial services disputes. He joins the firm on 12 September 2022 and will be based in RPC's Bristol office.
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Press and Media
Number of UK ransomware attacks double in past year
Increasing difficulty for businesses to get cyber coverage under traditional property and liability policies
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Press and Media
International law firm RPC eyes up expansion as Bristol office marks 10th birthday
RPC has revealed its bold vision for continued growth as the international law firm marks 10 years since expanding into Bristol.
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Thinking - Blog
SIPPs – the work and pensions committee asks some pointed questions of the FCA
The Work and Pensions Committee has sent a letter to the FCA following its review of defined benefit pension transfers raising 5 pointed questions in relation to SIPPs.
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