The Pan-European Personal Pension Product is a new EU pension,announced by Brussels on 29th July 2017, as an initiative to encourage saving for retirement. Pan-European Personal Pension Product will allow people that work from country to country to save into one just one fund without having to alter anything.
In the video below, Information Commissioner Elizabeth Denham talks about “the biggest change to data protection law for a generation”. The video is aimed at boardrooms and calls on businesses to see the commercial benefits of sound data protection, and act now to ensure they’re compliant by 25 May 2018.
Get ready for the Fourth Money Laundering Directive, which has significant consequences for all regulated firms. You can look forward to:
• A requirement for firms to take appropriate steps to identify and assess the risks of money laundering and terrorist financing to their business. Firms will be required to document these risk assessments and keep them up-to-date
The General Data Protection Regulation (GDPR) has been called “a revolution,” “a paradigm change,” and “a ticking time bomb.”
That bomb will go off on 25 May 2018. There’s no question of diffusing it. For any company that does business in Europe, preparation should consist of reducing the destructive effects and, more importantly, preparing to survive – and even thrive – in the drastically transformed business environment that will result from the explosion.
Gambling operators are going to be facing harsher fines for data breaches when the EU’s General Data Protection Regulation (GDPR) comes into force next May, with marketing practices the area where new rules are likely to have the most profound effect.
A report from consultancy Consult Hyperion published in mid-June suggested the European banking sector was ill-prepared for the changes that will be brought in by the full implementation of the GDPR.
With many years of supporting the financial services industry now under my forever-expanding belt, I have decided risk-averse compliance teams are contributing to the ruination of significant areas of the world. Not my compliance team at the excellent institution at which I work, of course: they walk the tightrope of ethical rectitude and commercial sensibility with grace, humour, and dashing good looks, as anyone who knows them will attest. I mean other compliance teams out there in the world of finance. Possibly yours, if anyone other than my curious co-workers are reading this.
The Financial Conduct Authority (FCA) has today published new proposals on advice relating to pension transfers where consumers have safeguarded benefits, primarily for transfers from defined benefit to defined contribution pension schemes.
Exclusive interview with Gibraltar Deputy Chief Minister Joseph Garcia conducted by International Investment Deputy Editor Gary Robinson, in June 2017.
Six months ahead of the MiFID II (Markets in Financial Instruments Directive) implementation deadline, alternative asset managers still face uncertainty, with 34% of firms undecided for example on how to pay for research, according to a survey by the Alternative Investment Management Association (AIMA).
Blockchain, or distributed ledger technology, is a transaction processing and settlement system where information about a transaction or an asset can be cryptographically digitized, stored and securely shared through a peer-to-peer network, allowing participants to transact without intermediaries while maintaining a secure encrypted audit trail.