FCA’s pure protection report ‘most important regulatory review for years’
The Financial Conduct Authority (FCA) has published its final Pure Protection Market Study report, setting out the work it will do to protect consumers. In a statement accompanying the report, the FCA said: “While the market is working well for consumers who have protection insurance, millions of people remain unprotected. Around 58% of adults have […]
Law Society says government’s AML plans risk ‘increased burden’ for solicitors
The Law Society of England and Wales has welcomed the government’s new anti-money laundering and recovery strategy, but has warned about the potential for “increased burden” and duplication of work for solicitors and firms. The Anti-money laundering and asset recovery strategy 2026 – 2029 sets out the government’s £550 million-backed core objectives for defending the […]
Charities urged to check new accounting rules that apply from this year
The Charity Commission for England and Wales is urging all charity trustees and professional advisers to check new rules for accounting that apply from this year. Changes to the Charities Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) and to the income thresholds in charity law at which charities must follow the SORP […]