Cayman Islands - September 6 2011 On 26 August 2011 the Grand Court of the Cayman Islands found that directors Stefan Peterson and Hans Ekstrom of Weavering Macro Fixed Income Fund (the “Fund”) were guilty of wilful neglect in the discharge of their duties.
United Kingdom - July 21 2011 The Treasury Select Committee recommended in its recent report that the implementation of RDR be delayed for one year (until January 2014).
United Kingdom - June 30 2011 Yesterday Natalie Ceeney, Chief Ombudsman, set out her vision for how the financial services complaints and redress system can be improved.
United Kingdom - June 14 2011 Barclays announced yesterday that it will reimburse all customers who complained about the sale of their PPI before 20 April in full (plus 8% interest) without any further investigation of the individual claims.
United Kingdom - March 25 2011 As anticipated, this week's budget has targeted high net worth (HNW) individuals through its clampdown on tax relief and avoidance schemes.