FCA Targets Four New Forms of High Cost Credit (UK)

Finance and Legal
10/08/2017 Unarranged overdrafts, rent-to-own, home-collected credit and catalogue credit have been identified as four areas of high cost credit that raise significant concerns by a Financial Conduct Authority review that will lead to a consultation on proposed tailored solutions in
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Helping Innovative UK Start-Ups Become World-Beating ‘Unicorns’ (UK)

Finance and Legal
10/08/2017 While cutting edge start-ups flourish in the UK, the evidence suggests that lack of suitable long-term finance (patient capital) is preventing them from realising their potential to join the elite group of world-leading firms valued in excess of $1bn
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Tribunal Fee ‘Prevented Access to Justice’ (UK)

Finance and Legal
07/08/2017 The landmark judgment, in which the Supreme Court on 26 July upheld an appeal by Unison and ruled that employment tribunal fees introduced in 2013 were unlawful, had a number of immediate effects, eg the government stopped collecting fees
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Cap on Charges for Accessing Openreach’s ‘Ducts and Poles’ (UK)

Finance and Legal
07/08/2017 Charges for access to the Openreach network of underground ducts and telegraph poles that form the essential infrastructure of the UK broadband network will be capped by Ofcom in order to boost competition by helping create a level playing
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Spotlight on Investment Platforms (UK)

Finance and Legal
31/07/2017 In response to potential competition issues in the rapidly growing investment platform sector, the Financial Conduct Authority has announced a market study to assess whether investors are receiving the full benefits of platforms and whether competition is working in
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