PwC HK Fined £95m for Evergrande Audit Failures
Hong Kong's SFC fines PwC HK £95m for audit failures at China Evergrande, marking first direct compensation to shareholders from auditors of a defunct company.
Category : Insurance
UK Woman Died in Ghana Crash After Losing £1m to Scams
Janet Fordham, 69, lost her life savings to romance fraudsters over five years before dying in a car crash in Ghana while trying to recover funds, an inquest heard.
Thursday News Quiz: Insurance Scams, Drinking Games, Biblical Errors
Test your knowledge with the weekly Thursday news quiz featuring fifteen questions on topical news, pop culture, and general trivia. No prizes, but share your results in the comments.
Consumer Group Sues FCA Over Car Loan Compensation
Consumer Voice is taking legal action against the FCA, claiming the £9.1bn redress scheme for car loan victims unfairly prioritizes lenders over drivers, potentially delaying payouts.
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Double Scam: Victims Targeted Again After Initial Fraud
A disturbing trend reveals that fraud victims are often targeted a second time by recovery scammers, exploiting their vulnerability and desperation for justice.
Quilter Sees £3bn Inflows Despite Geopolitical Risks
Quilter, the UK wealth manager, has reported net inflows exceeding £3 billion, highlighting strong client demand even as it remains cautious about ongoing geopolitical tensions affecting markets.
Admiral CEO: Share Awards Drive Staff Retention at FTSE Giant
Admiral Group CEO Milena Mondini reveals how the company's share incentive plan, offering employees up to £3,600 in free shares annually, has significantly boosted retention and contributed to its success in the competitive UK insurance market.
FCA Reforms SM&CR for Smarter, Simpler Accountability
The FCA announces practical improvements to the Senior Managers and Certification Regime, aiming to reduce red tape while maintaining accountability to boost UK financial services.
John Oliver Criticizes Prediction Markets as 'Grim'
John Oliver's Last Week Tonight exposes the unregulated world of prediction markets like Kalshi and Polymarket, where billions are wagered on everything from war to alien discoveries.
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Onion to Lease Infowars in $81,000 Monthly Deal
Satirical website The Onion plans to lease Alex Jones' Infowars for $81,000 monthly through parent company Global Tetrahedron, pending Texas court approval.
Risk Warning Confusion Fuels Cash Hoarding in UK
New research reveals widespread misunderstanding of investment risk warnings is causing Brits to cling to cash, damaging economic growth and confidence in the stock market.
Mrs Hinch's Headphones 44% Off on Amazon
Discover the soundcore Q30 by Anker headphones, used by Mrs Hinch for cleaning motivation, now discounted over 40% on Amazon. Features include 50-hour battery life and premium noise cancellation.
Evoke in £225m Takeover Talks with Bally's Casino Group
Evoke, the UK-listed gambling firm behind William Hill and 888, is discussing a potential £225m takeover by US casino operator Bally's, amid heavy debt and a 90% share price drop.
Record Insurance Complaints in Australia Over Claim Delays
Australian insurance companies face a surge in complaints, averaging 100 daily, as delays and rejections plague home and motor claims, leaving customers in distress.
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Bear Costume Insurance Fraud Lands California Trio in Jail
Three individuals in Los Angeles have been sentenced to jail for an elaborate insurance fraud scheme involving staged bear attacks on luxury vehicles using a person in a bear costume.
Suspicious War Bets Raise Insider Trading Concerns
Massive, perfectly timed bets on Iran war events through platforms like Polymarket and Kalshi have sparked insider trading investigations and regulatory scrutiny.
Prediction Markets: Profiting from Misfortune?
Prediction markets, where users bet on real-world events, raise ethical questions about profiting from others' suffering, from political turmoil to natural disasters.
Desmond Loses £1.3bn Lottery License Case Against Gambling Commission
Media tycoon Richard Desmond's legal battle against the Gambling Commission over the 2022 National Lottery license has been dismissed by the High Court. The judge ruled the license was fairly awarded to Czech group Allwyn.
Boost Your Odds of Winning the New £1 Billion Powerball Lottery
The National Lottery is launching a new £1 billion Powerball game in the UK. Learn expert tips to increase your chances, including why avoiding birthdays might help.
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Telenor Accused of Helping Myanmar Military Arrest Activists
Norwegian telecom giant Telenor faces a class-action lawsuit alleging it shared customer data with Myanmar's military, leading to arrests of over 1,200 activists. The company, majority-owned by Norway's government, entered Myanmar during democratic transi
MSC 'Blue Tick' Accused of Masking Forced Labour in Fisheries
A new study reveals that one in five vessels with reported labour abuses are certified by the Marine Stewardship Council, raising concerns about ethical sourcing illusions in sustainable seafood.
Santander UK Faces Large Motor Finance Provision Increase
Santander UK is expected to significantly increase its provisions for the motor finance scandal following the FCA's final redress scheme, with analysts predicting further financial impacts.
SRA Fails to Tackle Bullying and Harassment in Law Firms
The Solicitors' Regulation Authority faces mounting challenges as bullying and harassment persist in City law firms, with underreporting and resource shortages hindering enforcement efforts.
Standard Life CEO Warns of Retirement Crisis in £2bn Deal
Standard Life's Andy Briggs highlights retirement adequacy concerns while announcing a £2bn takeover of Aegon UK, creating Britain's second-largest pension platform with 16 million customers.
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Prediction Markets Turn Global Crises into Gambling Arenas
Online platforms like Polymarket allow users to bet on everything from wars to political events, raising ethical concerns about profiting from human suffering while creating new financial markets.
Best Borrowing Options: £100 to £20,000 Loans
Financial experts reveal the most cost-effective borrowing methods for different amounts, from BNPL to personal loans, and how each impacts your credit score.
Standard Life Buys Aegon UK for £2bn, Forms Pension Leader
Dutch firm Aegon sells its historic UK business to Standard Life for £2 billion, creating a pensions and savings giant with 16 million customers and £480 billion in assets.
UK Financial Scams Soar 62% as Criminals Shift Tactics
UK banks report dramatic 62% increase in social engineering scams as fraudsters pivot from traditional methods to manipulating victims into authorizing payments themselves.
Standard Life Buys Aegon UK for £2bn
Standard Life has completed a major acquisition, purchasing Aegon's UK business for £2 billion. This strategic move strengthens its position in the financial services sector.
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FCA's Targeted Support Risks Consumer Confusion
The Financial Conduct Authority's new targeted support regime, aimed at bridging the gap between guidance and advice, may create complexity and ineffectiveness, potentially confusing consumers and firms alike.
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