Consumer Duty: what to expect post implementation deadline

Free to attend workshop – limited places available After the Consumer Duty comes into force on 31 July, the FCA have said they will act swiftly and assertively where it finds evidence of harm or risk of harm to consumers. This workshop will help build an understanding of what to expect immediately following the implementation date.

Consumer Duty: what to expect post implementation deadline

May 31, 2023

Free to attend workshop – limited places available After the Consumer Duty comes into force on 31 July, the FCA have said they will act swiftly and assertively where it finds evidence of harm or risk of harm to consumers. This workshop will help build an understanding of what to expect immediately following the implementation date.

UK inflation falls to 8.7%

Inflation has finally dipped below double digits dropping by 1.4% to 8.7%, according to the Office for National Statistics (ONS). Despite easing back to its lowest level since March 2022, inflation has remained higher than expected as food prices continued to rise at a near record pace. The ONS said that Consumer Prices Index (CPI) inflation fell to 8.7% in April, down from 10.1% in March, as last year’s energy price hikes were not repeated.

UK inflation falls to 8.7%

May 24, 2023

Inflation has finally dipped below double digits dropping by 1.4% to 8.7%, according to the Office for National Statistics (ONS). Despite easing back to its lowest level since March 2022, inflation has remained higher than expected as food prices continued to rise at a near record pace. The ONS said that Consumer Prices Index (CPI) inflation fell to 8.7% in April, down from 10.1% in March, as last year’s energy price hikes were not repeated.

Bank of England raises UK interest rates to 4.5%

The Bank of England has today announced a base rate rise by 0.25 percentage points to 4.5 percent in a bid to curb rising inflation. The Bank’s move - the 12th successive rise in the cost of borrowing since December 2021 - lifts the base rate to its highest level since 2008. The central bank's Monetary Policy Committee (MPC) said it no longer expects the UK economy to enter recession this year.

Bank of England raises UK interest rates to 4.5%

May 11, 2023

The Bank of England has today announced a base rate rise by 0.25 percentage points to 4.5 percent in a bid to curb rising inflation. The Bank’s move - the 12th successive rise in the cost of borrowing since December 2021 - lifts the base rate to its highest level since 2008. The central bank's Monetary Policy Committee (MPC) said it no longer expects the UK economy to enter recession this year.

Lease accounting

LeaseAccelerator study identifies disclosure challenges of ASC 842

Jan 24, 2020

Lease accounting software provider LeaseAccelerator has published a new report looking at the key challenge faced by US companies as they implement ASC 842. It has analysed comment letters received by the Securities and Exchange Commission in 2019 to identify common issues as the new standard was adopted. Many companies had to organise and migrate hundreds or even thousands of leases onto new accounting software with new controls, processes and procedures. Many of the SEC comments were requests for additional details on a company’s analysis, assumptions, judgments and supporting documentation.

BREXIT

Negotiators struggle to build bridges as Brexit looms

Nov 10, 2017

While business leaders in the UK and Europe have stressed the importance of a smooth Brexit transition to protect the economies of both sides, there are signs that negotiators are struggling to find common ground on key issues. As the Brexit deadline of March 28, 2019 approaches, this special report looks in detail at progress from both sides of the negotiating table.

General legal and regulatory

Is consumer understanding the keys to the kingdom of Consumer Duty?

Apr 20, 2023

We have just published the summary and analysis of the Asset Finance Connect conference session covering the consumer understanding outcome of the new Consumer Duty, which took place at our December conference with Helena Thernstrom, Clare Hughes, Fiona Hoyle, Nina Babou and Meera Shah. You can read the conference review here.