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High Court approves plan to return WealthTek client assets and money
The JSAs plan for returning client money and custody assets to WealthTek clients has been approved by the High Court. -
Over £100m in redress offered to former British Steel pension scheme members
£106m in redress has been offered to 1,870 former British Steel Pension Scheme members to put them back in the position they would have been at retirement. -
London Court Limited enters liquidation
London Court Limited has entered creditors’ voluntary liquidation. Rehan Ahmed and Tauseef Rashid of Quantuma have been appointed as joint liquidators. -
Donre Advisory Limited enters liquidation
Donre Advisory Limited has entered creditors’ voluntary liquidation (CVL). Sean Bucknall and Andrew Hosking of Quantuma have been appointed as joint liquidators. -
Remaining synthetic US dollar LIBOR settings – 3 months to go
The remaining synthetic US dollar LIBOR settings are expected to cease on 30 September 2024. -
FCA appoints members for the UK Secondary Markets Advisory Committee
The FCA has appointed the members of its advisory committee on secondary markets for the period June 2024 to June 2026. -
PCF Bank Limited enters into liquidation
On 19 June 2024, PCF Bank Limited (PCF), together with its subsidiaries PCF Credit Limited and Azule Limited, entered into creditors' voluntary liquidation. -
LCC Trans-Sending Limited enters special administration
On 18 June 2024, LCC Trans-Sending Limited (LCC) entered special administration under the Payment and Electronic Money Institution Insolvency Regulations 2021. -
London Court Limited – update for investors
We previously placed restrictions on London Court Limited to stop it from conducting regulated activities for either new clients or new investments. -
Restrictions placed on Motmaen Limited
On 15 May 2024, the FCA placed restrictions on Motmaen Limited, removing its ability to provide money transfer payment services.