The Financial Conduct Authority (FCA) is reviewing the market for preference shares following the debacle surrounding Aviva and its plans to cancel preference shares at par value, which were subsequently scrapped.
In a Dear CEO letter, published by the FCA today and sent to issuers of listed irredeemable preference shares, the regulator said it is scrutinising the market for ‘permanent' fixed income shares, such...
Reacting to higher US rates
‘Charity lump sum death benefit’
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
Follows string of appointments
Follows acquisition of BlackRock's DC platform