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PIMFA Welcomes Enhancements to Consumer Protection Laid out in New Work and Pensions Committee Report on Pension Savers and Scams
PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, welcomes the enhancements to consumer protection laid out in the new Work and Pensions Committee Report ‘Protecting pension savers – five years on from the pension freedoms: Pension scams’.
Liz Field, PIMFA’s CEO commented:
“‘In order to ensure that savers can transact safely and with confidence with their hard-earned pension savings, we are pleased that the Committee have supported our recommendation that the government should include financial harm within the Online Safety Bill.
“Savers cannot continue to be liable to lose their life savings because of what amounts to regulatory shades of grey and the government must act to both empower the Regulator, as well as place a duty of care on tech providers to undertake proper due diligence on adverts and remove harmful ads where appropriate.
“This, in partnership with the government’s forthcoming policy on financial promotions will be a welcome step in enhancing consumer protections, increasing confidence as well as reducing individual claims on the Financial Ombudsman Service and Compensation Scheme.”
- SUNRATE Secures Bank Negara Malaysia Licence, Enabling Full-Scale Operations in Malaysia Read more
- NUVA Digital Raises US$5.2M to Accelerate Development of Web3 Real-World Asset Platform NUVA Read more
- COINPAYMENTS and duPont REGISTRY Group Announce Alliance to Power Digital Payment Infrastructure Read more
- Regional Openness and the Shift to Cloud Processing Read more
- TSAM London: MinuteMaster on The Rising Cost of Meeting Inefficiency in Asset Management Read more
SUNRATE Secures Bank Negara Malaysia Licence, Enabling Full-Scale Operations in Malaysia
SUNRATE, the global payment and treasury management platform, announced that it has been granted a Class B licence under the Money Services Business Act 2011 by Bank Negara Malaysia, marking a significant milestone in the company’s continued expansion.
NUVA Digital Raises US$5.2M to Accelerate Development of Web3 Real-World Asset Platform NUVA
NUVA Digital, the software development company behind the RWA marketplace NUVA, today announced the successful closing of a US$5.2 million fundraising seed round led by Morgan Creek Digital. NUVA is the non-custodial, unified distribution layer for high-quality real-world asset (RWA) vaults. It offers users one-click access, enabling them to deposit stablecoins to mint liquid, composable tokens that deliver yield. NUVA ensures transparency and seamless DeFi composability with on-chain proof of reserves, without requiring minimum deposit requirements or lockups.
COINPAYMENTS and duPont REGISTRY Group Announce Alliance to Power Digital Payment Infrastructure
COINPAYMENTS, a leading global digital payments infrastructure provider, has announced a landmark alliance with duPont REGISTRY Group, the world’s premier, high-tech luxury automotive ecosystem, to power digital payment capabilities within its next-generation duPont REGISTRY digital marketplace.
Atos Selected by LCH SA to Migrate its Financial Information Systems to the Cloud
Atos, a global leader of AI-powered digital transformation, announces it has signed a three-year contract with LCH SA, the global clearing house based in Paris, to assist LCH SA with the migration of its financial information systems on a highly secure, SecNumCloud-qualified cloud infrastructure, while guaranteeing full continuity of operations.
KAST Appoints Former SEC Official to Lead Policy Communications as Company Targets US Market Growth
KAST, the global financial platform built on stablecoin rails, announced today that Stephanie Allen, a former senior advisor at the U.S. Securities and Exchange Commission, has joined the company as Head of Corporate and Policy Communications.
Ripple Reinforces Commitment to the Middle East with Expanded Presence in the UAE
Ripple, the leading provider of blockchain-based enterprise solutions across traditional and digital finance, today announced an expansion of its presence in the UAE with the opening of its new Middle East and Africa (MEA) regional headquarters in the Dubai International Financial Centre (DIFC), creating capacity to grow its local team as demand for regulated blockchain-powered payment and custody solutions continues to accelerate across the region.
Macquarie Increases Stake in Tenora as it Secures FCA Authorisation as an Electronic Money Institution (EMI)
Tenora Financial Group Limited (Tenora), a financial technology company providing end-to-end foreign exchange (FX) risk management, has today announced two significant milestones that mark a defining moment in its growth. Tenora's UK subsidiary, Tenora Financial Solutions Limited, has received authorisation from the Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI), while Macquarie Group, through its Commodities and Global Markets business (Macquarie), has increased its total shareholding in Tenora to 33%, following approval from the Australian Prudential Regulation Authority (APRA).
SUNRATE Secures Bank Negara Malaysia Licence, Enabling Full-Scale Operations in Malaysia
SUNRATE, the global payment and treasury management platform, announced that it has been granted a Class B licence under the Money Services Business Act 2011 by Bank Negara Malaysia, marking a significant milestone in the company’s continued expansion.
NUVA Digital Raises US$5.2M to Accelerate Development of Web3 Real-World Asset Platform NUVA
NUVA Digital, the software development company behind the RWA marketplace NUVA, today announced the successful closing of a US$5.2 million fundraising seed round led by Morgan Creek Digital. NUVA is the non-custodial, unified distribution layer for high-quality real-world asset (RWA) vaults. It offers users one-click access, enabling them to deposit stablecoins to mint liquid, composable tokens that deliver yield. NUVA ensures transparency and seamless DeFi composability with on-chain proof of reserves, without requiring minimum deposit requirements or lockups.
COINPAYMENTS and duPont REGISTRY Group Announce Alliance to Power Digital Payment Infrastructure
COINPAYMENTS, a leading global digital payments infrastructure provider, has announced a landmark alliance with duPont REGISTRY Group, the world’s premier, high-tech luxury automotive ecosystem, to power digital payment capabilities within its next-generation duPont REGISTRY digital marketplace.
Regional Openness and the Shift to Cloud Processing
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TSAM London: MinuteMaster on The Rising Cost of Meeting Inefficiency in Asset Management
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Atos Selected by LCH SA to Migrate its Financial Information Systems to the Cloud
Atos, a global leader of AI-powered digital transformation, announces it has signed a three-year contract with LCH SA, the global clearing house based in Paris, to assist LCH SA with the migration of its financial information systems on a highly secure, SecNumCloud-qualified cloud infrastructure, while guaranteeing full continuity of operations.
KAST Appoints Former SEC Official to Lead Policy Communications as Company Targets US Market Growth
KAST, the global financial platform built on stablecoin rails, announced today that Stephanie Allen, a former senior advisor at the U.S. Securities and Exchange Commission, has joined the company as Head of Corporate and Policy Communications.