AGP Executive Report
Last update: 12 hours agoFCA & Markets: The regulator moves to simplify UK IPO listing rules to revive lagging London listings, while also finalising changes to MiFID transaction reporting and streamlining the transaction reporting regime for investment firms. Insurance & Consumer Finance: Admiral reports weaker H1 profits as earned premiums fall, though Admiral Money stays robust; Quilter posts record inflows and higher AUMA as advice demand holds up. Welfare Enforcement: The DWP’s October crackdown under the Public Authorities Fraud, Error and Recovery Bill will let it verify and claw back cash from bank accounts for Universal Credit, Pension Credit and Employment and Support Allowance, with a £16,000 capital threshold. Banking & Payments: Swift Money confirms its smallest brokered loan is £100 (up to £3,000) with FCA price-cap protections; M-SELEN and Rocket Remit expand mobile money remittances to the Solomon Islands for customers in Australia, New Zealand and the UK. Macro & Jobs: S&P Global data shows UK services employment shrinking for 22 straight months, matching the 2008-style job-loss run, even as activity returns to growth. Public Finance: Britain’s national debt tops £3trillion for the first time, according to the Taxpayers’ Alliance.
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