Author Archives: Claire Tourret

The new FCA consumer duty

Posted on August 16, 2023 by Claire Tourret

From 31 July 2023, the new Consumer Duty applies to all new and existing regulated financial products or services that are open to sale and renewal. This will extend to closed products or services from 31 July 2024. The new …

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Director responsibilities amid Russian asset seizures

Posted on August 11, 2023 by Claire Tourret

A recent example is the unsuccessful action in May in the High Court of Justice of England and Wales by Shell PLC’s minority shareholder ClientEarth against the company’s board of directors for their alleged failure to adequately manage climate-related risks. …

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Employee dismissed for ‘not typing enough’ – what must an employer consider when monitoring its employees?

Posted on August 11, 2023 by Claire Tourret

An Australian employment case made the news recently after an employee had her employment terminated because she was ‘not typing enough’. The employee worked predominately from home and, in order to monitor her as part of a performance improvement plan, …

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Can and should businesses use AI to monitor employees?

Posted on August 10, 2023 by Claire Tourret

The pros and cons of new ways of working – including remote and hybrid arrangements made ever more common since the pandemic – are still hotly debated. But what is evident from Gartner research is that productivity monitoring has doubled since Covid, …

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Unlocking the Potential of the UK: A Comprehensive Guide for High Net Worth Individuals

Posted on August 9, 2023 by Claire Tourret

The United Kingdom, with its centuries-old traditions, dynamic business environment, and world-renowned educational institutions, has always held a distinctive allure for high net worth individuals (HNWIs) around the globe. Whether the goal is to offer their children a top-tier education, …

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Illegal migrant worker crackdown – what do employers need to know?

Posted on August 8, 2023 by Claire Tourret

The minister for immigration, Robert Jenrick, revealed a crackdown on illegal migrant workers yesterday (7 August), which will see fines triple for employers. The government release called the changes – which will also affect landlords – the “biggest shake up” of …

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Is it illegal for me to pay my handyman in cash?

Posted on July 31, 2023 by Claire Tourret

Is it illegal for me to pay my handyman in cash? Am I breaking the law paying in cash because I am facilitating tax evasion and leaving no paper trail? Would I be liable in any way if he gets …

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UK Court of Appeal widens the door for “opt out” class actions

Posted on July 26, 2023 by Claire Tourret

The Court of Appeal’s judgment in Evans v Barclays [2023] EWCA Civ 876 on 25 July 2023 has given the go ahead for FX manipulation class actions on an “opt out” basis. This paves the way for opt out claims …

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Odey and the FCA: a changing approach to non-financial misconduct?

Posted on July 20, 2023 by Claire Tourret

The Financial Conduct Authority (“FCA”) has long viewed non-financial misconduct as misconduct that falls within the scope of the regulatory framework. In May 2018, Megan Butler, the then FCA Executive Director of Supervision, gave evidence in the House of Commons …

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Citi will hold employees ‘accountable’ for office attendance

Posted on July 19, 2023 by Claire Tourret

Citigroup recently announced that it will start holding employees “accountable” for compliance with its hybrid work model rules. The bank said in its statement that they are committed to a hybrid work model, and that they have firm expectations that …

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