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A Gibraltar-based pension scheme will face British investors' claims it was negligent in accepting pension transfers from an unregulated firm in Cyprus that allegedly scammed them, an appeals court has ruled, in a significant decision for consumers' claims against offshore companies.
A task force commissioned by the government will next week present its plan for a more diverse workforce in U.K. financial services, the chair of the body said on Thursday, amid criticism that its anticipated approach will fail to make a difference.
A former in-house doctor at the Kuwaiti embassy in London should not be allowed to expand his £715,000 ($852,000) claim for alleged race discrimination, the Gulf state's government argued at a U.K. employment tribunal on Friday.
A U.K. outpost of Saudi Arabia's education ministry should have state immunity from a British woman's discrimination lawsuit because her role was "sufficiently close" to its sovereign activities, the department argued to an appeals tribunal on Tuesday.
A proposal to tie some senior finance executives' pay to their progress on workforce diversity is unlikely to include hard targets, attorneys say, as they warn that regulators must prescribe how firms measure and manage such a requirement.