UKSA, ShareSoc and Share Action have sent their final comments to the Digitisation Taskforce.
UKSA, ShareSoc and Share Action managed to meet the Taskforce on 18th September. Afterwards, we sent the Taskforce a follow up email confirming our collective views in anticipation of their final report, which should be out by the end of 2024.
Being vigilant is key. A bit of research identified three red flags
The flags are:
The firm has no licence to operate in the UK. From the FCA website DEAN-BARON CORPORATE GROUP LLP | FCA:
DEAN-BARON CORPORATE GROUP LLP
Warnings First published: 02/09/2024 Last updated: 02/09/2024
This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams.
Prompted by our recent discussions with Euroclear, Registrars and ShareAction, we are seeking through ShareAction a follow up meeting before the Taskforce publishes its final report, expected by the end of September.
This submission presents a potential transformation of the consumer protection landscape.
Beware of an increasing number of scammers contacting Northern Rock shareholders.
The firms state they are financial services, consultancy services and legal organisations. They require their targets to sign a non-disclosure agreement. Some are saying that they are doing this on behalf of Virgin Money UK.
Sue Milton, External Relations Director, has contacted Virgin Money, the bank that bought Northern Rock in January 2012. Virgin Money has confirmed they are not doing anything with Northern Rock and these firms are not acting on behalf of Virgin Money.
UKSA's submission to the Inquiry conducted by the UK Parliament's Education Committee has now been published.
UKSA expresses its disappointment in the government’s dismal performance on restoring trust in audit and governance in its response to the FRC’s draft budget and plan 2024-25 for consultation.
The FRC published its draft budget and plan 2024-25 for consultation on 15th December 2023 and we responded on 22nd January 2024.
We made four points:
In response to an ‘Inquiry into strengthening Financial Education’ UKSA presented new ideas to address the UK population’s weakness in financial literacy.
Who is responsible for an organisation’s non compliance with laws and regulations? We have replied to the FRC’s consultation to point out that the revised ISA (UK) 250 needs to be very clear on this – it’s the organisation’s management, not the auditor
We had asked for the meeting to express concerns at the direction of the Taskforce’s Interim Report expressed in our formal response.
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