AGP Executive Report
Last update: 4 hours agoUK Motor Finance Redress: The FCA has partially suspended its £9bn car finance compensation scheme after an Upper Tribunal agreed to hear legal challenges, pushing payouts for mis-sold agreements to at least 2027 while lenders pause calculations and payments. Wealth & Markets: India’s Sensex and Nifty extended gains for a second straight session, adding about Rs 5.7 lakh crore to investor wealth over two days as tech-led buying returned. Tax Transparency: Moldova approved expanded automatic exchange of financial account data categories, with updated rules starting in 2027 and reporting from 2028. Wealth Management Moves: PwC is relocating its UK HQ to Canary Wharf, taking 350,000 sq ft in a renovated tower by 2030. Car Finance Fallout: Consumer groups and carmakers (including Volkswagen and Mercedes finance arms) are behind the court fight, with the tribunal dates set for December or February. Philanthropy Pulse: New UK research finds nearly half of Britons think wealthy people have a duty to donate to charity. Banking & Regulation: New Zealand’s RBNZ appoints a permanent assistant governor for financial stability, linking supervision and enforcement to mortgage lending standards. Global Finance: The World Bank approved a second phase of financing for Tajikistan’s Rogun hydropower project, targeting jobs and cleaner power supply.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.