UKSA's Annual General Meeting will be held online on Sunday 14 June 2020 at 2.30pm. If you are a member but have not yet received an invitation, please contact the office via email - officeatuksa@gmail.com.
It is planned to hold a social gathering for members later in the year.
UKSA is introducing a new category of membership. Associate Membership is free. It’s a great way to get to know UKSA without having to make any financial commitment.
Applying for Associate Membership is easy. All you need to do is enter your name and e-mail address on the joining page here. Pass on the news to your friends and colleagues.
To join, click here.
A comparison table of benefits is shown below.
UKSA has submitted a response to the Prudential Regulation Authority's Consultation Paper CP2/20 on Capital Requirements and Macroprudential Buffers
Members will understand that our AGM planned for May 11 must be postponed.
it will be re-arranged once the Covid-19 situation clarifies. Meanwhile the board approved the 2019 accounts yesterday and these will be made available as soon as possible.
The UKSA Board is wishing to continue ‘business as usual’ as much as practical, to remain a conduit for member discussion and to wish all a safe and healthy journey through this difficult period.
Colin Colvin
Chairman
Hello all.
Following the very disappointing rejection of our claim by PM Mrs May and the Treasury over a year ago we have had a busy time watching events and extending our research, culminating in our letter to the Prime Minister and copied to the Chancellor on 28th February 2020.
A copy of this letter can be found here.
We are quite hopeful that this approach will convince the new administration under Boris to assist our fight for fairness.
Holly Mackay, owner and inspiration of the advice website Boring Money, has taken the trouble to research the charges of 10 platforms and wealth managers on a notional investment of £1 million over 25 years. The shocking results have been taken up by FT Money to support a campaign for greater transparency of fees and charges.
In response to a reader’s question, the Financial Times recently carried a detailed explanation by UKSA director Peter Parry of the problems posed by the pooled nominee system through which most individual shareholdings in the UK are held.
Further details can be found here.
As members who bought shares in Sirius Minerals will know, in early January the Company received a takeover offer of 5.5p a share from Anglo American, valuing Sirius at almost £386m. However, many Sirius investors who originally paid more than 20p for their shares feel the offer is too low.
UKSA has set up a new campaign page here
After extensive work, UKSA director Sue Milton has drawn up and filed a detailed response to the Call for Evidence for the Cyber Security Incentives and Regulation Review 2020 being conducted by the Department for Digital, Culture, Media and Sport.
UKSA and ShareSoc have submitted a joint response to the law Commission’s call for evidence on intermediated securities.
This deals primarily with securities held by an intermediary or nominee on behalf of the beneficial shareholder. The full response, submitted on 5th November 2019, can be found here.
Renewing your UKSA membership is quick and easy, ensuring uninterrupted access to all the advantages of membership.
