UK’s Nest pension fund launches £1.5bn private equity spending spree August 27, 2021 Workplace pension scheme giant Nest has launched a new procurement for private equity, in which it plans to invest £1.5bn – or 5 per cent of its assets under management – by 2024. The state-backed pension fund, which has £20bn assets under management and 10m members, has announced a search for fund managers for the [...]
Seven million unemployed Brits not looking for work because they do not want a job August 27, 2021 Around seven million people in the UK who are unemployed are not looking for work because they do not want a job, according to official figures. Data from the Office for National Statistics shows of the 13m Brits who are not looking for work, over half said they were doing so because they did not [...]
Credit Suisse moves forward with six-figure junior banker salaries August 27, 2021 Credit Suisse has hiked salaries for first year analysts to $100,000 following other big banks increasing pay for juniors. The Wall Street bank has become the last major investment bank to offer six-figure entry level salaries to bankers. Analysts within Credit Suisse’s investment banking and capital markets unit were reportedly told the bank would pay [...]
Norway poised for historic first female as its central bank chief August 27, 2021 Norway may appoint a female as its central bank chief for the first time ever, after governor Oystein Olsen announced on Thursday that he will step down in February 2022. Deputy governor Ida Wolden Bache is in a prime position to succeed Olsen in running monetary policy in the wealthiest Nordic economy, Nordea bank economist [...]
Apple CEO Tim Cook receives $750m payout August 27, 2021 Apple chief executive Tim Cook has sold shares in the technology company for more than $750m (£550m). The CEO sold most of his five million shares in the firm, according to a company filing with the US Securities and Exchange Commission (SEC) watchdog. The payout was part of a deal he agreed to when he [...]
Exclusive: As workplace confidence in bosses tumbles, external consultants thrive August 26, 2021 In a time of tremendous ambiguity, the Covid-19 pandemic has forced business leaders to act urgently in moments of crisis as they have to make decisions in a heartbeat since circumstances and regulation keep on changing. Yet, with new data from the London Business School estimating that Covid-19 has left around 16m jobs in a precarious position, it is far from certain that business [...]
Over 2m people receive less than £100 per week from state pensions August 26, 2021 More than 2m Brits receive less than £100 per week from state pension payments it has been revealed. Data analysed by Hargreaves Lansdown showed that millions of British pensioners are paid under the full state pension rate, which stands at £179.60 per week for those who retired after April 2016 and £137.60 per week for [...]
Ever wondered what life is really like at eClerx? We got the inside scoop August 25, 2021 eClerx was founded in 2000 by Anjan Malik and PD Mundhra with the goal of transitioning, managing and transforming complex business processes. Following successful careers in investment banking, Anjan and PD, graduates of University of Pennsylvania’s Wharton School of Business, jointly identified significant opportunities for providing innovative services and solutions to large global companies undergoing [...]
Exclusive: The City’s IPO women on ‘the male-dominated, testosterone-driven culture’ August 24, 2021 When an investor attending a presentation at the RAF club asked Cath O’Neill if she could take his coat, she was bemused. A short while later the same investor apologised profusely, having realized he had mistaken the only female CEO for a member of the waiting staff. O’Neil, who was by then accustomed to being [...]
Culture club: Ally MacIndoe CA on her role as Finance Director MENA at the British Council and the UK’s continued cultural clout August 24, 2021 | City Talk This article first appeared in ICAS’ CA magazine. The UK has always had huge cultural clout. By connecting people through innovative education and the soft power of the English language, Ally MacIndoe CA, Finance Director MENA at the British Council, is keeping it that way Many readers, whether in the UK or abroad, will have heard [...]
