These are 2016’s top 100 influential leaders in fintech (part 1 of 4) December 7, 2016 It is no secret that the financial services industry continues to be transformed by the digital revolution. According to PWC, roughly 20% of financial services business is at risk of disruption to fintech companies by 2020. It follows that investment into the sector continues to rise. In 2015, funding of fintech businesses more than doubled [...]
UK pensions: Only three per cent of employers have helped staff understand changes to the lifetime and annual allowance for pension contributions, which are due to come in this April February 16, 2016 Some big changes are on the horizon for pensions, but just a handful of businesses are taking action to help their employees understand them, according to a new survey. Research released today by Close Brothers Asset Management has discovered that only three per cent of employers are offering specific support to staff members who are likely [...]
City workers warned over looming job losses, bonus cuts, and hard times in the square mile April 11, 2016 Workers in the square mile should brace for deep cuts to both bonuses and jobs with economists warning that faltering deals, stalled IPOs and market difficulties will take an extreme toll on the City over the coming months. No fewer than five separate bodies have issued downbeat forecasts about the state of London's dominant banking [...]
Economic impact of Storms Eva, Desmond and Frank could hit £3bn December 30, 2015 The UK economy could be dented by as much as £3bn by damage from Storms Eva, Desmond and Frank. PwC said economic losses from the storms Desmond and Eva will be between £1.6bn and £2.3bn, while insured losses will hit £900m-£1.2bn. "Based on the currently available information, our understanding is that Desmond and Eva combined had at least 11,500 [...]
Cyber attacks and data breaches are biggest threat to business in 2016 – Business Continuity Institute February 8, 2016 Cyber attacks and high-profile data breaches are the biggest threat to business in 2016, according to a survey of 500 companies from around the world. A whopping eighty-five per cent of risk experts polled by the Business Continuity Institute said they were concerned by the prospect of a cyber attack over the next 12 months, [...]
Is there a future for UK oil and gas? February 24, 2016 Alison Baker, head of UK oil and gas at PwC, says Yes. Times are tough. Over-supply in the market, lower for longer oil prices and the impending transition to a low carbon world, alongside cost management and working capital issues, are hitting the UK oil and gas industry hard. But it’s not the beginning of the [...]
Pension tax relief changes are forcing employers to rethinking how they reward their higher earners December 23, 2015 A third of companies have gone back to the drawing table over how they reward their higher earners, as new restrictions slash the amount people can put into a pension pot tax free. Research released today by professional services firm PwC found that changes to the annual allowance for higher earners, which are due to come [...]
The 20 best perks firms like Netflix, Spotify, Facebook and Google offer their employees February 3, 2016 We spend most of our waking hours in the office, so it’s no surprise we’d want that time to pass by as enjoyably as possible. Careers website Glassdoor has surveyed employees to find the best perks available, and according to the recruiter, more than half, some 57 per cent, argue that perks are among their [...]
What George Osborne’s Budget means for you: Five case studies including an entrepreneur, an apprentice and a chief exec March 16, 2016 Accountants from BDO ran the numbers for City A.M. to see the effect George Osborne's 2016 Budget will have on people with a variety of different incomes, living situations and responsibilities. THE BUSINESS WOMAN Catherine Gannon, chief executive at Gannons Commercial Law Gannons Commercial Law continues to perform well as profits and earnings increase on last year. [...]
City Moves for 12 January 2016 | Who’s switching jobs January 12, 2016 RPC Consulting Chris Carson has joined RPC Consulting – the insurance consultancy arm of RPC – as a partner from PwC. Chris has over 28 years’ experience in the insurance sector and while at PwC, he led the Big Four accountancy firm’s insurance advisory practice across EMEA. Chris has worked at board level with Direct [...]