ABI struggles to save UK insurers from US rules August 25, 2010 UK life insurers could be hit with tens of millions of pounds of costs if they are forced to comply with tough regulations on tax evasion being drafted by US authorities. Companies such as Aviva, Old Mutual and Prudential would be forced to report the tax details of their US account holders every year under [...]
Reforms cut £350m of red tape on firms March 23, 2011 A RAFT of micro reforms to planning laws and business regulation were introduced in the Budget to boost growth in UK enterprise yesterday. Key supply-side reforms included sweeping changes to planning laws, to wave through applications for sustainable development and tear up nationally-imposed targets on the use of brownfield land. “We will introduce a new [...]
Reforms cut £350m of red tape on firms March 23, 2011 A RAFT of micro reforms to planning laws and business regulation were introduced in the Budget to boost growth in UK enterprise yesterday. Key supply-side reforms included sweeping changes to planning laws, to wave through applications for sustainable development and tear up nationally-imposed targets on the use of brownfield land. “We will introduce a new [...]
HOW THE INSURANCE RULING COULD AFFECT YOU March 1, 2011 Q.WHAT IS THE RULING? A.The European Court of Justice (ECJ) has ruled that insurance companies cannot charge different premiums to men and women based on their gender. It also bans use of actuarial factors to calculate men’s and women’s pension contributions. Q.WHY HAS IT HAPPENED? A.The ruling amends the Gender Directive, which came into effect [...]
Do gifted athletes have an obligation to realise talent? March 1, 2011 YES Dedication is least the paying public deserve, argues James Goldman WE’VE ALL got our sporting hero. Be it the guy who runs the 100m in the time it takes to type Usain Bolt’s name into YouTube, or the former sheet metal worker who became a 14-time world champion by dint of being able to [...]
Do gifted athletes have an obligation to realise talent? March 1, 2011 YES Dedication is least the paying public deserve, argues James Goldman WE’VE ALL got our sporting hero. Be it the guy who runs the 100m in the time it takes to type Usain Bolt’s name into YouTube, or the former sheet metal worker who became a 14-time world champion by dint of being able to [...]
ABI director Kerrie Kelly leaves after just six months July 15, 2010 KERRIE Kelly has left as director general of the Association of British Insurers (ABI) after just six months in the role. Kelly is “stepping down from her role to return to Australia… for personal reasons”, according to the ABI. She joined the ABI to replace Stephen Hadrill, who left to join the Financial Reporting Council. [...]
ABI NAMES L&G BOSS AS CHAIRMAN May 26, 2010 TIM Breedon, chief executive of executive of Legal & General, has been appointed the new chairman of the Association of British Insurers. The 51-year-old said it was “an honour to be asked to become ABI chairman at this vital time for the insurance industry”.
WHAT THE OTHER PAPERS SAY THIS MORNING November 29, 2010 FINANCIAL TIMES BLUNDER REVEALS CARBON TRADING DATA Europe’s biggest clearing house, LCH.Clearnet, has admitted that “confidential information” about trading in carbon emission allowances, including the names of individual traders, was mistakenly published on the internet. Climate Markets, which provides marketing services for LCH.Clearnet, said the information was placed on its website in error and has [...]
CORPORATE TAX REFORMS November 29, 2010 Q.HOW LONG BEFORE ANY CONCRETE PROPOSALS? A.The consultation is likely to last for around six months. The Treasury then intends to bring forward permanent reforms to the CFC?regime in 2012. In the meantime the Treasury is proposing to put forward interim measures regarding the CFC regime in a Finance Bill next year. Q.WHAT IS BEING [...]