Aviva “maintaining the momentum” of turnaround October 29, 2015 Aviva is "maintaining the momentum" of its turnaround, keeping the business on track for ongoing growth. The figures Within life insurance, value of new business grew 25 per cent to £823m, up from £685m for the same quarter last year, while Aviva platforms attracted £2.2bn net inflows in the nine months to 30 September. New business [...]
The City’s tallest skyscraper gets the go-ahead November 28, 2016 The tallest building in the City of London, 1 Undershaft, has just received planning approval. Rising up 73 storeys, the new glass giant will be the second tallest tower in western Europe after the Shard. To make room for the building, Aviva Tower will be demolished. Read more: Steel group Severfield sets its sights on [...]
Legal & General says it will double new business sales in retirement division in 2016 September 27, 2016 Legal & General said today that it's on track to double new business sales in its retirement division, with sales currently at £5.4bn – compared with £2.9bn for last year. The group said its retirement business "continues to experience strong growth in pension de-risking and lifetime mortgages," and demand has not been hindered by the introduction [...]
Investors want to better understand why executives are paid what they are paid October 31, 2016 An influential investment management trade body has written to the bosses of Britain's largest companies to urge "greater simplicity and flexibility of pay structures". The Investment Association (IA), which represents companies that manage over £5.7 trillion of assets, wrote to the chief executives of the FTSE 350 to set out what shareholders want from company boards [...]
How can we get ourselves to save more? Use behavioural economics February 1, 2017 It's a convenient excuse – we all vow to save more when we earn more. A new survey by YouGov for Zurich UK of British adults in work found that more than two fifths (42 per cent) said that earning more would encourage them to save more into a pension. Unfortunately, they rarely actually do [...]
City Moves for 7 December 2016 | Who’s switching jobs December 7, 2016 Lee Baron Lee Baron, a specialist in property management, has promoted Mark Fitzgerald to head of property management. Having joined the firm in 2015 as a director in the property management department, Mark takes the reins from Ian Jones, who after 10 years in the role, will now be concentrating on his position as chief [...]
Wellcome Trust set for $100m windfall from Snap IPO as tech firm woos City investors February 20, 2017 The Wellcome Trust is set for a huge windfall from the hottest tech IPO of the year. Snap's public offering, expected next week, will return around $100m (£80.3m) to the science institution following on from successful early bets on Facebook and Alibaba, among others. It comes as the Los Angeles-based startup sought to woo European investors, bringing its IPO [...]
City Moves for 30 November 2016 | Who’s switching jobs November 30, 2016 Close Brothers Asset Management Close Brothers Asset Management (CBAM) has strengthened its financial education corporate relationship team, making key appointments in senior positions. Mike Hardy (pictured) has been appointed as director of strategic partnerships having over 15 years’ experience in this area with senior positions at three FTSE companies; HSBC, Aviva and Lloyds Bank. His role [...]
Six Nations 2017: Why Ireland vs England is “massive” for sponsors Guinness on St. Patrick’s Day weekend March 18, 2017 As far as weekends go, they don’t come much bigger for Guinness. St. Patrick’s Day, of course, means pint pullers around the world will have spent an evening with one hand permanently affixed to the Guinness pump — it is estimated that the annual celebration can double the average day sales of the Diageo-owned brand. [...]
City Moves for 4 October 2016 | Who’s switching jobs October 4, 2016 Edison Edison, an investor relations and investment research company, has hired Elliott Berstock to the role of account manager in the investor relations team. Elliott brings to Edison more than 10 years’ capital markets experience in the investment industry, joining from Capital Access Group, where he held the positions of associate director of investor relations and [...]