Multigenerational households are set to rise across the UK May 27, 2016 As house prices soar across the country, a report released today predicts that the UK could become a nation of multigenerational households. There has been a 52 per cent rise in house prices between 2005 and 2015, according to the report from Aviva. During the same period, there has been a 32 per cent increase [...]
London Irish v Saracens to be played in New York as Aviva Premiership Rugby lands in America October 27, 2015 London Irish and Saracens will play each other in New York in the Aviva Premiership's first ever overseas fixture. The two London clubs will swap the Big Smoke for the Big Apple on Saturday 12 March, with the Exiles' home fixture set to be staged at the 25,000 capacity Red Bull Arena, home of the New York [...]
Columbia Threadneedle’s property funds become the latest to suspend trading July 6, 2016 Columbia Threadneedle has become the latest firm to suspend trading on property funds. Both the Threadneedle UK Property Authorised Investment Fund (Threadneedle PAIF) and the Threadneedle UK Property Authorised Trust suspended at 12pm on Wednesday. It follows Aviva, M&G, Henderson, Standard Life and Canada Life in suspending trading on UK property funds. Read more: Fourth property fund suspension announced [...]
UK private equity firm’s shares leap after £1bn US takeover offer September 12, 2016 UK private equity company SVG Capital’s share price jumped 15 per cent today after US rival HarbourVest made a more than £1bn takeover offer. The all-cash offer of 650p per share values existing issued share capital at around £1.015bn. The company said the offer is “highly attractive”, saying it represents a 14.7 per cent premium on SVG’s [...]
Bank of England approves 19 insurers’ solvency II models for capital ratios ahead of EU 2016 rules, including Aviva, Prudential and Lloyds of London December 6, 2015 Several of Britain's biggest insurance firms, including Aviva, Prudential and Lloyds of London have been given the thumbs up by the Bank of England for new rules governing how much capital they should hold. The Solvency II capital rules which come into force across the EU from the start of next year, mean insurers are able [...]
Former Aviva Investors analyst Mothahir Miah banned and fined £139,000 by FCA for cherry picking hedge fund trades November 17, 2015 The Financial Conduct Authority (FCA) has hit a former investment analyst at Aviva Investors with a £139,000 fine and banned him from taking part in any regulated activity in the financial services industry. Mothahir Miah deliberately delayed booking and placing the trades of hedge-funds by several hours, in order to allocate those which had benefitted from [...]
City Moves for 7 September 2016 | Who’s switching jobs September 7, 2016 Opus Opus Global, the provider of SaaS-based compliance solutions, has appointed Emanuele “Manny” Conti as chief executive officer. Emanuele brings more than 20 years of leadership experience in the risk management and data analytics industries, with a proven track record of building global growth-oriented businesses. He was most recently CEO of Kroll and before that, president [...]
Happy Brexiversary – these are the funds that have performed the worst since the EU referendum September 23, 2016 It's been three months since the Brexit vote. A lot has happened – but some of the worst hit (apart from David Cameron and George Osborne) were property funds. Several funds were forced to block withdrawals after the Brexit vote – closing the gate on £15bn-£20bn worth of funds – because investors were taking out so much money; several more imposed fair [...]
Aviva Premiership Rugby salary cap to rise to £7m but still trails France’s Top 14 October 23, 2015 Premiership Rugby clubs have had their salary cap shackles loosened in order to "drive the next phase of growth in English club and international rugby". Clubs' limit on wage spending will be lifted by £1m to £6.5m next season and £7m in 2017/18, bringing the Premiership closer to the spending power enjoyed by French clubs, which are currently capped at [...]
Meet the 18 companies joining the FCA’s regulatory sandbox November 7, 2016 The UK's foward-thinking financial regulator has chosen 18 companies to participate in its so-called regulatory sandbox, where they will be able to test out new technologies without breaching rules. Launched over the summer, the sandbox is designed to foster fintech innovation while remaining under the supervisory eye of the City watchdog, the Financial Conduct Authority. Read more: [...]