Government cuts private pension costs July 8, 2010 THE government yesterday outlined plans that will shave billions of pounds off the private sector’s pension bill, by reducing the amount that pension payments must rise in line with inflation. In future, payments for those on final salary schemes will rise in line with inflation as measured by the consumer price index (CPI), as opposed [...]
CITY MOVES | WHO’S SWITCHING JOBS August 12, 2010 Deloitte The accountancy firm has appointed Zahir Bokhari to lead its UK banking and capital markets audit business. Bokhari brings over 20 years of experience to the role, having provided audit, assurance and advisory services to numerous listed clients in the retail banking, inter-dealer brokers and capital markets sectors in his previous capacity as senior [...]
Pension deficits at £160bn May 24, 2010 The UK’s largest private pension plans have racked up a £160bn shortfall, according to a study. The combined deficit on FTSE350 retirement plans has more than trebled from £49bn last March, the report from consultants Mercer showed. The shortfall is smaller than the £170bn reported in early 2010. Mercer’s Deborah Cooper said:?“Events in the wider [...]
Pension deficits at £160bn May 24, 2010 The UK’s largest private pension plans have racked up a £160bn shortfall, according to a study. The combined deficit on FTSE350 retirement plans has more than trebled from £49bn last March, the report from consultants Mercer showed. The shortfall is smaller than the £170bn reported in early 2010. Mercer’s Deborah Cooper said:?“Events in the wider [...]
Corporate code could foster short-termism June 13, 2010 CORPORATE PARTNER, HOGAN LOVELLS TIDJANE Thiam of the Pru may well be grateful that the new Corporate Governance Code – with its requirement for all directors of FTSE 350 companies to be subject to annual re-election by shareholders – only takes effect from 29 June this year. At the heart of the new code is [...]
THE TIPSTER November 17, 2010 THE majority of European airlines are staging something of a rebound after the recent sell-off, yet EasyJet has really stood out. It posted some decent earnings news earlier in the week and announced – as widely expected – the payment of its first dividend in 2012. Traders have been using the opportunity to sell down [...]
Directors must be re-elected annually, says new FRC code May 27, 2010 THE CITY has widely welcomed new corporate governance rules set out by the Financial Reporting Council (FRC). Replacing the former Combined Code, the FRC is introducing the new UK Corporate Governance Code in a bid to make companies more accountable to their shareholders. Among the changes are recommendations that all directors at FTSE 350 companies [...]
Directors must be re-elected annually, says new FRC code May 27, 2010 THE CITY has widely welcomed new corporate governance rules set out by the Financial Reporting Council (FRC). Replacing the former Combined Code, the FRC is introducing the new UK Corporate Governance Code in a bid to make companies more accountable to their shareholders. Among the changes are recommendations that all directors at FTSE 350 companies [...]
MARKETS REJECT IRELAND BAILOUT November 29, 2010 MARKETS rejected the €85bn (£71.6bn) bailout of Ireland yesterday, as traders turned their attention to those countries they think could be next: Portugal, Spain and Italy. EU finance ministers had hoped the deal would inspire confidence, but the FTSE closed down two per cent to its lowest level in two months, while the US’ Dow [...]
MARKETS REJECT IRELAND BAILOUT November 29, 2010 MARKETS rejected the €85bn (£71.6bn) bailout of Ireland yesterday, as traders turned their attention to those countries they think could be next: Portugal, Spain and Italy. EU finance ministers had hoped the deal would inspire confidence, but the FTSE closed down two per cent to its lowest level in two months, while the US’ Dow [...]