Founders can’t escape the growing pains, but loving what you do makes it easier August 19, 2024 The reality is that the start-up ecosystem — whether it be in tech, hospitality, or retail — has never been easy.
Volatile markets and soaring gilt yields could see pensions buy-out boom, analysts say November 14, 2022 The UK could see £200bn worth of pensions buyouts over the next three years as higher gilt yields and increasingly volatile markets boost the attractiveness of bulk purchase annuity deals, analysts have said. The market for bulk purchase annuity deals could show fast paced growth over the next few years as pension funds seek to [...]
What is the cost of relegation from the Premier League? May 27, 2023 The cost of relegation from the Premier League has been called “the biggest financial jeopardy in world football” and this weekend Everton, Leicester City and Leeds United will be locked in a battle to avoid it. Two of those three teams will drop out of the richest domestic competition in the sport and into the [...]
Law firm Ince’s shares to remain suspended after further results delay January 31, 2023 The listed law firm Ince announced this morning it has further pushed back the publication of its results for the last financial year. Ince told markets this morning that auditors BDO have “informed the company that they require additional time to conclude their audit procedures.” That means the publication of the firm’s annual report for [...]
Bulk annuity transactions set to hit record levels in 2022 August 15, 2022 The UK market for bulk annuity transactions is on track to hit record levels this year, pensions experts have said. The value of all UK bulk purchase annuities deals is already up by 50 per cent compared to last year, and could hit historic levels by the end of the year. The increase in [...]
FCA gets green light to take insurance giants to Supreme Court over Corona policies October 5, 2020 A High Court in London approved the FCA’s request to let the Supreme Court decide on the matter in which the market regulator is seeking clarification on the wording of numerous insurance policies in relation to claims filed as a result of the pandemic.
Labour will double the size of the co-op and mutuals sector February 29, 2024 Under a Labour government, there will be a level playing field for low-risk, member-owned organisations that reinvest their profits, say Tulip Siddiq and Joe Fortune
RSA, Hiscox and others drop appeal against Covid-19 business interruption insurance payout rulings October 21, 2020 The appeals linked to the Resilience, Eaton Gate Retail, and Eaton Gate Pubs & Restaurants business interruption insurance policies have now been dropped.
Reported cyber security breaches increase threefold for financial services firms September 25, 2023 Cyber security breaches for UK financial services firms have increased threefold from the years of 2021-2022 and 2022-2023, with the highest – reportedly – being in the pensions sector. New research by the international law firm RPC shows that the amount of reports of cyber security breaches to the Information Commissioners Office (ICO) has increased [...]
Axa launches £840m share buyback scheme as higher earnings offset £250m hit from Ukraine August 3, 2022 French insurance giant Axa today said an uptick in earnings, driven by higher incomes from its investment portfolio, offset the €300m (£251m) hit to its business arising from the war in Ukraine. In reflecting its “robust performance,” Europe’s second biggest insurer vowed to buy back €1bn worth of its own shares from shareholders, after [...]