City Moves for 12 January 2016 | Who’s switching jobs January 12, 2016 RPC Consulting Chris Carson has joined RPC Consulting – the insurance consultancy arm of RPC – as a partner from PwC. Chris has over 28 years’ experience in the insurance sector and while at PwC, he led the Big Four accountancy firm’s insurance advisory practice across EMEA. Chris has worked at board level with Direct [...]
Pension changes April 2015: Huge demand sees pension groups Aviva, Prudential and Pension Wise open for bank holiday business April 7, 2015 Pension firms have put extra measures in place to deal with the impact of the new pension rules, which came into play yesterday. The reforms mean savers aged 55 and over will no longer be forced to buy an annuity with their pension pot, and instead will be allowed to cash in as much of [...]
Ireland qualify for Euro 2016 as Jonathan Walters helps exorcise ghost of Thierry Henry handball November 16, 2015 Republic of Ireland boss Martin O’Neill hailed the battling qualities of his side after they overcame Bosnia-Herzegovina in a nervy play-off at the Aviva Stadium last night to qualify for next year’s European Championships. Ireland are no strangers to play-offs and had lost five of their previous seven, but a goal in each half from [...]
Rugby union and rugby league compared ahead of Manchester showdown between England v Uruguay and Super League final October 9, 2015 England travel to Manchester City's Etihad Stadium to face Uruguay in a World Cup dead rubber this Saturday, their first excursion beyond Twickenham at the tournament. But you could forgive locals for averting their attentions to a different code of rugby as the Super League final between Leeds Rhinos and Wigan Warriors takes place across town. [...]
One Undershaft: Plans to build the City’s tallest skyscraper and London’s second highest building revealed December 7, 2015 Plans to build the City’s tallest skyscraper and London's second highest building – rivalled only by the Shard – have been unveiled today. Singapore-based developers Aroland Holdings are seeking planning permission to build a 73 storey tower at One Undershaft in the City, between the Leadenhall Building and 30 St Mary’s Axe. Standing 309.6 metres [...]
Aviva Investors fined £17.6m by financial regulator over conflicts of interest failings February 24, 2015 Aviva has been slapped with a multi-million pound fine by the City regulator over failings in its asset management business. The Financial Conduct Authority has ordered Aviva Investors to pay £17.6m for failing to employ the correct risk management systems and controls which resulted in conflicts of interest not being managed fairly. “Ensuring that conflicts [...]
UK pensions: Almost £3bn withdrawn from pension savings pots since April this year, HMRC reveals October 28, 2015 HMRC announced today that 251,000 flexible payments from pensions, totalling £2.7bn, had been made since the pension freedoms rules came into effect in this April. In the last six months, 146,000 people have made a withdrawal from their pension under the new rules. The figures also showed that the number of people taking flexible payments [...]
HomeServe fixes up profit of £26.2m for 2015 half year results as customer numbers continue to rise November 17, 2015 HomeServe this morning revealed adjusted profit before tax of £26.2m for the six months ended 30 September 2015, up less than one per cent from £26m for the same period last year. However, adjusted profit before tax on a constant currency basis would have been £28m, an increase of eight per cent. Net debt for [...]
Aviva to cut 1,500 jobs in Friends Life takeover January 19, 2015 Aviva could axe up to 1,500 jobs as part of its £5.1bn acquisition of its rival Friends for Life, a move which would amount to 4.8 per cent of the combined companies' total work force. The FTSE 100 insurer said it is unable to provide specifics until the takeover completes, however it will try to [...]
City Moves for 14 September 2015 | Who’s switching jobs September 13, 2015 IMPAX ASSET MANAGEMENT The specialist investment manager has appointed David Winborne as senior portfolio manager. He was previously a member of the in-house asset management team at Tesco Pension Investment. Winborne has also previously worked at Sarasin & Partners and Insight Investment Management. AVIVA INVESTORS John Osborn has been appointed real estate fund manager at [...]