Millennials ignored by UK’s financial institutions as boards stumble towards gerontocracy January 9, 2023 The boards of banks, asset managers and fintechs are outstripping their European rivals at female representation, but failing to take on any millennials, according to new research. EY’s report found that there were no board members under 40 in any of the UK’s top financial services firms. The report on board diversity shows that in [...]
Industry must avoid return to ‘Wild West’ with ultra-cheap deals, warns energy boss June 27, 2023 Telecom Plus - which trades as Utility Warehouse - has announced record revenues and profits for its bundled household services arm.
Labour worked hard to woo business, but now comes the real test June 13, 2024 The Tory party manifesto, undeliverable and shaky though it was on the numbers, did have something going for it. The gradual abolition of national insurance to be replaced with a single income tax; more housebuilding; cutting the time it takes to get spades in the ground on major infrastructure projects. If you take it at [...]
Looking after employees over the long-term will always win out October 10, 2022 It’s become almost a cliché to declare that we are living through unprecedented times, and it would be hard to describe our current economic turbulence in any other way. The impact of these challenges go way beyond people’s finances. Economic challenges and mental health This World Mental Health Day, employers need to be more aware [...]
Competition watchdogs kicks off inquiry into Aviva acquisition of AIG Life February 8, 2024 The Competition and Market Authority (CMA) has launched a merger inquiry into the acquisition of AIG Life by Aviva. It was announced last September that Aviva was acquiring the US giant protection business from its subsidiary Corebridge Financial for a quoted price of £460m. The business Aviva is buying provides has 1.3m individual protection customers [...]
Ever Given’s blocking of Suez Canal shows threat posed by global warming, Marsh says November 10, 2022 The blocking of the Suez Canal by the cargo ship Ever Given shows the threat climate change poses to the global economy, according to a new report from the world’s largest insurance broker Marsh. Rising sea levels and an uptick in extreme weather events could wreak havoc on global supply chains by disrupting key shipping [...]
Bad debt and high interest rates set to drag on US banks’ earnings January 8, 2024 Lenders are rebounding from share price dips in October as the US economy shows signs of resilience and the central bank pencils in multiple rate cuts this year.
Exclusive: Rishi Sunak plans shake-up of worker ownership schemes June 4, 2023 Rishi Sunak and Jeremy Hunt are drawing up plans to revamp schemes designed to hand workers a stake in their employers, City A.M. can reveal. The Treasury will today ask businesses for their view on the effectiveness of government-sponsored programmes that steer staff toward taking stakes in their employer by offering financial incentives. The Prime [...]
CBI exodus: Which firms have quit or suspended their relationship with the lobby group? April 21, 2023 A slew of top firms have quit or suspended engagement with the CBI today after the lobby group was rocked by new allegations of sexual abuse.
Manage the risks of crypto, and you can reap the rewards April 22, 2021 Mark Robinson, insurance expert with Verlingue, explains how to manage the risks associated with cryptocurrency.