The departure of the super rich is an early warning siren for the rest of us September 18, 2024 Marcelo Goulart, managing partner at the Zurich-based wealth advisor First Alliance, has been so busy helping his clients leave the UK that he’s had no summer holiday. He tells City A.M. that 80 per cent of his “UK exposed” clients have either left the country or are in the final stages of doing so. He [...]
CBI urges government to have closer ties with EU to help boost services trade September 17, 2024 In a new report, the business group argued that closer ties with the UK's major trading partners would help deliver the economic growth which the new government has pledged to deliver.
US retail sales rise ahead of Fed’s interest rate decision September 17, 2024 July's figures were also revised up to show a 1.1 per cent gain having previously been estimated at 1.0 per cent increase.
The new payments architecture and Bacs September 17, 2024 | Sponsored Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra You might have heard that there are plans to modernise some of the key UK payment rails and wondered how these updates will affect your payment processes. In this article, we explore what the changes are and why they are needed. Let’s start at the beginning; [...]
Navigating ISO 20022 in the Bacs world September 17, 2024 | Sponsored Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra As organisations and financial institutions look for new ways to pay in a growing payments landscape, using a common language for all financial messages allows participants and systems in different markets to communicate in a single, consistent format using agreed terminology. ISO 20022 is a global [...]
A quick guide to the key UK payment rails September 17, 2024 | Sponsored Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra There are a range of payment rails available in the UK; some widely applicable while others work better for companies operating in certain circumstances. But what is a payment rail? Payment rails refer to the underlying infrastructure and systems that facilitate the movement of money between [...]
Keir Starmer: Policies that inhibit growth will be in the ‘no column’ September 17, 2024 “If it promotes economic growth, it’s in the Yes column — if it is inhibiting growth, it’s in the No column,” he reportedly said.
Companies need to boost employee pensions says IFS September 16, 2024 Approximately 30 per cent to 40 per cent of private sector employees will have individual incomes in retirement that fall short of standard benchmarks, the IFS said.
‘Expensive triple lock’ needs to be reformed to get UK finances in order, OECD says September 16, 2024 "The current fiscal trajectory is unsustainable in the long term," the Paris-based organisation said.
Bank of England set to hold interest rates but further cuts loom, top economists say September 15, 2024 The Bank of England is widely expected to leave interest rates on hold this week, according to a City A.M. poll of top economists.