PRA hits back at claims it has been ‘captured’ by insurance sector September 13, 2023 The head of the banking and insurance regulator today rebuffed accusations that it had been "captured" by the insurance industry as it considers major reforms to the sector.
St James’s Place calls in ex Prudential boss as its new chief executive September 13, 2023 London wealth manager St James’s Place has appointed the former boss of insurance giant Prudential as its new chief executive today as veteran Andrew Croft prepares to step down later this year.
FCA poised for fresh clampdown on firms with new marketing rules September 12, 2023 FCA poised for fresh clampdown on firms with new marketing rules
DX delivery group gets £293m bid from US private equity firm HIG September 11, 2023 Delivery company DX Group said on Monday that it has been courted with an approximately £293m offer from a US private equity giant.
Pension bosses under fire for ‘overconfident’ account of Truss-triggered LDI crisis September 11, 2023 Pension bosses have come under fire from experts today after giving an “overconfident” assessment of their role in tackling the crisis that engulfed the sector in the wake of Liz Truss’s disastrous mini-budget last year.
London Stock Exchange bolsters top team with deputy chief for reform offensive September 11, 2023 The London Stock Exchange has promoted its head of primary markets to deputy chief executive today as it looks to push ahead with a reform offensive this year.
Kroo kicks off £70m fundraise as it targets profitability September 11, 2023 Digital bank Kroo is looking to raise a fresh round of cash from investors as it targets a swing to profit in the coming months, the firm announced today.
Baroness Morrissey: Give twice as many new funds to female managers September 11, 2023 Money managers in the city are under fire for a lacklustre record on gender equality today after a new report found progress in hiring female fund chiefs has stalled. Former chair of AJ Bell, Baroness Morrissey, has today urged firms to shift female representation up the agenda after a new report found that just 12.1 [...]
Qatari’s £4bn climate tech plans shows UK’s appeal – but there’s more to do, think tank warns September 11, 2023 A £4bn Qatari splurge on UK climate tech could boost the UK’s green ambitions, but Sunak must get the policy right, a think tank has warned.
Firms must up pension payments to defuse ticking ‘time bomb’, City veteran warns September 10, 2023 A “pensions time bomb” is set to explode in the UK if firms do not ramp up their contributions to pension pots, a top investor has warned.