Reeves under pressure to shift the dial on pension investment July 10, 2024 Rachel Reeves and Labour will be tasked with driving through the so-called Mansion House compact and unlocking pension cash.
Labour pledges to ’embrace’ fintech in bid to deliver £330bn boost July 10, 2024 Rachel Reeves' Treasury has pledged to "embrace" the fintech sector today after a trade body said the industry could bolster the government's coffers to the tune of £330bn over the next five years.
‘Bag ready’ private equity execs more worried about Reeves’ carry policy than Corbyn July 9, 2024 Private equity execs are "bag ready" to leave the UK to avoid Labour's carried interest policy, with some City lawyers giving more legal advice than then when Corbyn was leader, leading industry figures and advisers have said.
Sir Nicholas Lyons to host secret pension summit in push to unlock £75bn investment July 9, 2024 Some of Britain’s biggest pension firms are set for a secret summit in the Square Mile this week to discuss how to pump billions of pounds of retirement cash into the country’s start-ups, City A.M. can reveal.
Fortress Capital is a Ponzi scheme, administrators claim amid attempt to bankrupt directors July 8, 2024 Administrators of an investment firm that had been backed by celebrities and footballers have labelled it a Ponzi scheme, and will seek to bankrupt its two directors.
Investment trust industry urges Labour to win ‘early success’ on cost disclosure rules July 8, 2024 The investment trust sector has called for the incoming Labour government to scrap "misleading" cost disclosure rules on the sector that it says are hampering its performance.
Signs of life appear for the London Stock Exchange as activity ‘gathering momentum’ July 3, 2024 Having been in the doldrums for several years, sentiment on the London markets is starting to look up.
Baillie Gifford-run trust ditches £20m Rio Tinto stake over ESG concerns July 3, 2024 An investment trust run by Scottish asset manager Baillie Gifford has ditched its £20m stake in Rio Tinto, calling out the mining giant for inadequate ESG practices.
Labour candidate’s collapsed FX firm set to leave customers £13m out of pocket July 3, 2024 Customers of the collapsed payments firm owned by Labour candidate Rajesh Agrawal are set to recover as little as ten per cent of the £15m they lost when it folded into administration last year, administrators have revealed.
Sajid Javid set to join $42bn investment firm Centricus July 2, 2024 Sajid Javid is set to join asset management and private equity giant Centricus as a partner next week as he exits parliament after the election, the company has announced.