KPMG boss Simon Collins won’t be seeking re-election after five year tenure December 1, 2016 KPMG's UK boss will step down in March after five years at the helm of the accountancy giant. Simon Collins told fellow partners of his plans on Thursday and is expected to put his hat in the ring to step up and lead the global network of the firm, according to reports by Sky News. Read more: [...]
Hosting the Christmas party (without the hangover) November 30, 2016 The Christmas party season is upon us again. For many, it is the highlight of the year – an opportunity to celebrate and be rewarded for a year of hard work, and to strengthen relationships with colleagues. But even if you’re not drinking, many employers find the Christmas do an annual headache, with disciplinary issues to [...]
UK universities need a bespoke Brexit deal with flexibility on freedom of movement for EU students November 30, 2016 The fate of British universities – their research, their European staff and their students – has become a major issue following the EU referendum. Under the home secretary’s proposals, they would be classed as employers with a large number of non-UK staff – 17 per cent of teaching and research posts are occupied by EU [...]
Eversheds is in discussions with US firm Sutherland about a merger November 29, 2016 Eversheds is in discussions with US law firm Sutherland about a merger. Partners at the two firms will vote on the merger proposal within the next few weeks, and it is thought the deal will be finalised by the end of the year. Read more: Eversheds promotes Murphy to chairman as David Gray retires [...]
Regulators promise “once in a generation” changes to payment systems, bringing Britain’s banking into the 21st century November 29, 2016 The way businesses and consumers pay their bills is scheduled for the largest shake-up in decades under plans proposed by regulators. Three of the main retail payment systems – Bacs, Cheques and Credit Clearing Company and Faster Payments Service – are to be binned and replaced with what authorities hope is a clearer and more [...]
Chancellor backs management consultants, as a quarter of industry gets ball rolling on Brexit plans November 29, 2016 Chancellor Philip Hammond has given his blessing to the country's management consultants, after a recent survey showed over a quarter were kicking off contingency plans for Brexit. In a letter from the chancellor to the Management Consultancies Association (MCA) and seen exclusively by City A.M., Hammond calls the industry a "vital part of the economy, [...]
Chairman of the Bar takes aim at Snooper’s Charter November 28, 2016 The chairman of the Bar has taken aim at the government's new surveillance legislation, which has also been branded the Snooper's Charter. In a lecture this evening, Chantal-Aimée Doerries QC will say that the Investigatory Powers Bill threatens to compromise the privacy of communications between legal advisers and their clients, also known as legal professional privilege. Read [...]
Sports Direct accounts probe announced by watchdog November 28, 2016 The accountancy watchdog has today launched an investigation into Sports Direct, probing into claims surrounding the relationship between the retailer and a firm run by chief exec and founder Mike Ashley's brother. In particular, the Financial Reporting Council (FRC) is taking a closer look at the accounts for the 52 weeks to 24 April and whether [...]
Wife of jailed Libor trader vows they will move on with their lives after his request for appeal is rejected November 27, 2016 The wife of an ex-Barclays trader jailed for Libor-rigging offences has promised they will move forward with their lives after his request to appeal was turned down. Alex Pabon, along with fellow former Barclays bankers Jay Merchant and Jonathan Mathew, was found guilty of conspiracy to defraud in July. City A.M. revealed in August the trio had applied to appeal their [...]
Compare the (annuity) market: Financial watchdog wants customers to be offered more choice November 25, 2016 The UK's financial watchdog will force annuity providers to tell customers to shop around after it found that 80 per cent of customers would get a better dealing by doing so. The Financial Conduct Authority (FCA) today revealed its own Black Friday push with plans for an "annuity comparator" to help people find out if there [...]