London investment fund Fuel Ventures raises £20m for expansion into Middle East and China October 2, 2018 London early stage venture capital firm Fuel Ventures has raised £20m in its third fund since 2014. The fund plans to invest in one company a month going forward as the firm expands into China, Europe and the Middle East. Read more: Planet Organic prepares for expansion drive after fund takeover Fuel Ventures' portfolio of companies, which [...]
A third of non-investors say they would consider ethical investment funds October 2, 2018 A third of non-investors would consider putting their money into ethical funds, according to a new survey. More than half of Brits said they prefer to use ethical financial products and 64 per cent of those said they were prepared to pay extra for socially conscious services, research by online investment service Wealthify said. Read more: UBS launches [...]
New rules to improve standards of master trust pensions forces 30 schemes out of market October 1, 2018 New rules which have come into force today aimed at improving standards with master trust pensions have led to 30 schemes leaving the market. From today, master trusts, schemes which bring pensions held by multiple employers under the same board of trustees, will need authorisation from The Pensions Regulator (TPR) to ensure they meet new standards [...]
Prudential appoints Just Eat chair ahead of demerger October 1, 2018 The UK's largest listed insurer Prudential has hired Just Eat chairman Mike Evans ahead of the demerger of its life insurance and asset management unit, M&G Prudential. Evans brings more than 36 years of experience in the savings and investments sector to the role, having previously worked as chairman of stockbroker and financial services firm Hargreaves Lansdown and chief executive of Skandia. He will [...]
Rothesay Life buys £860m of UK ‘bad bank’ mortgage loans September 27, 2018 Insurance giant Rothesay Life has bought an £860m equity release portfolio from the UK government's "bad bank", which was set up following the financial crisis. The portfolio was sold by UK Asset Resolution (Ukar), a holding company for the closed mortgage books of failed lenders Northern Rock, Bradford & Bingley and Mortgage Express. Read more: [...]
Live for today, but plan for your future retirement – are you saving enough, and looking after your health? September 26, 2018 UK life expectancy has failed to improve for the first time since 1982, according to figures from the ONS released yesterday. However, life expectancy remains relatively high for both women and men, at 82.9 years and 79.2 years respectively. But how can we ensure that our later years will be happy, healthy and, ultimately, [...]
Gam investment director investigation sparked by whistleblower September 25, 2018 An investigation into former Gam Investments director Tim Haywood was sparked by concerns raised by a whistleblower. The Zurich-headquartered asset management firm launched an internal probe into Haywood's conduct in November last year, however the whistleblower went on to contact the Financial Conduct Authority four months later. Read more: Gam shares slide after Credit Suisse slash price target Haywood, [...]
Help Investors Cut to the Best Ventures September 25, 2018 In the ever-growing blockchain innovation space, there is a lot of noise that ICOs and other new ventures need to cut through, to get noticed by investors and users. This is mission critical. Even the best, most innovative, most promising, have to contend with a marketplace where the waters have been muddied by propaganda, some [...]
Tokenization: It isn’t New…but it is the Future September 25, 2018 As the Crypto winter maintains its steady grip on token prices and the ICO craze of 2017 has all but subsided, for now at least, many are wondering what to make of all these tokens that now float around in cyber space? In this article we look at the emergence of all these tokens in [...]
Mercer slams competition watchdog for data errors in pension fund industry investigation September 25, 2018 A leading player in the pension fund industry has slammed the competition watchdog for using inaccurate data in its probe into the sector. The Competition and Markets Authority (CMA) report released in July found that there was a lack of competition in the investment consultancy which could cause "material customer detriment". The UK chief [...]