Former Pension Protection Fund chair Lawrence Churchill joins newly formed Clara Pensions September 17, 2018 Former chairman of the Pension Protection Fund (PPF) Lawrence Churchill was today appointed as the inaugural chairman of emerging consolidator firm Clara Pensions. The industry figure will bring 40 years experience to the role at the company, which consolidates company's historic defined benefit (DB) pension schemes. Clara says it acts as a "bridge" for members [...]
Former Pension Protection Fund chair Lawrence Churchill joins newly formed Clara Pensions September 17, 2018 Former chairman of the Pension Protection Fund (PPF) Lawrence Churchill was today appointed as the inaugural chairman of emerging consolidator firm Clara Pensions. The industry figure will bring 40 years experience to the role at the company, which consolidates company's historic defined benefit (DB) pension schemes. Clara says it acts as a "bridge" for members [...]
Greene King strikes £50m deal with Scottish Widows to cover pension liabilities September 17, 2018 Pub chain Greene King today announced it had struck a £50m deal with Scottish Widows to cover some of its pension liabilities. The company's first so called bulk annuity transfer will see Scottish Widows cover Greene King's responsibilities to pensioners in its final salary Spirit Pension Scheme. There may also be future moves to secure further annuities in [...]
Greene King strikes £50m deal with Scottish Widows to cover pension liabilities September 17, 2018 Pub chain Greene King today announced it had struck a £50m deal with Scottish Widows to cover some of its pension liabilities. The company's first so called bulk annuity transfer will see Scottish Widows cover Greene King's responsibilities to pensioners in its final salary Spirit Pension Scheme. There may also be future moves to secure further annuities in [...]
Every man’s office is his castle: Chris Morling tells us about the time his business unintentionally spread fake news September 17, 2018 What kind of boss decides to buy a castle and use it as an office? Apparently, a boss like Money.co.uk founder Chris Morling. While some might presume that purchasing a castle is merely a grandiose way of making a statement, Morling is far from a show-off. In truth, the idea started out as a [...]
Every man’s office is his castle: Chris Morling tells us about the time his business unintentionally spread fake news September 17, 2018 What kind of boss decides to buy a castle and use it as an office? Apparently, a boss like Money.co.uk founder Chris Morling. While some might presume that purchasing a castle is merely a grandiose way of making a statement, Morling is far from a show-off. In truth, the idea started out as a [...]
10 years on from Lehman’s collapse: seven charts to consider September 14, 2018 | City Talk Ten years ago, US investment bank Lehman Brothers filed for bankruptcy, marking the most symbolic moment of the global financial crisis. It remains the largest bankruptcy filing in US history. The demise of Lehman on 15 September 2008 was just the tip of the iceberg. Little did we know but at the time the whole [...]
What might trigger the next global financial crisis? September 14, 2018 | City Talk Ten years on from the collapse of Lehman Brothers and the deepening of the global financial crisis, the world seems to be a safer place. Over the past decade there have been significant shifts in the world economy such that the imbalances that could lead to a crisis are less. The risks haven’t entirely gone [...]
The illusion of control in an uncertain world September 13, 2018 | City Talk Anil Gaba, professor of decision sciences and the Orpar chaired professor of risk management at Insead, explains how risk and uncertainty are not the same and how control can be gained by paradoxically giving up control. Professor Gaba offers a fascinating insight into luck, chance, control, the illusion of control, and decision making. For example, [...]
The illusion of control in an uncertain world September 13, 2018 | City Talk Anil Gaba, professor of decision sciences and the Orpar chaired professor of risk management at Insead, explains how risk and uncertainty are not the same and how control can be gained by paradoxically giving up control. Professor Gaba offers a fascinating insight into luck, chance, control, the illusion of control, and decision making. For example, [...]