UK pensions deficits: FTSE 100 firms fear pension pain as workers retire September 6, 2015 Pension schemes represent a “material risk” for many of the largest companies in the FTSE 100, new research shows. Six firms, including BAE Systems, British Airways-owner International Airlines Group, RSA and Royal Bank of Scotland, all have total disclosed pension liabilities almost double their equity market value, so says JLT Employee Benefits’ quarterly report [...]
The Baubax travel jacket just became the most funded piece of clothing on Kickstarter ever September 4, 2015 Crowded, uncomfortable and full of strangers you have to make awkward eye contact with – and when it’s not uncomfortably hot it’s bitingly cold. Yep, the daily commute is full of discomforts. And let’s not even talk about air travel… It’s no surprise, then, that the internet has welcomed the Baubax jacket Kickstarter campaign with [...]
How to upskill yourself: New trends like P2P learning make personal development far easier September 4, 2015 It's September. Fresh-faced graduates are buying their first suits, working out their daily commute and learning how to use the coffee machine. Insecurities start to set in: what do they have that you don’t? Will they get one comprehensive training session after the other while you’re stuck in the same daily routine? Or [...]
UK governemt and Bank of England are investing in a secret stash of fine art treasures worth billions September 4, 2015 While Brits have been tightening their purse strings since the credit crunch, an investigation by the TaxPayers’ Alliance has found that the government is putting those savings to good use – investing vast amounts of money in paintings and sculptures closed off to the public. The government currently owns £3.5bn in historic art, but according [...]
IPPR: Investing in the North of England could lead to Victorian-style growth – but without it, it will be “condemned to mediocrity” September 3, 2015 The economy of the North of England could grow at a scale "not seen since the Victorian era of municipal development", a new report has suggested – but without the investment it needs, the region will be "condemned to mediocrity". The report, by the Institute for Public Policy Research (IPPR) North, showed the "massive potential" [...]
P2P investment: Taking on the banks September 3, 2015 Harriet Green talks to GLI Finance’s Louise Beaumont on how alternative finance is changing the landscape of fundraising for SMEs – and options for retail investors THERE is a sector of alternative finance which too often slips under the radar: the investment firms that put money onto crowdfunding and peer-to-peer platforms which then lend that [...]
Pensioners shun Lamborghini lifestyle as savers opt for sound investments September 3, 2015 Fears that savers would blow their pension pots after new freedoms were introduced have failed to materialise, according to new figures that show Brits opting for sounder investments. Savers took £2.5bn out of their pensions, about £27m a day, during three months following new rules that came into place in April. Yet, during the [...]
Fossil Fuel divestment: The feel-good climate change policy that would undermine public pension funds September 2, 2015 Most would agree that climate change could pose a threat to the economy. However, measures to combat it will ultimately prove counter-productive if they conflict with the interests of the taxpayer. Forcing government to pursue losses from taxpayer-funded investments in the name of environmentalism, for example, would be an obvious misuse of public [...]
UK is investing more in India than any other G20 country September 2, 2015 BRITAIN is investing more in India than any other country in the G20, according to a new report out today from the Confederation of British Industry (CBI). The CBI, with PwC and the UK India Business Council, found that in the past five years, the UK had invested $22.2bn (£14.5bn) in India, making up nine per cent [...]
Paypal’s new peer-to-peer payment service Paypal.me makes it even easier to send people money with just a link September 1, 2015 With just a tap of your phone – or even your watch – it’s never been easier to pay people back. Now Paypal wants to make it even easier, with a personalised URL. This could be a good thing in the age of an ever-growing “sharing economy”. Asking friends for money back after footing a [...]