Peter Hargreaves sells £500m worth of shares February 6, 2020 Co-founder of Hargreaves Lansdown, Peter Hargreaves, has announced he will sell £500m worth of shares in the investment platform via an accelerated bookbuild offering. The purpose of the offering is to enable Hargreaves to diversify his assets. “I have decided to sell some of my shares in Hargreaves Lansdown. This is part of a process [...]
FTSE boards must turn intent into action when it comes to ethnic diversity February 6, 2020 “One by 21” was a target that seemed realistic in 2017. However, three years on and it is less clear whether the ambition of having one ethnic minority director on each FTSE 100 board by next year is achievable. It is impossible to deny that there has been movement in the last few years. Since [...]
The clock is ticking: Why it’s time to address IR35 February 5, 2020 There has been a lot of noise around IR35, the updated government intermediaries legislation. Generally, it seems to be leaving a bad taste in people’s mouths. And that’s the trouble with some taxation changes: their interpretation and intent can be tarnished with a negative brush. Instead of fuelling the current conversation, is it time to [...]
Pension savers can boost their retirement pots and help businesses to grow by investing in venture capital February 5, 2020 The world is getting richer. Every day, we find ways to do things more efficiently — and when we do, those benefits diffuse across the country and throughout the world. But this diffusion isn’t always noticeable, evenly spread, or quick enough for many. For the economic system to maintain legitimacy, people need to believe that [...]
You’re never too old to start a business: Why we need to harness senior enterprise February 5, 2020 With a rapidly-ageing demographic across Europe, it is time to re-evaluate not only our own attitudes towards older people, but also the value of senior enterprise and their contribution to society. By 2020, the over-50s in the UK will make up nearly one third of the working-age population, and almost half of the adult population. [...]
The big freeze: Investors feel the chill in M&G’s frozen property fund February 4, 2020 December and January have been cold dark months, especially for investors whose money has been frozen in M&G’s £2.5bn property fund since the beginning of winter. The asset management company felt compelled to suspend trading on its Property Portfolio fund on 4 December, due to the high volume of withdrawals by investors in the preceding [...]
Demystifying corporate social responsibility: It’s not just about ‘do-gooders’ February 4, 2020 When Nationwide Building Society asked us to maximise the impact of its corporate social responsibility (CSR) function, we were very excited. Nationwide already had a deeply embedded sense of social responsibility. The brand was born out of a social purpose, and since 2007 it has been committed to investing at least one percent of its [...]
Record number of tax returns filed online, says HMRC February 3, 2020 A record number of people filed their tax returns online for 2018/19, the government has said. HMRC said 10.4m self-assessment tax returns were filed online, out of a total of 11.1m received by the deadline of 11:59pm on 31 January. But almost 1m people missed the deadline, which can incur an initial fine of £100. [...]
Investment giant Legal & General to vote against combined chair and chief executive roles February 3, 2020 Legal & General’s investment arm will vote against combined chief executive and board chairman roles globally, taking on business giants including Facebook’s Mark Zuckerberg and Blackrock’s Larry Fink. Legal & General Investment Management (LGIM), one of the largest investment companies in the world with over £1 trillion under management, announced the change as part of [...]
Credit card firms must cut fees for those in persistent debt, says watchdog February 3, 2020 Credit card providers must cut or stop fees for those who are caught in a cycle of persistent debt, the financial watchdog has said. In a letter to the chief executives of credit card firms this morning, the Financial Conduct Authority said lenders must come up with a repayment plan for customers who have been [...]
