Thomas Cook pension funds in talks over buyout deal September 27, 2019 Thomas Cook’s pension funds are in talks with insurers to mitigate cuts to payments for the employees of the collapsed travel firm. Chair of trustees Steve Southern has launched discussions with several parties about a buyout deal to prevent pension scheme members losing out on payments, Sky News reported. Read more: 40 per cent of [...]
The Rugby World Cup has lessons for business September 27, 2019 After being dumped out of the 2015 Rugby World Cup early, England will be hoping to improve on their performance this time round in Japan. So far, the team has beaten both Tonga and the USA. It’s been a long wait for redemption – four years in the making – and, as well as their [...]
Align directors’ pensions with workforce or risk shareholder dissent, companies told September 27, 2019 Companies that do not produce credible plans to pay executive directors the same pension contributions as their workforce by the end of 2022 risk further shareholder dissent over the issue, a new report by the Investment Association (IA) has warned. The IA said it would begin giving firms that breach its guidelines on directors’ pensions [...]
Rothesay Life and Telent agree UK’s biggest ever pension transfer deal September 26, 2019 Insurer Rothesay Life and telecoms firm Telent have agreed a £4.7bn pension transfer deal – the largest ever made in the UK – covering the pensions of 39,000 people. Companies are increasingly keen to offload pension liabilities to insurers, in deals known as buy-ins and buy-outs. The mammoth Rothesay deal smashed the record set in [...]
Shore Capital shares slide on news of proposed AIM cancellation September 26, 2019 Shares in investment group Shore Capital have tumbled over 28 per cent this morning following the news that the company would seek to remove its shares from AIM, as the company reported a significant drop in pre-tax profit. In a statement issued to the stock exchange this morning, Shore said it would seek shareholder approval [...]
Wealth manager Moneyfarm raises £36m in funding round led by Poste Italiane September 26, 2019 Digital wealth manager Moneyfarm has raised £36m in a series C funding round led by Poste Italiane, and has launched a strategic partnership with the Italian postal and financial services firm. The partnership will integrate Moneyfarm’s services with Poste Italiane’s digital platform. The Italian company currently manages over €514 billion across its financial and insurance [...]
Woodford Patient Capital shares slide following fresh writedown September 26, 2019 Shares in embattled stock-picker Neil Woodford’s listed fund have dropped this morning following the news that the valuation of its assets have been lowered. The valuation of three Woodford Patient Capital Trust (WPCT) holdings have been reduced by Link – the firm responsible for independently valuing the portfolio – the firm said in an update [...]
Mind the gap: The daily commute is exacerbating inequality September 26, 2019 Now that summer is over and that holiday feeling has worn off, millions of UK employees are back to the grind of the daily commute. For many of us, it is the least inspiring part of the day, and most organisations do not give a second thought to how their employees make it to their [...]
Ecommerce needs a new approach to fraud prevention September 26, 2019 In 2018, global ecommerce sales reached £2.27 trillion – a staggering number, and an 18 per cent increase over 2017. That growth will continue, as ecommerce reaches new markets and consumers become more comfortable with shopping online. It’s a huge opportunity for retailers, but there’s a risk that threatens to hold it back – fraud. Ecommerce purchases [...]
London retains crown as best European city for real estate investment September 25, 2019 London has been ranked as the best European city for long-term commercial real estate investment potential for the third year running, helped by the strength of its tech sector. London was ranked first across five of six categories – inspiration, innovation, interconnection, infrastructure and investment – and was ranked second for the final category, inclusion. [...]
