Pension schemes urged to be transparent about whether they’re making ‘socially responsible’ investments September 11, 2018 Savers will be able to easily check whether their pension is being invested in ethical or environmentally friendly investments in new measures outlined by the government today. Regulations expected to be brought in this week will require trustees of schemes to disclose where people's savings are going. Pension scheme members will be able to see [...]
Proper corporate governance rules would save the UK from a crisis like Theranos September 11, 2018 The spectacular downfall of Theranos, the US healthtech company, makes a terrific story: a disrupter startup run by a university drop-out, who modelled her persona on Steve Jobs (right down to her black turtleneck sweaters), and became a virtual messiah figure for many in Silicon Valley. For those who aren’t familiar, Theranos promised cheap, accessible, pain-free [...]
Tech chiefs might build robots, but they need to act like humans and come back down to earth September 11, 2018 A decade ago, it would have been highly unlikely that the average Joe could name a single chief executive at any of the world’s largest tech companies. Bill Gates and Steve Jobs aside, this unique set of individuals has historically operated in the shadows. But today, like it or not, technology is deeply ingrained in our [...]
City Moves for 11 September 2018 – who’s switching jobs at Deloitte, RBC GAM and Dechert? September 11, 2018 Today's City Moves cover tax, asset management and legal eagles. Take a look at these movers and shakers: Deloitte Deloitte has appointed Willo Renehan as a tax partner to its private markets team. Willo will be based in London, specialising in private businesses and focusing on building relationships with large privately held groups and FTSE [...]
Commute, coffee, after-work drinks: Londoners spend the most money on work-related expenses September 10, 2018 How much did you spend on your lunch today? What about after-work drinks? And getting home? If you’re making daily trips to a trendy new sandwich bar every lunchtime, it might be time to rethink your spending: according to new data, Londoners have the priciest work-related outgoings in the UK. While the average Brit spends [...]
That’s a wrap! Tortilla’s boss, Richard Morris, talks about the business of burritos September 10, 2018 London's food scene attracts all sorts. Whatever you desire, it’s not hard to find someone who’s cooking it, fusing it with other cuisines, or serving it alongside an artisanal craft beer. From pop-ups and market stalls, to Michelin-star restaurants, the capital is a hotbed of culinary creation. One such company is Mexican-food-maker Tortilla. 2018 marks [...]
Use the spoken word as a route to profit September 10, 2018 "Why do poor people make such poor decisions?” That was how historian and economist, Rutger Bregman opened his TED talk before arguing the case for a universal basic income as a solution to end poverty. And my god, it was refreshing. Audiences have become numb to entrepreneurs using conferences to pitch their businesses or (worse [...]
Debate: Given concerns that pension transfers are too generous, should people be allowed to cash out of defined benefit schemes? September 10, 2018 Given concerns that pension transfers are too generous, should people be allowed to cash out of defined benefit schemes? Yes – Steve Webb is director of policy at Royal London For most people who have built up valuable pension rights in a salary-related pension scheme, leaving their rights in the scheme will be the best [...]
One in five FTSE 350 firms still aren’t transparent about their pension deficit September 10, 2018 One in five of the UK's 350 biggest firms are still are not disclosing the funding position or surplus of their defined benefit (DB) pension scheme. Though that represents a major drop from 2016, when the figure was over two-thirds (67 per cent), the figures from Lincoln Pensions highlight the continuing issue with transparency around [...]
Family-owned businesses ‘outperform’ peers in all sectors September 10, 2018 Family-owned businesses outperform their peers across all regions and sectors, and deliver stronger revenue growth and higher profitability, according to new data published today. A longer-term outlook, less of a reliance on external funding and investing more in research and development are all contributing factors to the success of family or founder-owned firms. Read more: [...]
