Three become one: Experts welcome government’s pension advice simplification plans December 19, 2016 The government has revealed plans to overhaul its financial advice services, consolidating three bodies down into one. Under proposals released by the department for work and pensions, the Money Advice Service, the Pension Advice Service and Pension Wise will be replaced with a yet-to-be-named single new body. "This new single body will be a place people can [...]
What next for the FTSE 100? December 19, 2016 | City Talk The FTSE 100 largely brushed aside concerns over Brexit and the US election in 2016 to hit its highest ever level of 7,129.83. However, the index has struggled to maintain its momentum and push on from that record high reached in October. Here we take a look at why the index remains near record highs [...]
What next for the FTSE 100? December 19, 2016 | City Talk The FTSE 100 largely brushed aside concerns over Brexit and the US election in 2016 to hit its highest ever level of 7,129.83. However, the index has struggled to maintain its momentum and push on from that record high reached in October. Here we take a look at why the index remains near record [...]
Record levels of IT investment in 2017? You can bank on it, says report December 19, 2016 The banking sector will up its IT spend to an all-time high in 2017 as the gap between tech-savvy and Luddite lenders widens, according to a report released today. Embracing data and open banking are top priorities for banks the report by consultants Temenos and Capgemini revealed. The focus on technology comes a week after it was [...]
City Moves for 19 December 2016 | Who’s switching jobs December 19, 2016 Fitch Fitch has appointed Sean Costello as head of its EMEA corporates banker team. Sean joins from Commerzbank where he was head of loan capital markets within their leveraged finance group. Sean joined Commerzbank in August 2005 from the leveraged loan distribution team at Bank of Scotland and prior to that, NIBC Bank and NatWest Capital Markets. With [...]
Habito founder Daniel Hegarty talks fintech mortgages, bigamy and working above a kebab shop December 19, 2016 Many people have a career change. Before venturing into fintech, Daniel Hegarty, founder of digital mortgage broker Habito, was a professional musician, composing for TV and film and touring internationally. In 2007, he joined a few people trying to work out how to do loans on the internet in real time, in a pre-launch company [...]
The Apprentice can teach firms a lot about recruitment December 19, 2016 Making the right hiring decisions is more important than ever before. With managers admitting that one in five new hires was a “bad” decision or one they regret, any source of inspiration to improve the process should be thoroughly explored, even if that happens to be a reality TV show. With last night’s final bringing [...]
Payments regulator sets out vision for industry-wide approach to protect consumers December 16, 2016 Financial regulators have promised to stamp out payment scams which have cost Britons hundreds of millions of pounds. The Payment Systems Regulator (PSR), a special branch of the Financial Conduct Authority that focuses on banking payments, said today the financial services sector needs to do more to protect consumers. "In a short space of time [...]
City Moves for 16 December 2016 | Who’s switching jobs December 16, 2016 World Trade Board Vince Cable, the former business secretary, has joined the World Trade Board as a strategic adviser. He will advise on the board’s collaborative initiatives to widen debate and foster a more inclusive future around sustainable international trade, as well as supporting the World Trade Symposium in 2017. Cable was the Liberal Democrat Member [...]
Britain is still the best place to found a business in Europe – but entrepreneurs are nervous about Brexit December 16, 2016 The extraordinary growth in the number of companies founded in the UK since the financial crisis has been one of the standout economic success stories of the past decade. In a world of increasing competition for “enterprise hub” status, the UK is now one of the top global magnets for entrepreneurs. This is a hard [...]
