Stay calm: The Sword of Damocles is not hanging over Britain’s fintech sector post-Brexit November 18, 2016 In times of uncertainty, it helps to stay calm and focused on the job at hand. At Innovate Finance, we see ourselves as the rational voice of the UK global fintech community. A big part of our job is promoting our members and fintech – not in a cheerleading capacity, but through rational analysis and [...]
Four ways the City watchdog wants to make fund managers better for investors November 18, 2016 The City watchdog has this morning put forward plans for a shake-up of the £7 trillion asset management industry to ensure investors get a better deal. The Financial Conduct Authority (FCA), publishing the interim findings of its market study, found weak price competition in some areas, a lack of transparency, potential conflicts of interest and sustained profitability [...]
You’ll get the biggest payrises if you pursue these 10 careers (spoiler: banking isn’t one of them) November 18, 2016 Fancy a payrise? It might be time to change careers – because new figures have identified the 10 jobs where people get the biggest salary increases as they progress up the ladder. And despite its high-paying reputation, banking isn't one of them… According to the list, those working in retail can expect the biggest payrises [...]
London’s still the number one city in Europe for digital startups November 18, 2016 Nobody is taking London’s crown as the best city in Europe for digital entrepreneurs. Not yet anyway. For the second year in a row, it has been crowned the best EU city for digital entrepreneurs. According to innovation foundation Nesta and the European Digital Forum’s European Digital City Index, the capital is still the best city [...]
Pension Insurance Corporation will launch a £250m corporate bond to fund a raft of new business November 17, 2016 A wave of Britain's largest firms are planning to offload huge pension liabilities to a key market player. The Pension Insurance Corporation (PIC), a company that specialises in taking pension headaches away from businesses, will today launch a £250m investment bond to fund a bottleneck of deals in late 2016 and early 2017. Sources close to the [...]
The six questions every co-founder should ask November 17, 2016 Some of the most successful businesses are the product of positive partnerships. But before you begin to think about investing time and money into a new venture with someone else, it’s crucial to clarify your own position as a co-founder. After all, being business partners is a lot like being married: you have legal and [...]
Global fintech venture capital soars to $15.2bn as UK market swings back into action post-Brexit vote November 16, 2016 Global fintech venture capital soared in the first three quarters of the year, as the UK market perks up again post-Brexit vote. Worldwide VC investment in the first three quarters of the year was up by 27 per cent year-on-year, with 839 deals completed in the first nine months of the year, with a combined [...]
The Financial Conduct Authority puts communication “front and centre” as part of proposals for Lifetime Isa sales November 16, 2016 Britain's financial watchdog has set out its expectations on the rules of engagement for next year's launch of the Lifetime Isa. The Financial Conduct Authority (FCA) today issued a consultation paper that proposed financial advisers must warn investors of the key penalties and opportunity costs of using the savings wrapper. Read more: Property or pensions? Why not both? [...]
LV quits the annuity market: experts say it was inevitable November 16, 2016 LV is the next big insurance name to flee the enhanced annuity market with immediate effect. With annuity rates plummeting as the lower-for-longer interest rate environment persists, the announcement follows the earlier news that the insurer was reviewing its annuity operations. Read more: Binning the government's annuity initiative: Here's what the experts think “The writing was on the wall," [...]
The government’s decision to cancel a retail offering of Lloyds shares is an outrage November 16, 2016 Lloyds Banking Group will bring up mixed emotions for the British public. On the one hand, it still represents a symbol of the financial crisis, and the subsequent pain and aftershocks that brought for Britain. On the other, it is a household name, present on our high streets and safely nestled on the FTSE 100. [...]
