Ex-FSA head: maturing P2P industry could cause regulatory headaches October 31, 2016 Increasing complexity in the peer-to-peer lending industry will be a “flashing red light” for regulators, according to Lord Adair Turner, the former head of the now-defunct Financial Services Authority (FSA). The comments, made in an interview published today by Peer2Peer Finance News, a new industry publication, add to his warning earlier in the year that potential [...]
Fifth of workers paid less than recommended living wage October 30, 2016 A fifth (22 per cent) of workers in Britain earn less than the amount deemed to be a living wage, according to research out today. The study, carried out by Markit on behalf of KPMG, discovered that some 5.6m workers are paid less than the £8.25 per hour, or the £9.40 per hour in London, recommended by the [...]
Sir John Parker’s diversity review wants all-white FTSE 100 boards to end by 2021 October 29, 2016 2021 will be the year all-white boards at FTSE 100 firms are over. At least if Sir John Parker has his way. According to Sky News, the findings from Sir John Parker's review into diversity on boards will be unveiled in a government-backed report next week. The report will state that Britain's biggest firms should have [...]
As the clocks go back, now is the time to reboot your sleep October 29, 2016 The City is on the verge of a sleeplessness epidemic. Every week we work with top London business professionals who are permanently rundown and operating on empty due to neglecting their sleep. Whether this is because they are negotiating unmanageable workloads, their ambition, or their inability to switch off their phone (recent research by Deloitte revealed [...]
Know your benefit crystallisation event from your pension input period with our A to Z of pensions jargon October 28, 2016 National Pensions Awareness day came and went last month, with no apparent impact on people’s understanding of one of the best ways of saving for retirement. The Bank of England’s media-savvy chief economist Andy Haldane said in May that even he was unable to understand pensions because the system is so complicated. This situation is [...]
An intergenerational study reveals millennials are ridiculously optimistic about when they’ll retire October 28, 2016 Britain's 20-somethings have unrealistic expectations as to when they will retire, thinking that they will be able to down-tools much earlier than any other age group. Those aged between 20 and 30 think that they will retire halfway between their 60th and 61st birthday. Across all age groups, Britons think on average that they will retire just before their [...]
Trump and Brexit have done businesses a big favour October 28, 2016 It's hard to admit, but Donald Trump and Brexit may have done us a favour. By bringing to a juddering end nearly a decade of denial, these devastating aftershocks of the 2008 financial crash destroy any lingering illusion of a return to business as usual. In the public mind, it is business as usual and that’s [...]
Don’t rely on downsizing to make up for your insufficient pension October 27, 2016 After years of runaway house prices, few will be surprised that a sizeable proportion of the UK’s net wealth is tied up in property. The latest ONS statistics show that dwellings make up a massive 62 per cent, or £5.5 trillion, of the country’s £8.8 trillion total. So it is also unsurprising that many see [...]
This government will be more radical on savings and pensions than you think October 27, 2016 For all her bold ambitions to reshape Britain’s economy in a more interventionist direction, Theresa May is unlikely to spend as much time on domestic matters as she might like. Brexit is said to be the most fiendishly complicated task Whitehall has had to undertake since the Second World War, touching nearly every area of [...]
Bellevue Asset Management plans £200m investment trust IPO on London Stock Exchange October 27, 2016 Bellevue Asset Management has announced plans to launch a new investment trust through an initial public offering (IPO) aiming to raise £200m. The BB Healthcare Trust will be managed by Bellevue, which has around $4bn (£3.3bn) under management in the healthcare industry across numerous areas. The company is aiming to float the trust in early [...]
