Are you part of a failed final salary pension scheme? Your income could be about to rise October 17, 2016 Pensioners involved in failed final salary schemes will receive a boost in their incomes from next year, the government has said. The Pension Protection Fund safeguards final salary schemes if employers fail and they cannot provide the money to employees they were promised. But anyone who is an early retiree, or who is not yet retired [...]
Debrett’s Ask the Expert: How can I get over my fear of networking? October 17, 2016 Q: My role calls for client entertainment – usually dinners with existing clients – but I find I’m more frequently asked to attend networking events on behalf of the firm for new client acquisition. I’m fine speaking to people I know, but these “mix-and-mingle” events make me feel awkward and overly salesy. What can I [...]
Young women are much more likely to be insolvent than young men October 17, 2016 Higher expenses are contributing to a far higher insolvency rate among young women than young men. According to accountancy firm Moore Stephens, women accounted for 65 per cent of personal insolvencies among the under-25s in the last year and 53 per cent of those among 25-34 year-olds. Read more: What does a gender pay gap [...]
Meet the founder of Happn – the dating app putting love on the map October 17, 2016 Nearly one in 10 Londoners use dating app Happn. A colleague who’s more in the know than I am tells me it’s “recently become enormous on Instagram” – users can upload pictures direct from one to the other, with 30 of your most recent appearing automatically on your Happn profile. And once you’ve liked someone, [...]
Misys cuts float value as Brexit volatility bites October 16, 2016 Financial technology company Misys has been forced to cut the value of its pending market flotation due to Brexit-induced market volatility. The company is the latest in a string of firms that has had to dial back or call off plans to list as a result of the UK’s shock vote to quit the European Union [...]
Power 100: KPMG’s Michelle Quest – “Be your best self and let others be themselves” October 14, 2016 Michelle Quest is the UK head of tax, pensions and legal services at KPMG. In the latest in our series of interviews with Power 100 winners, she gives her take on impostor syndrome, unconscious bias and feminism. Power 100: These are London's 100 most powerful women Are you doing what you always imagined you'd be doing? [...]
Electra Private Equity shares up as it announces investment shake-up plans October 14, 2016 Electra Private Equity's share price jumped two per cent this morning after it announced plans for a company shake-up. Under the scheme, the private equity firm will move from having a listed investment trust to a "corporate" structure from next year. It also plans to launch a £200m return of capital to investors in the fourth quarter [...]
Wake up, policy-makers: The fintech paradigm shift could change everything October 13, 2016 Nowhere within the financial firmament does enthusiasm abound more right now than in the arena of fintech. Just as it has disrupted and revolutionised our social interactions and shopping habits, the internet is breeding new ways to cut the cost of transacting and pair those with capital with those seeking it. Peer-to-peer lending and crowdfunding [...]
Higher taxes and more debt are the only alternatives to real state pension reform October 13, 2016 Engineering an exit from the European Union will be the most significant administrative challenge faced by Whitehall since the Second World War. But ministers must resist the temptation to put the public service reform agenda on the backburner. The economic uncertainty created by June’s referendum means that driving efficiency is now more important than ever. [...]
This UK startup using AI for compliance just raised millions October 13, 2016 A UK tech startup which uses artificial intelligence to ensure compliance rules are followed by financial firms has raised millions of pounds from top investors. ComplyAdvantage has raised $8.2m (£6.7m) in a series A round of funding led by Balderton Capital to fuel expansion into the lucrative US market. The regulatory tech firm, or regtech (an offshoot of [...]
