City A.M. Unregulated podcast: Episode four – Does The Divide mean capitalism has failed? April 26, 2016 Unlicensed and off-the-leash, this is City A.M. Unregulated. A no-holds-barred, uncensored look at the stories breaking the news and the markets across the globe. Unregulated dives straight into one of capitalism's biggest debates this week: as The Divide, the documentary looking at the story of seven people as they strive for a better life, is [...]
Something fishy: How to deal with a smelly worker April 26, 2016 I have someone in my team who makes a valuable contribution in every way – except that he comes to work smelling horribly unwashed! I’ve had complaints about it from other people in the team – and they’ve asked me if I can do something about it. This is beyond embarrassing – how can I [...]
End of tax year investor rush drives positive fund sales in March April 25, 2016 Net retail investor sales shot up to £379m last month as punters rushed into fixed income, mixed asset and targeted absolute return funds. Cautious investors backed out of equity funds, however, with an outflow of £459m, according to the the Investment Association's monthly statistics release. Investors are still nervous after worldwide share issues slumped to a seven-year [...]
Finance actually wants more regulation because of the rise of artificial intelligence fintech in the world’s markets April 25, 2016 The finance world is cautiously optimistic about the future of artificial intelligence and how it can be used, but, there is more work needed on regulating the technology when it comes to world markets. “Financial institutions have been fined billions of dollars because of illegality and compliance breaches by traders. A logical response by banks is to [...]
UK pensions: A pre-funded state pension scheme would be fairer for the young, MPs told April 25, 2016 People should pay for their own retirement, rather than funding the golden years of the generation ahead, a hearing on intergenerational fairness has been told today. Speaking in front of the Work and Pensions Committee, Philip Booth, editorial and programme director at the Institute of Economic Affairs, argued that a system whereby people saved up [...]
Taxman pockets roughly £87m from people who missed the tax return deadline April 25, 2016 Despite being warned about a £100 late filing penalty, it appears that some people still forgot to circle 31 January in their diary with red pen. According to statistics released today from the Institute of Chartered Accountants in England and Wales (ICAEW), 870,000 people missed the 31 January 2016 deadline for filing their tax return online. [...]
The surprising impact on your earnings if you have kids April 25, 2016 If you're juggling work and parenting, you might be surprised to hear that you're probably getting a nice little bonus in your pay packet compared to those who are without kids – but, only if you're a man. Working dads are taking home a 21 per cent bonus on their salary compared to men without children, [...]
Philip Kingsley talks A-list celebrities, chicken droppings and expanding internationally at 85 with Harriet Green April 25, 2016 When Philip Kingsley – founder of the eponymous hair clinics and product business – is talking about “Larry”, it takes you a moment to realise that he’s telling you about his one-time client, Laurence Olivier. It’s the same when Larry introduced him to Terence [Stamp], Jean [Shrimpton] and Maggie [Smith]. He describes Audrey Hepburn as [...]
How to change jobs – and raise your salary April 25, 2016 Do you want to be paid more? It might be time to find a new job, according to new research from the Resolution Foundation. The study reveals that it pays to move jobs more often, with earnings rising almost three times more quickly for 18 to 29 year olds who switch than they do for those [...]
Brace yourself, bosses: Leading investor reveals it shot down resolutions at almost one in five AGMs last year April 25, 2016 As companies such as Shire and AstraZeneca brace themselves for a rocky AGM season, one major asset manager has today revealed that it has been voting no for some time now. Legal & General Investment Management (LGIM), which held assets worth over £750bn at the end of 2015, has revealed that it shot down at least one resolution at [...]
