You’re probably earning more if you studied these subjects April 13, 2016 When it comes to studying at university, some degrees will give you a greater pay off than others in your career. Ten years after graduating, it's medicine, unsurprisingly, where people earn the most. But, close behind, it's the economics grads bringing home the bacon. Doctors and other medical related workers took home on average £55,300 for men, and £45,400 [...]
Fintech collaborators gain ground on disrupters as global investment rockets by 67 per cent in first quarter of 2016 April 13, 2016 It pays to be kind in fintech. Or, at least, it shows how mature you are. A new report has suggested collaborative fintech ventures, which target financial institutions as customers, are gaining ground on disrupters, which aim to compete with them. Globally, collaborative ventures accounted for 38 per cent of all fintech investment in 2010. In [...]
How to turn a profit from working for free April 13, 2016 Earlier in my career, I read somewhere that the best way to market your business is to do some free work. This advice has served me well ever since, as offering free work to potential clients has proved to be the fastest and most effective way of convincing them to hire me. Except when free [...]
Brits are sleep-walking into an inheritance tax nightmare April 13, 2016 If you've been fortunate enough to accumulate significant wealth during your lifetime, then you still face one major headache: you can’t take it with you. Yes, estate planning is in the headlines once again, with the news that David Cameron’s parents wanted to pass on more of their wealth to him, rather than leave it to [...]
Parental income has an effect on what you earn when you graduate, new research reveals April 13, 2016 Everyone knows that what and where you study has an impact on earnings – but now it’s been confirmed that your parents’ income has an effect as well. Graduates from richer family backgrounds earn significantly more than their poorer counterparts, even after completing the same degrees at the same universities, according to new research from [...]
Executive pay: BP pay gusher reignites shareholder rows, but new research shows that average pay growth for chief executives has slowed down to below national average April 13, 2016 BP shareholders will vote on a near $20m pay package for the oil major's chief executive tomorrow, reigniting the row over boardoom pay despite greater restraint being shown by many FTSE companies. The pay deal, if approved, would see BP chief executive Bob Dudley take home $19.6m (£13.8m) – a hefty 19.7 per cent pay [...]
UK pensions crisis: Low interest rates are forcing people to head back to the drawing board on their retirement plans April 13, 2016 Low interest rates have not only taken their toll on general savings, they have also hampered many people's retirement plans, research out today has found. According to the survey by Canada Life Group Insurance, almost a quarter (23 per cent) of employees have been forced to rethink their retirement plans because of low interest rates, including eight [...]
Blockchain: The president of the San Francisco Fed tells City A.M. why he’s excited about the distributed ledger technology April 12, 2016 RSCoin is the bitcoin alternative the Bank of England proposed to launch last month. Having its own digital currency would give the central bank a faster payments system, and more of an idea of what’s happening when and where within that system. Speaking to the president of the San Francisco Fed, John C Williams, at [...]
Marketplace lending: How the industry is dealing with securitisation – and does having skin in the game really matter? April 12, 2016 If you've watched The Big Short, you’ll be able to call to mind a securitisation cheat sheet: big financial institutions – investment banks, quasi-government agencies – bundle together hundreds of loans, then issue bonds to investors, using those assets as backing. In the alternative lending industry, securitisation is an exciting word for some, and a dirty one for [...]
“Closet indexer” fund managers help drive exchange-traded fund market to record levels in Europe as assets invested globally top $3 trillion April 12, 2016 Assets invested in exchange-traded funds and products listed in Europe reached record levels at the end of the first quarter in 2016. Preliminary figures from ETFGI shows $522bn (£366bn) was invested in the funds at the end of March. The market also saw its 18th consecutive month of net inflows, totalling $5.11bn. The data also showed [...]
