New rules on annuity sales February 26, 2013 PEOPLE approaching retirement will receive better advice to help them purchase the best possible annuity, according to a new code of conduct published yesterday by the Association of British Insurers. The code requires insurers to spell out options for buying an annuity – which converts pension savings into retirement income – up to two years before [...]
DCC is latest to flee to London February 26, 2013 IRISH services group DCC became the latest firm to ditch the Irish stock market in favour of a sole London listing. The distribution group, which is currently dual-listed, will delist from the Irish Stock Exchange on 3 May. It will then join the main market of the London Stock Exchange, and will cease to be [...]
First-time buys up to five year high in London February 26, 2013 FIRST-TIMERS rushed back to the London housing market in 2012, with first-time sales up to their highest since 2007. London housing transactions involving first-time buyers rocketed up 15 per cent between 2011 and 2012, from 32,400 to 37,300, according to Council of Mortgage Lenders (CML) figures out yesterday. And the figure continued to rise through to the [...]
Government lifts accounting requirements for small firms February 26, 2013 COMPANIES with fewer than 10 employees will be allowed to file much reduced annual accounts, under plans unveiled yesterday by business minister Jo Swinson. As part of the coalition’s latest round of cuts to red tape there will also be fewer regulations on the use of company names on official documents. Archaic rules restricting the use [...]
New Queen’s Counsel list to include solicitor February 26, 2013 AROUND 80 lawyers will become Queen’s Counsel in this year’s round of appointments, the selection panel will reveal today, with the list set to reflect the legal industry’s efforts to open its doors. Roughly a third of those to be appointed to the role, known as taking silk, are women. One solicitor advocate has also [...]
Robert Walters grows outside of finance while banks recover February 26, 2013 RECRUITMENT boss Robert Walters said yesterday he is confident that the banking sector will bounce back from the financial crisis, though the jobs openings will be in different areas of the industry. Walters’ namesake firm yesterday said pre-tax profits fell by more than half to £7.7m last year, on revenues up 5.6 per cent at [...]
French jobless up in January February 26, 2013 FRENCH unemployment rose in January, according to its labour ministry’s measure of joblessness. There were 3,169,300 category A job seekers in the first month of the year, Pole Emploi, the French labour ministry said yesterday, up 43,900 on December, and up 10.7 per cent on the previous January. Category A job seekers are those completely [...]
M in meltdown as the founders join the exodus February 26, 2013 JUST a few hours after The Capitalist disclosed that five key members of staff had quit the City’s top flight financial PR agency M:Communications came the revelation that suggests things are getting serious. Founders Nick Miles and Hugh Morrison, both City veterans and big revenue earners, announced that they are also leaving the group, which [...]
City Moves for 27 February 2013 | Who’s switching jobs February 26, 2013 Lloyds The bank has announced the appointment of David Weatherhead as regional trade director for London and the south east. He will focus on medium-sized businesses with turnovers of up to £500m. Weatherhead has over 24 years’ banking experience, and joins Lloyds from RBS. He sits on the London Chamber of Commerce’s Security and Defence [...]
CRH chief steps down as it eyes growth in US February 26, 2013 BUILDING materials group CRH said yesterday that its chief executive is to stand down, as the construction company looks towards growth in North America. Myles Lee will retire from the FTSE firm at the end of this year in a widely-expected move, following a five-year tenure. CRH said yesterday that the outlook for the US [...]