Aberdeen Standard Investments to take control of Woodford Income Focus fund December 20, 2019 Aberdeen Standard Investments (ASI) will take over Neil Woodford’s sole remaining fund it has been revealed today. Fund administrator Link Fund Solutions confirmed to investors this morning that the management of the £267m fund would be handed to ASI. Read more: Windup date for flagship Neil Woodford fund confirmed by administrators The management of the [...]
Brexit bill: MPs to vote on Boris Johnson’s deal in second reading December 20, 2019 MPs will today vote on Boris Johnson’s Brexit bill just more than a month before 31 January deadline. The withdrawal bill was first introduced to the House of Commons in October and will have its second reading today. Read more: CBI welcomes Prime Minister’s Brexit trade deal deadline MPs will have a chance to debate [...]
Insurer LV shifts focus to pension provision with new boss December 20, 2019 Pension provider LV has today announced a new chief executive as it shifts its focus away from insurance to savings and retirement. Mark Hartigan will move to the company from Zurich Insurance group. Current CEO Richard Downey this year lead the sale of LV’s general insurance division to Allianz and will step down at the [...]
Here’s to another 10 years of City success December 20, 2019 It has been a decade of great upheaval for the City. January 2010 saw the UK economy just starting to come out of recession, with unemployment at its highest in 15 years, and a raft of regulations and inquiries into the financial services sector imminent, not to mention an election that would mark the start [...]
DEBATE: Will we see as much seismic political change in 2020 as we did this year? December 20, 2019 Will we see as much seismic political change in 2020 as we did this year? Nicholas Mazzei, a corporate social responsibility adviser, says YES. Despite the vast amount of news we’ve consumed on Brexit and British politics since the EU referendum, very little has actually happened policy-wise. Do not expect more of this in 2020. [...]
What does the next decade have in store for UK fintech? December 20, 2019 A decade ago, the term “fintech” had barely been coined, and the financial services world referred to more staid terms like “financial technology”. High-growth startups focusing on the space were few and far between, and very few VCs had fintech on their investment radar. In parallel, the ecosystem was slowly being introduced to innovative startups [...]
All Londoners want for Christmas is some kind of public transport December 20, 2019 This week, newspapers are reporting how the great Christmas get-away is about to begin — or better still, that the fabled seasonal shut-down is about to commence. For many readers, the break can probably not come soon enough. For sure, it has been a year of ups and downs for London and the South East’s [...]
The economics of gift giving: It probably isn’t worth it December 20, 2019 It is Christmastime, which means that on Tuesday I will be frantically rushing around doing some very last-minute shopping and attempting to wrap presents. I have a pretty good idea what I’m going to buy people this year, although my young nieces are proving to be particularly tricky. As I’ve never been a four-year-old girl, [...]
Muggings and robberies have shot up in London since 2015 December 19, 2019 The amount of muggings and pickpocketing in London has risen by 56 per cent in the past three years. Figures from the Metropolitan Police and the Mayor’s Office for Policing and Crime dashboard show there were 53,966 reported incidents of “theft from person” between August 2018 and September 2019. Read more: TfL: Crime rates on [...]
Uber banned in Germany as bumpy ride continues into 2020 December 19, 2019 A German court banned Uber from operating its ride-hailing services in Germany today for lacking the licence necessary to offer transport services using rental cars. Uber is active in seven German cities and works exclusively with car rental companies and their drivers. It can appeal to a higher court and will continue to drive in [...]