We need to regulate for growth, not just for risk November 15, 2024 In her Mansion House speech, the Chancellor did not shy away from the need to deliver reform to support financial services to innovate, grow and finance investment across Britain, says Tulip Siddiq Financial services are at the heart of our economy, employing 1.2m people – from London to Edinburgh, from Manchester to Belfast. The sector [...]
Reeves warns financial regulation has gone ‘too far’ in pledge to unleash the City November 14, 2024 The Chancellor Rachel Reeves warned that financial regulation had “gone too far” last night as she pledged to rip up red tape and put the City watchdogs on a growth footing. In her maiden Mansion House speech in the Square Mile, Reeves said that regulatory measures brought in since the financial crisis in 2008 have [...]
How Rachel Reeves plans to use pension pots to fund an investment boom November 14, 2024 The Chancellor Rachel Reeves is set to lay out one of the most significant shake-ups of the pension system in decades today after years of calls from the City to lean on the sector to fund an investment boom. Currently, 86 different local government pension schemes manage assets between £300m and £30bn, with local government [...]
Exclusive: Reeves to reveal new mutual council with Nationwide and Co-op November 14, 2024 Chancellor Rachel Reeves will set out plans for a new mutual council today made up of some of Britain’s biggest customer and member-owned firms, including Nationwide, Royal London and the Co-op Group, City AM understands. In her maiden Mansion House speech, Reeves is expected to set out a growth plan for mutually owned business as [...]
London Stock Exchange boss: Britain needs to re-think ‘weird’ view of capital markets November 13, 2024 The UK needs to view London’s capital markets as a “driver of the domestic economy” rather just a venue for share trading, the boss of the London Stock Exchange said yesterday. At an event hosted by investment bank UBS, Julia Hoggett, who has led the exchange since 2021, called on pension funds to back British [...]
Exclusive: Reeves to reveal plans for ‘world first’ private stock market Pisces November 13, 2024 The government will set out its plans for a “world first” private stock market regime tomorrow in a bid to revive the UK’s flagging IPO pipeline, City AM can reveal. At her maiden Mansion House speech in the City, the Chancellor Rachel Reeves will reveal proposals to legislate in May next year for a regulated [...]
What the City of London wants from Reeves’s Mansion House speech November 12, 2024 Treasury officials have been hitting the phones to City firms over the past two weeks as Rachel Reeves prepares to deliver the government’s annual Mansion House speech to the financial services sector. The backdrop is a fractious one for the Chancellor. While the Labour party built cordial ties with the Square Mile in the run [...]
Reeves to lay out pensions overhaul in Mansion House speech November 3, 2024 Rachel Reeves will reportedly propose an overhaul of Britain's pension fund industry in her first Mansion House speech as the government tries to unlock billions of pounds worth of investment.
Pension giants risk snubbing smaller stock markets in Mansion House investment drive September 5, 2024 Top pension fund managers risk neglecting London's junior stock markets and have made only sluggish progress on a landmark pledge to inject some £75bn into growth companies by 2030, a London business body has said.
Could venture capital firms miss out on the great pension fund start-up splurge? September 3, 2024 The UK's top pension fund managers are poised to pump billions into the UK's start-ups - but venture capital investors keen for cash may play a smaller part than they had hoped, writes Charlie Conchie