Criminal prosecutions brought by Health and Safety Executive more than doubled in 2015 – Cerico October 27, 2015 The number of criminal prosecutions for serious wrongdoing brought by the Health and Safety Executive (HSE) has jumped from 24 in 2012 to 52 in 2015, according to data obtained by online compliance business Cerico. Cerico also found that number of appeals received by the HSE had gone up from 13 to 20. “The problem for [...]
LV posts 19 per cent growth in sales of retirement products post-pension freedoms October 26, 2015 LV announced a growth in sales of retirement products of 19 per cent to £1.1bn over the last nine months. Protection sales also rose by 35 per cent to £209m for the period, contributing towards a total of 22 per cent growth in sales to £1.3bn for the life and pensions division of the financial services [...]
Insurer Axa brings Ireland business under scope of new UK boss Amanda Blanc October 26, 2015 Insurance company Axa has announced that it will bring its Ireland operations under the remit of Amanda Blanc when she becomes CEO of Axa Insurance, UK & Ireland, on 1 January 2016. Axa Ireland will continue to run as an independent entity, but will report into Blanc. Axa Ireland will be headed by Phil Bradley [...]
UK house prices: This chart shows the hourly rate at which property values are rising October 26, 2015 Everyone knows house prices have been rocketing in London in recent years – and they were up by nearly 10 per cent this month compared to October 2014. Now research from NLP Insights reveals that homes in the capital have been increasing in value by a whopping £3.48 per hour in the last year. This [...]
Major shareholder in Jack Dorsey’s Square set to depart from company board ahead of US flotation October 26, 2015 Twitter chief executive Jack Dorsey's company Square, which is gearing up for its initial public offering (IPO) in the US, has revealed that Vinod Khosla is stepping down as a director of the firm. Khosla has been on the board of the mobile payments business since June 2011, in addition to being a general partner [...]
Professional services firm Baker Tilly rebrands as RSM across all brands October 26, 2015 Professional services firm Baker Tilly will today become RSM, giving the network’s firms the same name globally. The firm, which has 730 offices in more than 110 countries, including 35 offices across the UK, is the seventh-largest network of audit, tax and consultancy firms in the world. Last year, the RSM network boosted its revenues [...]
TalkTalk cyber attack: Give her some credit, Dido Harding is facing the music October 26, 2015 There are many questions to be asked of TalkTalk, after the company admitted last week that it had been the target of a serious hacking. We live in a time during which online financial activity – whether it’s transferring cash to your friends, gambling on the football, or paying your phone bill – is considered [...]
Aberdeen Asset Management boss Martin Gilbert in it for the long haul October 26, 2015 Aberdeen Asset Management founder and boss Martin Gilbert has no intention of selling the company, a senior source said last night. A report yesterday suggested that the FTSE 100 company is looking for potential buyers as it seeks to turn around its fortunes. Aberdeen has endured a tough six months with its shares dropping by [...]
UK pension schemes face £62bn rise in liabilities if interest rates stay low – JLT Employee Benefits October 26, 2015 UK private sector pension schemes could find their aggregate liabilities increase by as much as £62bn if an interest rate rise fails to materialise one year after market expectations, research by JLT Employee Benefits has revealed. If the pension consultancy firm’s predictions are correct, employers might have to find an extra £2m on average to [...]
Businesses call on government to create more stability around pensions regulation October 26, 2015 Most businesses feel pensions regulation stability should be a priority for government, a report by the Confederation of British Industry (CBI) and Mercer has revealed. In a survey released today of more than 160 corporate leaders, who between them are responsible for £115bn worth of assets invested in pensions, 79 per cent thought that the [...]
