PensionBee managed assets nearly double as consumers lock away savings October 20, 2022 Fintech firm PensionBee doubled down on its goal of profitability by next year today as it reported a 24 per cent jump in assets in the nine months to September. The London-listed online pensions provider said that invested customers increased 68 per cent to 174,000 – up from 104,000 last year – as assets hit [...]
Crypto has ‘serious deficiencies in governance’, warns Bank of England official October 19, 2022 A Bank of England official warned there are “serious deficiencies in governance” in the crypto ecosystem today as she laid out a vision for the industry to win back trust from investors.
Investors launch $5.7tn coalition to force action on public health October 19, 2022 A group of top investors managing $5.7tn are mounting pressure on firms to boost their focus on public health today, amid fears it is sliding off the agenda as an environmental, social and governance (ESG) issue.
Regulatory ‘call-in’ powers must not be politicised, City chiefs warn October 19, 2022 Powers allowing ministers to intervene in regulatory matters must not be “politicised” and should only be used “in extremis”, City chiefs have warned today.
Quilter assets slide as volatility shakes markets October 19, 2022 Shares in wealth manager Quilter dived this morning as the FTSE 250 firm revealed its assets under management tumbled to £96.9bn in the three months to the end of September.
Liontrust sheds £1.6bn in three months as investors flee volatility October 19, 2022 Asset manager Liontrust said more than £1.6bn had been pulled from its funds in the past three months as investors continue to pull back from the markets and shield their cash from volatility.
Revolut launches Homes feature to take on Airbnb October 19, 2022 Fintech giant Revolut has unveiled a new holiday home rental feature today as it looks to broaden its reach in the travel market and snap up market share from Airbnb.
Man Group hit by soaring dollar as assets slide 2 per cent October 19, 2022 Man Group revealed investors had been scrambling to withdraw their cash in the past quarter as its assets under management slid to $138.4bn amid a crash in sterling and market volatility. The investment management group said that the value of its assets under management tumbled 2.7 per from $142.3bn in June in what was a [...]
Four venture trusts bag £45m in start-up vote of confidence October 18, 2022 Four venture capital trusts have bagged £45m from investors in just 24 hours in a vote of confidence for the vehicles after ministers reversed a decision to wind them down.
‘How dare they?’: Klarna chief hits back at critics of Deliveroo deal October 18, 2022 The UK chief of buy-now pay-later firm Klarna has mounted a defence of the firm’s tie-up with Deliveroo today after claims from debt campaigners that the deal will plunge struggling Brits into debt.
