No turning back from either Bremain or Brexit for insurers May 22, 2016 There was always a danger that the debate surrounding the EU referendum in June would generate more heat than light. When it comes to the impact on some of the most significant elements of the UK economy – such as the insurance sector – it is vital to identify the issues that will arise for [...]
FOR DIARY (with Edi) People receive an average of 26 nuisance calls a month, finds Which? May 22, 2016 NULL
Salaries and bonuses at London banks, ranked from best to worst – plus who’s paying their staff most fairly May 20, 2016 One size rarely fits all, especially, as a study out today has discovered, when it comes to bankers' pay. The research by Emolument.com, which crunched the numbers on 1,433 salaries, found that paypackets for associates at 18 of London's well-known banks varied by up to £73,000 while the highest paid managing director (MD) is pocketing around £571,963 more than [...]
This is how many financial services firms are not prepared for a Brexit May 19, 2016 Around one in three financial services firms will not have a clue what to do should UK vote to leave the EU on 23 June, figures published today show. Pinsent Masons has released further information on a study into business' preparation for a potential Brexit, this time honing in on the financial services sector, and [...]
Keydata’s former compliance officer banned by watchdog, but £200k fine dropped May 19, 2016 The City watchdog has today banned the ex-compliance officer of Keydata Investment Services from performing any function related to regulated financial activities. The Financial Conduct Authority (FCA) found that Peter Johnson failed to act with integrity, and misled the Financial Services Authority (FSA) – the FCA's predecessor – on a number of occasions. Johnson also would have been fined £200,000, [...]
Brewin Dolphin profits flow downstream May 19, 2016 Profits for wealth manager Brewin Dolphin have almost halved in the six months to the end of March, as less-than-ideal market conditions and a business restructuring took their toll. Profits before tax dropped to £21.5m, down 42.2 per cent from £37.2m for the same period the year before, although the earlier period included a one-off exceptional gain of £9.7m. [...]
Investec banks on banking for profit boost May 19, 2016 Investec today reported that its profits for the year had inched up, thanks in part to a strong performance in its banking and wealth and investment divisions. Operating profits before tax for the specialist financial services company's year to March edged up to £567.4m, up 0.9 per cent compared with £562.5m the year before. Operating profit in [...]
