Live: Pensions lifeboat says that it had concerns about the BHS pension scheme in 2012 May 9, 2016 The BHS' pension scheme was on the Pension Protection Fund's (PPF) radar as far back as in 2012, MPs were told today. Alan Rubenstein, chief executive of the PPF, also explained to a committee hearing that the scheme had a 23-year recovery plan at that point, which is significantly longer than would usually be allowed. Lesley Titcomb, [...]
Shareholder group not sold on Foxtons exec pay, advising a vote against at the AGM next Wednesday May 9, 2016 The shareholder spring set its sights on a new target today, with an influential shareholder advisory group recommending a vote against the remuneration report. The Institutional Shareholder Services (ISS) has taken issue with chief executive Nic Budden's paypacket, which included a 19 per cent increase in salary and a 20 per cent increase to potential bonus. [...]
Why a Brexit is a bit like a domino for those in other EU countries May 9, 2016 Adults across the EU are referencing the childhood favourite dominos for a very grown-up reason in a new survey out today. According to the research by Ipsos Mori, around half (48 per cent) of those in the EU countries it polled – Belgium, France, Germany, Hungary, Italy, Poland, Spain and Sweden along with Great Britain – believe that [...]
Natural disasters made this April the worst in 2011 for economic damage, but the UK got away lightly May 9, 2016 The warm weather in London these last few days may have led you to believe that April's weather – complete with its snow storm – was a bit of a washout. However, a report out today shows that the UK's weather last month was rather reasonable… provided you work in insurance. Aon Benfield's most recent Global Catastrophe Recap [...]
It’s like Airbnb, but for lawyers: New online platform for legal market due to launch in the summer May 9, 2016 The legal eagles have soared into the sharing economy, as Lawyers On Demand has today announced that it is launching an online marketplace for legal services. Spoke will allow businesses looking to build their in-house teams or law firms looking for some extra help to hire lawyers who have some spare hours that are not currently being used for [...]
Dignity profits down, as 2016 (thankfully!) fails to repeat 2015’s “abnormally high” number of deaths May 9, 2016 With the unusually high number of celebrity deaths so far this year, it may feel like people are dropping like flies. However, one company has proved that isn't so and it's caused a dent in their bottom line. Dignity revealed today that its profits and revenues dipped in its most recent quarter, but, thankfully, this is because [...]
People really want to invest in equities but don’t know where to start May 9, 2016 Many people would love to try to boost their savings pot by having a go at investing in equities, but don't have a clue where to begin, research out today has found. According to the survey by equity crowdfunding platform SyndicateRoom, almost half (46 per cent) of people were keen to invest in shares on the public [...]
Productivity might be up as hiring intentions down to lowest levels since 2014 May 9, 2016 A slump in firms' hiring intentions could indicate that the productivity puzzle is finally on the way to being solved, a report out today suggests. The study by professional services firm BDO discovered that, while companies' hiring intentions had dropped to their lowest levels since 2014, their levels of output and optimism are still strong, [...]
HMRC makes almost 1,500 demands in one year to lawyers and accountants to cough up client details May 9, 2016 The UK's tax authority issued just shy of 1,500 demands in the space of a year to lawyers and accountants for information on clients suspected of committing crimes, figures released today show. The research by City law firm RPC discovered the HM Revenue & Customs (HMRC) issued 1,468 production orders last year – and more than [...]
