Cybersecurity is a growing risk for businesses, as firms fret about the damage an incident could cause to their reputation January 13, 2016 Companies are becoming increasingly concerned about the impact cyber attacks could have on their business, particularly the effect they could have on their reputation. According to a survey of more than 800 risk managers and insurance experts from around the world released today by Allianz, cyber incidents ranked as the top risk to businesses in the [...]
Euribor trial: Jury trial date set for six people – two who worked at Deutsche Bank and four who worked at Barclays – accused of manipulating Euribor rate as 4 September 2017 January 13, 2016 The jury trial date for six people alleged of playing a role in the manipulation of the Euro Interbank Offered Rate (Euribor) has today been set to begin on 4 September 2017. Former Deutsche Bank employee Christian Bittar and Achim Kraemer, who is still at that bank, alongside ex-Barclays staff members Colin Bermingham, Carlo Palombo, Philippe Moryoussef and Sisse [...]
Treating death as taboo is leaving many Londoners poorly prepared, and capital dwellers are more likely to think they don’t want or need a will January 13, 2016 Londoners' taboos about mortality have left them inadequately prepared for the financial impact of death. According to a report released today by Aviva, six out of ten of London adults said that they felt death was still a taboo subject and just less than half (49 per cent) said that they do not want to [...]
Proposed national insurance tax rule could be easily dodged, warns Chartered Institute of Taxation January 12, 2016 A representative body for tax professionals today warned that proposed rules designed to tighten up claims for national insurance reductions could be too easy to dodge. The Chartered Institute of Taxation (CIOT) cautioned that HM Revenue & Customs’ (HMRC) plans to stop limited companies where the director is the sole employee from claiming Employment Allowance [...]
Direct Line Insurance Group share price rises as it reveals its estimated costs of the storms of up to £140m, while PwC predicts a mixed bag for premiums this year January 12, 2016 Direct Line Insurance Group today revealed that it estimated that this winter’s floods would cost it between £110m and £140m in claims across both its home and commercial divisions. The company stressed that these figures were estimates only and that an actual amount for insured losses could not be given with certainty for some while. After [...]
Don’t leave your tax return until the last minute, warns Institute of Chartered Accountants in England and Wales, as deadline date for online filing falls on a Sunday this year January 12, 2016 The Institute of Chartered Accountants in England and Wales (ICAEW) has today urged people not to leave filing their tax return to the last second. The representative body for accountants warned that 31st January – the deadline date for filing a self-assessment tax return online – and 30th January were the busiest days for filing [...]
Number of businesses showing signs of distress plummets with healthier-looking profits and sales January 12, 2016 The number of businesses showing signs of distress has fallen to its lowest level since March 2012. Research released today by R3, a trade body for insolvency professionals, discovered that only 17 per cent of businesses report experiencing a key indicator of distress, such as a decrease in profits or having to make redundancies. “This [...]
Gender equality is still a generation, or 17 years, away, as women under 35 are most pessimistic about the time needed for change January 12, 2016 Global leaders think that gender equality in the workplace is at least a generation, or an average of 17 years, away. According to a report out today by Right Management, which is part of the ManpowerGroup, millennial women are the most pessimistic about the rate of change, believing that it will take 22 years for [...]
Xchanging share price finishes down, as company urges shareholders to back Computer Sciences Corporation offer by Friday January 11, 2016 Outsourcing company Xchanging today called on its shareholders to accept a takeover offer from Computer Sciences Corporation (CSC) by Friday, as it warned that it could not be confident it would receive a better offer from insurance software company Ebix. In December last year, CSC made a cash offer to purchase Xchanging for 190p per share, [...]
Sian Fisher appointed as chief executive of the Chartered Insurance Institute, replacing Dr Sandy Scott, who is retiring January 11, 2016 Former Arthur J Gallagher chief underwriting officer Sian Fisher has today been revealed as the new chief executive of the Chartered Insurance Institute (CII), taking up the position on 1 February. She replaces Dr Sandy Scott, who announced his retirement last March. Fisher said: “I am looking forward to getting out and meeting our members [...]
