GoCompare owner Esure’s performance edges upwards in third quarter of 2015 but share prices take a dip November 11, 2015 Gross written premiums have edged up slightly for insurer Esure Group for its third quarter of 2015, standing at £155m, compared to £149.6m for the same quarter last year. The company, whose brands include Sheilas' Wheels, also reported positive year-to-date figures, with gross written premiums for the last nine months of £430.5m, compared to £410m [...]
ICAEW grants 100th alternative business structure licence in a year to Essex accountants Tiffin Green November 11, 2015 The Institute of Chartered Accountants in England and Wales (ICAEW) has awarded its 100th alternative business structure (ABS) licence, one year since it was granted the power to do so. The lucky recipient was Tiffin Green, a five-partner practice based in Essex with a focus on small and medium businesses. “ICAEW became a regulator and licensing [...]
Far from being unlucky, home insurance claims actually go down on Friday 13th November 11, 2015 Friday the 13th may have a reputation for being unlucky – but it turns out that doesn't ring true when it comes to household mishaps. Home insurance provider Policy Expert has discovered that claims on home insurance actually go down on the traditional day for bad luck, with claims on some of the most recent Friday 13ths coming [...]
HMRC to hire evening staff, having unveiling new telephone system to tackle customer service concerns November 10, 2015 HM Revenue and Customs (HMRC) has today announced it is taking steps to improve customer service, including hiring staff for outside hours, the BBC has reported. Speaking in front of the Commons Treasury Committee today, Lin Homer, chief executive of HMRC, apologised for the tax authority’s poor track record of dealing with customer phone calls. [...]
European Commission mulls delaying Mifid II for a year November 10, 2015 European Commission revealed today that it was considering delaying the Markets in Financial Instruments Directive (Mifid II) for a year. Reuters reported that Martin Merlin, a commission official, has said that a delay was needed “if we want to have a smooth and effective implementation” of Mifid II, which was decision to implement reforms agreed [...]
Almost half of UK millennials can only blindly guess at the amount they need in their pension pot November 10, 2015 Retirement needs seem to be something of a mystery for today’s youngsters. According to a study released today by bank BNY Mellon and students from Cambridge Judge Business School, 42 per cent of UK millennials calculate the size of the retirement fund based on a blind guess. A further 51 per cent admit to employing [...]
We’d rather discuss age and gender in the office than race, as incidences of racial harassment in the workplace rise November 10, 2015 When it comes to touchy subjects in the office, it turns out talking about race makes us more uncomfortable than discussing age or gender. In a survey by Business in the Community (BITC) of 24,457 UK employees, 37 per cent said they thought their colleagues would be comfortable discussing race, compared to 44 per cent [...]
Prudential share price dips as it unveils net outflows of £2.7bn at asset management arm M&G November 10, 2015 Prudential's asset management division M&G failed to impress in its third quarter of 2015, today reporting net outflows of £2.7bn for the last three months. M&G's retail business was particularly badly hit, with net outflows for the quarter of £3.9bn, compared to net inflows in its institutional business of £1.2bn. Share price in the company dropped [...]
Serious Fraud Office drops Olympus case November 10, 2015 The Serious Fraud Office (SFO) today dropped its case into Gyrus Group, a British subsidiary of Japanese camera maker Olympus, after the Court of Appeal decided in February that misleading auditors is not a criminal offence under English law. At a hearing today, the UK's fraud prosecutors said that they would offer no evidence, ending the case. The [...]
