Major UK insurers call on government to extend pension auto-enrollment to young workers March 4, 2022 A group of major British insurance firms and pension funds have called on the government to extend the UK’s pension auto-enrollment terms to include young and low-wage workers. The group sent a letter to Rishi Sunak yesterday to call on the government to “level up pensions for everyone” by abolishing the “lower earnings limit and [...]
Pressure grows on pension providers to scrap Russian investments March 2, 2022 Pressure is growing on the UK’s biggest pension and insurance fund managers to slash their Russian exposure.
Aviva snaps up Succession Wealth for £385m and rolls out bumper dividend for shareholders March 2, 2022 Insurance giant Aviva announced it has snapped up wealth management firm Succession Wealth for £385m today, as it rolled out a bumper dividend for shareholders despite a slide in profits last year.
Aviva and Allianz partner on £500m City office and retail development February 28, 2022 Aviva Investors and Allianz Real Estate have entered a partnership for a massive ongoing development in the heart of the City of London. The joint venture, 1 Liverpool Street and 101 Moorgate with a gross development value of around £500m, are central to the Crossrail development site in the Square Mile. “London is one of the [...]
Insurance bosses ready wave of investment after Solvency II shake-up February 22, 2022 Britain’s insurance giants have welcomed government plans to shake-up EU-era solvency rules as they prepare to unleash a wave of investment across the UK.
Solvency II regulations to go in first sign of post-Brexit shake-up February 21, 2022 The Government has unveiled plans to slash regulation in the insurance sector and allow Britain’s insurance giants to unleash a flood of funding into UK infrastructure projects, in a major shakeup to EU-era financial rules. Speaking to insurance bosses last night, City Minister John Glen said the Government will overhaul 2016 Solvency II regulation which [...]
Ollie Phillips: France vs Ireland is the Grand Slam decider February 11, 2022 It’s hard to look at this weekend’s Six Nations match between France and Ireland and not see it as a Grand Slam decider. We may only be in the second round of the championship but if there turns out to be an unbeaten side this year it’ll be the winner of this match. I don’t [...]
As chief execs traverse the world of sustainability, they must keep investors onside February 11, 2022 Mayonnaise. The humble condiment is now at the centre of a broader debate about the purpose of business. Last month, Fundsmith’s Terry Smith argued Unilever “had lost the plot” for attempting to define the purpose of Hellman’s. While Smith’s comments on sandwich fillers grabbed headlines, the more revealing point made by Smith was that Unilever [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 10, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. CPW CPW has hired a new apprentice to its London office, as the consultancy firm looks to upskill the next generation of engineers. Joining the firm’s apprenticeship programme, which was set up over 20 years ago, Joshua [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 4, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Guinness Global Investors Guinness Global Investors has hired a renewable energy specialist as its new head of sustainable infrastructure. David Freeder will lead the development of the firm’s broader strategy and investor offering in sustainable infrastructure and energy. After holding positions with Big Four [...]