Personalities making a mark doing it their way September 28, 2014 PERSONALITY of the year Mark Carney has been the most talked about central banker for many years, and he’s only been at the Bank for just over a year. For some, that might just be enough time to get the feel of the job. But he has made huge decisions at the Bank of England. [...]
Insurers warn over industrial deafness claim rise September 9, 2014 CLAIMS for industrial deafness are fast becoming the new “cash cow” for lawyers specialising in settling such cases, the Association of British Insurers is warning. Lawyers can on average recoup around £10,500 per deafness claim, compared with £500 for whiplash cases, the insurance industry watchdog believes. It is concerned that insurers are paying over the [...]
Legal & General quits insurance trade body ABI August 13, 2014 Legal & General (L&G) yesterday quit the UK’s biggest insurance lobby group, the Association of British Insurers (ABI), to strike out on its own in its bid to influence public policy. The FTSE 100 giant, led by chief executive Nigel Wilson, blamed its burgeoning profile as a fund manager and a lack of faith in [...]
Legal & General’s Nigel Wilson sends slap in the face to Breedon as associates shudder – Inside Track August 13, 2014 Nigel Wilson has hardly put a foot wrong since replacing Tim Breedon, his po-faced predecessor, as chief executive of Legal & General just over two years ago. While investors are happy with the outspoken Geordie, however, his fellow insurance bosses are not – at least not after his latest bombshell dropped yesterday. Confirming [...]
City Moves for 10 July 2014 | Who’s switching jobs July 9, 2014 Regis The global property investor has appointed Syd Taylor as its UK-based chief financial officer. Taylor’s 25 years of experience include director level roles with Rockmount Capital, ING Real Estate, Goldman Sachs and Great Portland Estates. Smith & Williamson Peter Mitchell has joined the accountancy and investment management group as head of banking. Mitchell joins [...]
Pensions body opposes Sports Direct pay plan June 30, 2014 SPORTS Direct faced further calls yesterday to withdraw its proposed bonus scheme to reward its founder Mike Ashley, ahead of a planned shareholder meeting tomorrow. Local Authority Pension Fund Forum (LAPFF) said it had urged its members to vote against the 2015 bonus share scheme, joining similar calls from the Association of British Insurers and [...]
Sports Direct fears third bonus defeat June 30, 2014 SPORTS Direct’s third attempt to reward its billionaire founder Mike Ashley looks set to fail this week after three major shareholder bodies publicly urged investors to vote against the latest bonus scheme. The sports retail giant could decide to call off Wednesday’s shareholder meeting if the proxy votes – due in today – indicate that [...]
City Moves for 30 June 2014 | Who’s switching jobs June 29, 2014 Unigestion The boutique institutional asset manager has appointed Jérôme Teiletche as managing director, head of cross asset solutions. He will also join its executive committee. Teiletche previously worked for Lombard Odier Investment Managers, where he was head of the solutions group. RSA The insurer has appointed Steve Lewis as chief executive for the UK and [...]
Punch closing in on £2.3bn deal with creditors June 26, 2014 PUB OPERATOR Punch Taverns is close to securing a £2.3bn restructuring deal with its lenders after it reached an agreement with its largest group of bondholders yesterday. The new accord is closing in due to Punch’s agreement to offer a debt-for-equity swap that could give control of the company to noteholders. “Junior notes would be [...]
IMA rebrands as The Investment Association and appoints Helena Morrissey as chair June 18, 2014 The Investment Management Association (IMA) yesterday appointed its first female chairman and rebranded the outfit to reflect a recent merger with another trade body. Newton boss and gender diversity campaigner Helena Morrissey, one of the most powerful women in the City, has been appointed to chair the group, which will rebrand as The Investment Association [...]