UK private medical insurance sign-ups near-record high amid NHS backlog February 7, 2025 Nearly one in eight Britons now have medical insurance, a near-record high, as delays to NHS care drive customers to go private. The number of people with private medical insurance rose to a record high of 4.68M by the end of 2023, according to the latest figures from healthcare analysts LaingBuisson. But a total of [...]
UK’s pension wealth is being ‘squandered’, Phoenix boss warns February 4, 2025 The UK’s pension wealth is being “squandered” due to the fragmentation of the market and a lack of risk taking among money managers, the investment chief of Phoenix has warned. Writing in City AM today, Mike Eakins, chief investment officer of the FTSE 100 pensions giant, said the UK was an “outlier” compared to similar [...]
Thames Water seeking approval of £3bn emergency restructure plan February 3, 2025 Embattled water giant Thames Water is at the High Court today seeking for a judge's approval of its £3bn restructuring plan to avoid renationalisation
How many days a week is the FTSE 100 spending in the office? January 29, 2025 In an exclusive poll for City AM, Joanna Hodgson surveys major firms to see if hybrid working is still king in the UK A three-day office week is dominant among some of Britain’s biggest companies, with employers spanning insurance, financial services and property continuing to embrace flexible working in 2025, findings from an exclusive City [...]
Rachel Reeves to unveil £65m investment in EV charging firm January 29, 2025 Chancellor Rachel Reeves will unveil a £65m investment into an electric car charging company as part of a much-anticipated growth speech on Wednesday. City AM understands the new National Wealth Fund (NWF) will take an equity stake in Connected Kerb alongside Aviva Investors, the global asset management branch of Aviva Group. The NWF will commit [...]
The stocks and shares ISA millionaires are buying January 27, 2025 Legal & General is the most-held stock among all ISA millionaires using DIY investing service Hargreaves Lansdown, with fellow insurers Phoenix and Aviva joining the firm for the most popular shares. Funds run by Legal & General also make up half of the top funds invested in by the 1,322 ISA millionaires using Hargreaves Lansdown, [...]
Wonks think a wave of asset management mergers is inevitable January 22, 2025 Across the European continent, a surge of mergers and acquisitions among asset managers has begun. Yesterday, Italian and French giants Generali and Natixis agreed to a €1.9 trillion (£1.61 trillion) merger to create the second largest asset manager in Europe. Meanwhile, BNP Paribas recently bought out AXA’s investment arm, and rumours continue to swirl about [...]
Covid BI: Final stage for lawsuits that put insurance lawyers into the spotlight January 22, 2025 Following covid pandemic, an influx of business interruption cases put insurance lawyers into the spotlight. Now these cases are facing the final stage in court.
Six Nations tickets: How much will the tournament cost you? January 12, 2025 We’re just days from the Six Nations getting underway in Paris when France host Wales with tickets for this year’s competition all but sold out. The Stade de France in Paris, Allianz Stadium in London, Principality Stadium in Cardiff, Aviva Stadium in Dublin, Scottish Gas Murrayfield Stadium in Edinburgh and Stadio Olimpico in Rome will [...]
Financial M&A surges as banks and insurers hunt for scale January 8, 2025 A wave of banking and insurance tie-ups pushed the volume of UK financial services dealmaking to its highest level in more than a decade last year, new figures show. After a slowdown in 2023, mergers and acquisitions (M&A) activity in the UK’s financial services industry rebounded last year with a 26 per cent year-on-year increase [...]