General Election 2015: Miliband unpaid internship ban previously supported by PwC, KPMG and Axa April 17, 2015 Ed Miliband will promise to ban unpaid internships if he becomes the next prime minister. In a bid to woo young voters in a speech today, the Labour leader will say companies will be banned from offering unpaid work experience for more than four weeks under a Labour government. Miliband will say lengthy unpaid internships [...]
City Moves for 08 April 2015 | Who’s switching jobs April 7, 2015 Marsh The insurance and risk management firm has appointed Sally Williams as director of risk and governance. She joins from National Australia Bank Group, where she was head of risk, London branch. Williams has also worked as group director of risk at Aviva. Legal & General Investment Management The asset management firm has announced two [...]
As the Bank’s chief economist suggested, are interest rates as likely to fall as they are to rise? March 22, 2015 Adam Memon, head of economic research at the Centre for Policy Studies, says Yes. The Bank of England has kept interest rates at 0.5 per cent for six years; far longer than anyone imagined back in 2009. This extraordinary monetary stimulus has played an important role in the UK’s recovery. Nevertheless, the fact that the [...]
City Moves for 16 March 2015 | Who’s switching jobs March 16, 2015 Axa Assistance UK The assistance services firm has announced the appointment of Anthony Bradley as chief financial officer. He joined Axa Assistance UK in 2002, and has served as underwriting analyst, senior finance analyst, financial controller, and most recently as deputy chief financial officer. Covington & Burling The law firm has announced the appointment of [...]
IonStar founders Liz and Tim Hughes talk connecting City talent, lifeboats, piano lessons and how to make a real difference March 15, 2015 Like most couples, Tim and Liz Hughes got to the stage in life where they wanted to start a family. The challenge they faced was that, as successful professional people, they wanted to make the most of their skills and abilities – but also their family life. “Throughout my career, I’ve watched women above me [...]
Axa Real Estate adds logistics unit as online retailing expands expansion March 12, 2015 AXA REAL Estate Investment Managers yesterday launched a €100m (£70m) European logistics and industrial platform as it seeks to tap into the rise of online retailing. The French firm said Baytree Logistics Properties will operate alongside its existing €1.8bn (£1.3bn) European logistics platform targeting speculative logistics buildings in prime locations across Europe. The new platform [...]
City Moves for 05 March 2015 | Who’s switching jobs March 4, 2015 Aon Hewitt The talent, retirement and health solutions business has appointed Adrian Mitchell as partner and senior portfolio manager in its delegated consulting services team. He joins from the John Lewis Partnership Pensions Trust, where he was chief investment officer. Mitchell has also held senior positions at Proxima Alfa UK Investments, FF&P Asset Management, JP [...]
Six years of ultra-low interest rates: Where can you find income? March 3, 2015 Consider markets buoyed by QE, and remember that cash will be a lonely place for some time. It's an anniversary many UK savers will wish they never had to mark. Six years ago this month, the Bank of England cut interest rates to a record low of 0.5 per cent, as Britain grappled with the [...]
Aviva takes its client to court over an insurance contract capable of making him wealthier than the company itself March 2, 2015 Aviva France is fighting one of its clients in court over a life insurance contract that could make him a billionaire by the end of the decade. Called a Fixed Price Abitrage Life Insurance Contract, it was given to the now 25-year-old Max-Hervé George by his father when he was seven. It was the brainchild [...]
Businesses including PwC, KPMG and Axa back four-week limit on unpaid internships proposed by campaign group Intern Aware February 26, 2015 Some of the UK’s biggest businesses are backing a ban on internships which force young people to work for long periods of time without pay. Accountancy giants KPMG and PwC along with insurance firm Axa are putting their weight behind campaigner’s calls to place a four-week limit on internships which do not offer pay. Campaign [...]