Hunt confirms Tory commitment to pensions triple lock March 24, 2024 Chancellor Jeremy Hunt confirmed today that the pensions triple lock will be renewed if the Conservatives win the next election.
Mansion House reforms could deliver ‘huge benefit’ to UK, says pensions giant finance chief March 22, 2024 "If the rules and regulations allow us to change that that could be a huge benefit. What we're working on, is how do we actually facilitate and make this happen?"
Direct Line brings back dividend but warns there’s still work to be done March 21, 2024 Insurer Direct Line has posted an annual operating loss of £189.5m as it battles claims inflation, while looking to achieve £100m in annualised cost savings by the end of 2025.
Asset manager M&G tops City expectations as firm remains ‘on track’ for its 2025 targets March 21, 2024 "M&G has performed very well in 2023," Andrea Rossi, the firm's chief executive said.
Government borrows more than expected in February, but on track for lowest annual total in four years March 21, 2024 The borrowing figures are the first since Jeremy Hunt's Spring Budget, in which he cut National Insurance by a further 2p.
Prudential hikes dividend thanks to profit growth following ‘relentless focus’ on new strategy March 20, 2024 The Asia-focused insurer announced a second dividend of 14.21 cents per share, making a full year dividend of 20.47 cents.
50 City Businesses Gather to Discuss Breaking Down Bias in the Workplace March 20, 2024 Over 50 businesses joined The Lord Mayor Alderman Professor Michael Mainelli and The Lady Mayoress Elisabeth Mainelli last week to break down socioeconomic bias in the City. At the first Power of Inclusion workshop of 2024 hosted by Howden Insurance UK, senior leaders and City representatives shared personal experiences of tackling bias and discussed what [...]
Minister: Cyber brings ‘risks we can’t ignore’ with UK firms still vulnerable March 20, 2024 Three quarters of medium and large sized businesses were hit by a cyber attack in the past year, according to new government figures.
City firms face increasing regulatory burden from post-Brexit overhauls March 20, 2024 City firms are facing increased regulatory pressure, according to new data shared exclusively with City A.M., as the UK and EU diverge on financial services rules.
UK drivers priced out of owning Chinese electric cars due to ‘sky high’ insurance costs March 20, 2024 The UK insurance industry is facing “real challenges” in covering Chinese electric vehicles, as sales of the models surge in the West.