UK set for biggest tax rise in at least 50 years with £40bn raid October 7, 2023 The UK is on course to see its biggest tax rise in at least 50 years as a result of the freeze on personal thresholds and soaring inflation.
Aviva share price soars as takeover speculation swirls October 6, 2023 Aviva shares soared by around 10 per cent this morning, spurred by fresh but unconfirmed reports it could be the target of a takeover bid from a foreign buyer.
FTSE 100 close: London ends week higher after US jobs growth smashes forecasts October 6, 2023 London markets opened higher this morning despite a fall in house prices for the sixth consecutive month in a row.
Outgoing City of London Lord Mayor Nicholas Lyons will return to Phoenix Group as chair October 4, 2023 The outgoing City of London Lord Mayor Nicholas Lyons will return to insurance giant Phoenix Group as chair, when his term ends next month. Lyons will resume his role with FTSE100 pension firm following a sabbatical for his mayoralty, which ends in November. He will be made chair of the board of directors on 1 [...]
Insurers to face Bank of England’s ‘dynamic’ stress tests from 2025 October 3, 2023 Insurance firms will be subject to "dynamic" stress tests from 2025 as the regulator seeks to ensure the sector remains financially secure in the face of major regulatory changes.
Trouble insuring electric vehicles threatens green shift, experts warn October 2, 2023 Insurers are facing huge challenges in handling electric vehicles (EVs), experts have warned.
Tough new US tech laws could open up a whole new UK market October 2, 2023 The US, known for its friendly approach to tech, is looking to toughen up rules against Web3 and blockchain technologies, giving the UK a fresh chance to seize billions worth of investment, writes Iain Mansfield
Taxman doubles amount of unpaid tax recovered from UK football clubs October 2, 2023 HMRC more than doubled the amount of unpaid tax that it recovered from UK football clubs in the past year as part of a crackdown on the sport.
Solvency II: When will the post-Brexit investment bonanza arrive? September 29, 2023 When Rishi Sunak pointed to a once obscure piece of prudential regulation during a leadership debate last year, it felt to many in the City like a watershed moment.
Science at the heart of the square mile September 29, 2023 The modelling started with Hurricane Andrew,” Oriol Gaspa Rebull tells me about the forecasting work Aon does to measure the risk of so-called ‘catastrophic’ events. That 1992 hurricane, which did extraordinary damage to South Florida, woke the industry up to the increasing severity of weather events. Every ‘event,’ of course, leaves insurers on the hook, [...]