Aviva chief Amanda Blanc tells MPs of ‘appalling’ reports of misogyny in financial sector December 14, 2023 Chief executive of insurance giant Aviva Amanda Blanc has told the Treasury Committee she has heard from "hundreds" of women who have faced misogny while working in the financial sector, as MPs investigate sexism in the Square Mile.
Apollo weighs bid for Pension Insurance Corp December 13, 2023 Apollo weighs bid for Pension Insurance Corp.
City at risk of ‘policy overload’ as government pushes through reforms says FCA chair December 12, 2023 City firms are facing the risk of “policy overload” as the government pushes through a slew of reforms to the rules around the financial services sector, the chair of the Financial Conduct Authority warned today.
Chemring: British defence giant has record orders amid increasing global uncertainty December 12, 2023 Aerospace and defence group Chemring has today announced a record order intake for the year ended 31 October amid booming demand
The Notebook: What I want for Christmas? Politicians to stop tweeting December 12, 2023 City A.M. comment writer Anna Moloney talks Twitter politics, crime at Christmas and Madonna's Celebration Tour.
Lawyers warn regulator will want to send a strong message over non-financial misconduct December 11, 2023 There has been an uptick in firms facing scrutiny over non-financial misconduct, say lawyers, and this won’t be slowing down anytime soon they have warned. James Alleyne, legal director at Kingsley Napley noted, “non-financial misconduct is clearly a priority for the FCA.” He added: “regulated firms are certainly more conscious than ever about staff behaviour [...]
US-UK special relationship? It’s London and New York firms keeping it alive December 11, 2023 London and New York are twin pillars of the global financial system, we gain everything from helping each other, writes Chris Hayward.
FCA proposes simpler financial advice to cut costs for consumers December 8, 2023 The Financial Conduct Authority has proposed simplifying rules on financial advice to allow banks, insurers and investment firms to give information to less wealthy customers without having to comply with stringent safeguards that bump up fees.
Insuring electric vehicles is hugely expensive – and that might not change soon December 8, 2023 Insurers are facing a major dilemma over how to handle the huge cost of covering electric vehicles (EVs). Are they doing enough?
Consistency, not speed is more important to save the City from stagnation December 8, 2023 The UK is attractive for investment because of the stability of our regulatory system - we shouldn’t lose the value of this for the sake of meeting artificial deadlines, writes Karim Haji