Pressure grows for pension investment boost as Hunt eyes reform July 4, 2023 Pressure is growing on pension schemes to throw their weight behind reform as the Chancellor prepares to unveil a slew of measures to boost investment in private growth firms next week.
FCA: Insurers must put ‘wrongs right’ and are failing the vulnerable in cost of living squeeze July 3, 2023 Insurers are failing vulnerable customers and need to put “wrongs right” as Brits are hammered by a cost of living crunch, the Financial Conduct Authority has warned today.
Management consultants boosted by firms flocking to AI as revenues surpass £18bn July 3, 2023 Companies scrambling to unlock benefits from implementing artificial intelligence (AI) and digital tools into their business to steal a march on competitors has boosted UK management consultants’ income, a new report has found. Growing demand among firms for external experts lifted the UK management consultancy sector’s income to £18.6bn last year, up from £14.4bn in [...]
We need $100trn to hit our climate change commitments – in just six years time July 3, 2023 We have six years to find £100tn to limit global warming to 1.5 degrees and prevent further climate change, but we won’t do it without India and China, writes Nicholas Lyons
Insurers back Bank of England Brexit Solvency II reforms and new investment push June 30, 2023 Insurers welcomed proposals released yesterday detailing potential post-Brexit reforms to the EU’s Solvency II regime. The EU’s Solvency II regime imposed rules on how much capital insurers had to hold and where it could be invested. Plans to reform the regime were announced last year and are designed to unlock billions in capital from the [...]
As the Financial Services and Markets Act becomes law – here are the 5 things you need to know June 30, 2023 The Financial Services and Markets Bill received royal assent yesterday, securing the passage into law of the government’s landmark overhaul of financial services regulation. The government claims the reforms enable the UK to capitalise on ‘Brexit freedoms’, unlocking billions of pounds which could be directed to investment in the UK. In short, the act empowers [...]
Serco shares jump as outsourcer raises profit outlook June 29, 2023 Shares in outsourcing giant Serco soared over 11 per cent this morning after the firm raised its profit guidance for the year ahead on the back of rising demand for its immigration services. In a trading update this morning, the company said it expects to see underlying trading profit of around £245m, a 4 per [...]
Labour to champion green covered bonds in investment strategy, says Siddiq June 29, 2023 Green covered bonds are set to be a key plank of Labour’s investment strategy for clean energy, Tulip Siddiq is set to tell the Square Mile today. The shadow City minister is expected to outline Labour’s strategy for the clean energy industry and how the party aims to unlock billions in investment at TheCityUK conference [...]
Thames Water: City grandee and crisis specialist Sir Adrian Montague lined up as new chair June 29, 2023 Thames Water has lined up long-standing city grandee and crisis specialist Sir Adrian Montague as it new chair.
Ashes: Women’s Test follows men’s in breaking Sky Sports records June 29, 2023 The only Women’s Ashes Test of this year’s series set record-breaking broadcasting figures for Sky Sports just days after the opening Test of the men’s series did the same. The Test – the only one in the Women’s Ashes series, which is contested over all three international formats – saw a peak audience of 480,000 [...]