State pension: Government extends National Insurance top-up contribution deadline March 7, 2023 The government has confirmed the deadline for filling gaps in state pension National Insurance (NI) contribution records will be extended from 5 April 2023 to 31 July this year The April deadline applied to back payments from 2006, but concerns had been raised people were struggling to get through to jammed HMRC phonelines. The update [...]
Just Group profits on pensions buyout boom as rising interest rates drive record deals March 7, 2023 Just Group today said the boom in pensions buyout deals had helped boost its underlying profits by 19 per cent. The Surrey firm completed 56 pensions de-risking deals, worth £2.6bn, successfully profiting on the pension’s buyout boom. Higher interest rates over the previous year have improved pension scheme funding levels, in a shift that has [...]
Sniffy frustrations at Solvency II reforms betray Bank’s out-of-touch approach March 6, 2023 Regulation is a risky business – pun intended. Reducing the possibility of something going completely Pete Tong is at the heart of the work of all of the City’s rulemakers, but it should not be the be-all and end-all. It is this trap into which the Bank of England and its Prudential Regulation Authority appear [...]
Starbucks faces pressure from German giant Allianz to overhaul approach to unions March 6, 2023 Starbucks today faced mounting pressure over its approach towards unions after German financial services giant Allianz vowed to back a push to force the coffee seller to overhaul its labour policies. Allianz GI today vowed to support an investor resolution calling on Starbucks to overhaul its approach to workers’ unions, following concerns about the coffee [...]
Could A 4 Day Work Week Be Coming To Your Workplace? March 6, 2023 Four day work weeks have long been hailed as the future of work. But are we ready for such a monumental change in our working patterns and schedules? Earlier this month, 4 Day Week Global released its 2023 report, the contents of which have created quite a bit of debate across the fintech industries. The [...]
UK’s post-Brexit Solvency II reforms will increase risk of insurers collapsing… by just 0.1 percentage points March 6, 2023 The Bank of England today warned the UK’s planned Solvency II reforms could increase the risk of insurers collapsing… by just 0.1 percentage points. In a letter published today, the BoE’s governor Andrew Bailey said the UK government’s plan to overhaul the EU’s rules will increase the risk of life insurers collapsing by 20 per [...]
M&G set to be quizzed on takeover as Square Mile rumours swirl March 5, 2023 Bosses at asset management and insurance giant M&G are set to be quizzed by investors over a potential takeover swoop from Australian financial services Macquarie this week, as the firm updates the City with its full year results on Thursday. The update will mark chief executive Andrea Rossi’s first update at the helm of the [...]
Instead of talking our economy down, we should commend its resilience over the past year March 3, 2023 If the UK economy managed to avoid two successive quarters of GDP decline last year, it will fight as hard this year. It will also win more easily, writes Savvas Savouri
Celebrating the Square Mile: Full list of winners at City A.M. Awards 2023 March 2, 2023 The great and the good of the Square Mile gathered for the annual City A.M. awards in the Guildhall on Thursday evening. The winners – drawn from right across the City – were rightly feted, having gone through a rigorous shortlisting and judging process to stand on the stage with host Julia Streets and City [...]
The City A.M. Awards: A glittering night in the Square Mile March 2, 2023 The great and the good of the Square Mile gathered at the Guildhall on Thursday night for the annual City A.M. awards – with Aviva boss Amanda Blanc walking away with the coveted ‘personality of the year’ award. Blanc’s award came at the end of an evening of celebrations and speeches – with the afterparty [...]