2020 Vision: What to expect from sport this year, by industry insiders January 5, 2020 What will sport look like in 2020? We asked a host of industry experts for their predictions – and this is what they said. Neil Hopkins, global head of strategy at M&C Saatchi Sport and Entertainment Euros offer ticket to ride Football fans used to tournaments taking place in one or, at most, two host [...]
Mark Carney warns financial sector over climate change December 30, 2019 Bank of England governor Mark Carney has warned that the financial sector must stop investing in fossil fuels faster in order to avoid irreversible global warming. Carney, who will step down from his central bank role next year, said pension fund analysis showed that “if you add up the policies of all of companies out [...]
Regulator ramps up Lloyd’s of London whistleblowing monitoring December 23, 2019 The Bank of England has ramped up its monitoring of Lloyd’s on London’s whistleblowing processes, it said today. The Prudential Regulation Authority (PRA) announced the insurance market had agreed to extra checks. Read more: FCA head Andrew Bailey confirmed as next Bank of England governor In February, Lloyd’s told the PRA its only anonymous whistleblowing [...]
Insurer LV shifts focus to pension provision with new boss December 20, 2019 Pension provider LV has today announced a new chief executive as it shifts its focus away from insurance to savings and retirement. Mark Hartigan will move to the company from Zurich Insurance group. Current CEO Richard Downey this year lead the sale of LV’s general insurance division to Allianz and will step down at the [...]
Here’s to another 10 years of City success December 20, 2019 It has been a decade of great upheaval for the City. January 2010 saw the UK economy just starting to come out of recession, with unemployment at its highest in 15 years, and a raft of regulations and inquiries into the financial services sector imminent, not to mention an election that would mark the start [...]
The economics of gift giving: It probably isn’t worth it December 20, 2019 It is Christmastime, which means that on Tuesday I will be frantically rushing around doing some very last-minute shopping and attempting to wrap presents. I have a pretty good idea what I’m going to buy people this year, although my young nieces are proving to be particularly tricky. As I’ve never been a four-year-old girl, [...]
Queen’s Speech promises wide-ranging public spending December 19, 2019 A wide ranging Queen’s Speech has set out the government’s plans to boost NHS spending, slash business rates, implement stricter prison sentencing and to leave the EU. Queen Elizabeth’s second state opening of parliament in three months began with the government’s promise leave the EU by the end of January. Read more: NHS to be [...]
Sun Life to buy Infrared Capital for £300m December 18, 2019 Canadian insurance giant Sun Life has announced it will buy a majority stake in London-based infrastructure and real estate investment manager Infrared Capital. Sun Life will buy an 80 per cent stake in Infrared Capital for £300m, with Infrared’s owners retaining the option to sell their remaining stakes to Sun Life four years after the [...]
Co-op owners sound out potential buyers December 18, 2019 The hedge fund owners of the Co-op Bank are reportedly on the hunt for potential buyers. Two-and-a-half years after the lender was rescued from collapse, the US investors which took control of the Co-op have started holding talks with possible bidders, according to Sky News. The broadcaster cited sources as saying that several British retail [...]
Bank of England to set up climate change stress tests December 18, 2019 The UK’s top banks and insurers may be tested together in 2021 for the financial impact of climate change, according to a new Bank of England paper. The tests would include three different scenarios and would assess how firms would deal with more frequent weather events and mass sell-offs of “brown assets” – those considered [...]