City Moves for 2 December 2016 | Who’s switching jobs December 2, 2016 Crowe Clark Whitehill National audit, tax and advisory firm Crowe Clark Whitehill has appointed Jim Gee as head of forensic and counter-fraud services. With more than 25 years’ experience, Jim has worked with clients all over the world in key sectors including healthcare, natural resources and insurance. He joins the firm from PKF Littlejohn. Jim was [...]
As the ONS reveals net migration stayed near record levels before Brexit, is it even possible to reduce it? December 2, 2016 Alp Mehmet, vice chairman of Migration Watch UK, says Yes. It is most certainly possible for the UK to reduce migration levels. Our vote to leave the EU gives the government an opportunity to end the free movement of workers, which is what has been driving migration from the EU. The majority (about 80 per [...]
It’s good but it ain’t enough: Auto-enrolment numbers are a “tale of two halves” December 1, 2016 Auto-enrolment of workplace pensions is failing key sections of the workforce and needs to be "re-booted", according to industry experts. The department for work and pensions today released its annual report on the country's participation in the initiative, which was an attempt to "address the decline in private pension saving and to help normalise saving". [...]
City Moves for 1 December 2016 | Who’s switching jobs December 1, 2016 NEON Neon has appointed Geoff Riddell as its new non-executive chairman. Geoff brings with him over three decades of experience in the international and London insurance markets. He is currently chairman of Pool Re, having joined its board in 2015. He previously held several senior managerial roles at Zurich, where he was chief executive and [...]
This is why insurers should be doing more M&A December 1, 2016 Insurers that complete an M&A deal are flying ahead of their peers. A year after agreeing a deal, the share prices of insurance companies have been outperforming their competitors', according to research by Willis Towers Watson, the Cass Business School and Mergermarket. Read more: Insurance premium tax has been hiked… again The group looked at all M&A [...]
Professionals providing compliance advice to insurers expect salary bump after Solvency II December 1, 2016 Compliance professionals are getting a pay rise next year on the back of new EU regulation, according to research seen exclusively by City A.M. According to the Robert Half salary guide 2017, these will be the financial services professionals getting some of the biggest pay increases next year. Read more: Salary sacrifice schemes hit in Hammond's [...]
Zoopla snaps up Technicweb and moves into connected home market as it unveils soaring profits November 30, 2016 FTSE 250-listed Zoopla Property Group announced buoyant full-year results today as well as the acquisition of Technicweb and a move into connected homes with a partnership with Neos. The figures Revenue was up 84 per cent to £197.7m, while adjusted Ebitda soared 58 per cent to £77.1m. Profit for the year was up 44 per cent from [...]
Investment trust winners of 2016 November 29, 2016 Investment trusts focused on Asia are on course to deliver some of the best returns in 2016, according to data for trust sectors. Investment trusts are an alternative to more commonly held open-ended funds or unit trusts, offering some advantages. This is explained here: investment trust v open-ended funds Here, we look at the [...]
West Bromwich Albion manager Tony Pulis ordered to pay Crystal Palace £3.8m in damages after losing High Court fight over his 2014 exit November 28, 2016 West Bromwich Albion manager Tony Pulis has been ordered to pay £3.8m in damages to former club Crystal Palace after losing a High Court fight over his acrimonious departure two years ago. The payment – thought to be one of the largest demanded from a manager to a club in English football – was upheld [...]
Barclays sells more of its non-core business, but not for as much as it might have hoped November 28, 2016 Barclays announced today it has dropped yet another of its non-core assets, this time its wealth and investment management business in Singapore and Hong Kong. Barclays completed the sale of the business, which serves high net worth and ultra high net worth clients, to the Bank of Singapore, the private banking subsidiary of Oversea-Chinese Banking Corporation. The Bank of Singapore snapped [...]