After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
New business in the medically underwritten bulk annuity market has continued to grow to £1.2bn in 2015 April 18, 2016 Apparently, bulk annuity deals are just what the doctor ordered. The medically underwritten bulk annuity (MUBA) market pulled in over £1bn in new business last year, according to figures released today. The analysis by JLT Employee Benefits found that the value of new business in the MUBA market grew to £1.2bn in 2015, up from £540m [...]
Industry experts join forces in fight against confusing pensions jargon April 18, 2016 A group of pension experts has decided enough is enough for jargon and have today clubbed together to clean up the language of the industry. The Association of British Insurers (ABI) is heading up a Pensions Language Steering Group formed of bodies from government, industry, regulators and consumer groups. Names on the list include the Financial Conduct [...]
The EU Audit Directive – trying to make sense of it all and what it means for businesses and their accountants April 17, 2016 Time is running out before implementation of the EU Audit Directive on 17 June 2016. The Directive will have a significant impact on audit and advisory firms and the way they operate with Public Interest Entities (PIEs). Both companies and the audit and advisory firms need to plan for this change, and be ready for the final UK [...]
HSBC’s chief executive Stuart Gulliver standing down in two years, with Axa’s Henri de Castries hotly tipped as new chairman April 17, 2016 Stuart Gulliver, the chief executive of banking giant HSBC, looks set to stand down from his role in two years. The bank revealed in a letter to its shareholders last month that the new group chairman, who will be joining once current chairman Douglas Flint steps down, will be heading up the search for a new [...]
Are global banks in trouble? These three charts show which lenders are suffering the most April 15, 2016 Better than expected results for Citi Group rounded off a week during which banks in the US reported slumped results, while the IMF and consultancy KPMG questioned the financial recovery. “Expectations were for $1.05. We got $1.10,” said Joshua Mahony, Market Analyst at IG, a global leader in online trading of the per share value. “People [...]
QBE to sponsor British Lions on 2017 tour of New Zealand April 15, 2016 The British Lions will be sponsored by business insurer QBE on their tour of New Zealand in 2017. QBE has inked a deal with the team to become a principal partner on the Lions' daunting trip to face the All Blacks, winners of last year's Rugby World Cup. Read more: QBE’s David Hall on how insurers [...]
LV boss Mike Rogers to step down after a decade at the helm April 15, 2016 The chief executive of the UK's largest friendly society LV is stepping down after 10 years in the role. Mike Rogers is expected to stay on until early next year as he oversees a transition to his replacement. LV heralded his many achievements over the decade at the helm, saying he had "completely reshaped and refocused [...]
Britain’s nineteenth century tax system is breaking under twenty-first century strains April 15, 2016 Politicians have noticed (perhaps belatedly) that they have been fiddling with a nineteenth century tax system while taxpayers have been operating in the twenty-first century. The existing tax system is a result of years of tinkering, reflecting the influence of political views and special interest lobbying. This has created vast complexity. We could look to [...]
Three technologies which will change the world April 14, 2016 “Disruptive technologies” – a phrase we are hearing increasingly, but what does it mean for infrastructure and the world around us? How and when should we – business, industry, engineers, policymakers, academia– respond and how do we keep up? New technologies are emerging at a seemingly relentless pace. The McKinsey Global Institute’s definition spells it out. Disruptive [...]
Law firms Reed Smith and Pepper Hamilton confirm merger talks April 14, 2016 The transatlantic law firm mergers and acquisitions (M&A) space is heating up. Reed Smith, which was founded in Pittsburgh in the United States but has its biggest office in London, has confirmed it is in talks to merge with Philadelphia-based Pepper Hamilton. Read more: Why companies need to tackle "cultural clashes" for M&A success "Based on these preliminary discussions, we [...]