After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Five reasons to think twice before investing in buy-to-let March 31, 2016 You hear it all the time. A relative or a friend has just inherited some money. They want to make it work for them. So they make what seems like an ironclad financial decision: they invest in buy-to-let. Why is this so common? After all, property ownership is a relatively recent trend. Well, rental properties [...]
Allianz looking to sell its €4.5bn Italian life insurance portfolio due to interest rate pressures March 30, 2016 Insurance major Allianz is looking to sell its €4.5bn (£3.5bn) asset portfolio for life insurance in Italy. The German insurance firm, which is Italy's fourth biggest health and life insurer, has chosen Goldman Sachs to assist with the closure of various life policies, according to reports. Pressures from low interest rates have prompted the company to sell life [...]
MetLife’s share price jumps as its found to be too small to count as too big to fail March 30, 2016 Shares in US insurance giant MetLife surged today after a judge overturned the government's decision that the company is a systemically important financial institution (SIFI). The ruling to brand MetLife as an SIFI, originally brought in by the Financial Stability Oversight Council (FSOC), meant it was subjected to increased regulatory oversight and higher capital requirements. Shares climbed by five per cent [...]
Complaints to financial services firms dropped in second half of 2015 March 30, 2016 People were much happier with their financial products in the latter half of last year, or, at the very least, they were quieter about any problems they had. The number of complaints to financial services firms inched down in the last six months of 2015, mainly driven by a drop in grievances over savings accounts, figures [...]
Let’s bust the myth that women don’t like risk: It’s confidence, not appetite for risk, that women lack March 30, 2016 Among the most patronising, persistent myths about women is our supposed dislike of risk. It’s all over the world of business and finance – and is especially pernicious when it comes to looking at women and their financial security. An abundance of personal finance articles chide women for their risk aversion. “Cautious women risk running [...]
UK’s first full-service insurance provider tailored towards LGBT community launches March 30, 2016 Emerald Life has today launched as the first full-service insurance provider aimed at the LGBT community. Shunning one-size-fits-all service models, Emerald Life is launching insurance products for home, term life, wedding and pets, with travel to follow shortly, tailored towards the LGBT community's particular needs. In particular, the home and wedding insurance packages will offer legal [...]
Personal Group share price up as preliminary results for year ended December 2015 show improved revenues and profits March 30, 2016 Share price in Personal Group rose this morning after the company revealed that both its profits and revenues had grown in its results for the year ended December 2015. The company, which provides a range of employee benefit, insurance and financial services, announced that its profits before tax had grown to £10.4m, up 14 per [...]
Lifetime ISAs confusion: MPs re-open inquiry into pensions auto-enrolment after compatibility concerns raised over Lisa March 29, 2016 A government contribution of £1 for every £4 put aside for their first house or their retirement must have sounded somehow too simple to many young savers but, as some auto-enrolment experts have pointed out, that's because it might just be. The Work and Pensions Committee has today announced that it is re-opening its inquiry into [...]
Aviva doubles chief executive Mark Wilson’s pay packet to £5.6m in 2015 after Friends Life acquisition March 29, 2016 Insurance giant Aviva has doubled the pay of its chief executive Mark Wilson to £5.6m in 2015, up from £2.6m in 2014 following the acquisition on rival Friends Life. The company posted a 20 per cent rise in operating profit for 2015, along with a 15 per cent dividend hike to 20.8p. Ballooning executive pay packets have been [...]
China’s Legend Holdings on the brink of purchasing a £500m stake in London’s Pension Insurance Corporation March 29, 2016 Chinese investment company Legend Holdings is on the brink of purchasing a major stake in London-based Pension Insurance Corporation (PIC). Legend, which is also the part-owner of computing company Lenovo, is said to be in the final stages of several months worth of talks to buy a stake worth £500m in PIC, which insures the pension schemes [...]