Mercer slams competition watchdog for data errors in pension fund industry investigation September 25, 2018 A leading player in the pension fund industry has slammed the competition watchdog for using inaccurate data in its probe into the sector. The Competition and Markets Authority (CMA) report released in July found that there was a lack of competition in the investment consultancy which could cause "material customer detriment". The UK chief [...]
Why broadening your definition of risk might prove beneficial September 24, 2018 | City Talk Risk. Many financial commentators and industry professionals agree it is one of the most important considerations for any investor. In our review of financial media, we see near-constant coverage of it—particularly the risk of loss. Commentary often dwells on the potential for current events to drive equity market declines, warning risks lurk. We, too, [...]
Nex Exchange to appoint Oliver Hemsley as CEO next year September 24, 2018 The founder of City stockbroker Numis Oliver Hemsley will take over as chief executive of Nex Exchange next year, the challenger stock exchange confirmed today. The investment is set to be completed by the second half of this financial year, and will see current chief executive Patrick Birley step down. Read more: Oliver Hemsley seals £20m deal to [...]
British Steel owner Greybull buys majority stake in phone recycling company Redeem September 23, 2018 Investment group Greybull Capital has bought the majority stake in mobile phone recycling company Redeem. The business works with partners such as 3, Vodafone and Sky Mobile and the undisclosed amount of funding from British Steel owner Greybull will allow Redeem to renew a contract with O2 and implement its growth strategy. Read more: Millions paying [...]
Africa deserves more optimism and attention from City investors September 21, 2018 In Johannesburg last month, the Prime Minister set a new ambition for the UK to be the largest G7 foreign direct investor in Africa by 2022. Achieving that ambition won’t be easy, but for UK investors who are prepared to change their attitudes and look beyond the easy choices, there are great opportunities. I was privileged [...]
Africa deserves more optimism and attention from City investors September 21, 2018 In Johannesburg last month, the Prime Minister set a new ambition for the UK to be the largest G7 foreign direct investor in Africa by 2022. Achieving that ambition won’t be easy, but for UK investors who are prepared to change their attitudes and look beyond the easy choices, there are great opportunities. I was privileged [...]
Global league table of ‘caring’ investors: Americans more focused on sustainability than Europeans September 20, 2018 | City Talk The US is the only developed country to make the top 10 of a sustainable investment league table that gauges consumer habits and investing actions. Countries in the developing world dominated the top ten while European countries occupied the middle and lower half of the league table. The results of the Schroders Global Investor Study [...]
Frank Field questions Pensions Regulator as Kodak scheme heads to lifeboat September 19, 2018 Leading Labour MP and chair of the Work and Pension Select Committee Frank Field has demanded answers from the Pensions Regulator (TPR) over its handling of Kodak's struggling KPP2 pension scheme. Yesterday, trustees of the scheme said it was highly likely it would fall into the Pension Protection Fund (PPF), as the business is not performing [...]
Frank Field questions Pensions Regulator as Kodak scheme heads to lifeboat September 19, 2018 Leading Labour MP and chair of the Work and Pension Select Committee Frank Field has demanded answers from the Pensions Regulator (TPR) over its handling of Kodak's struggling KPP2 pension scheme. Yesterday, trustees of the scheme said it was highly likely it would fall into the Pension Protection Fund (PPF), as the business is not performing [...]
Former BHS boss Dominic Chappell claims he went ‘above and beyond’ to help Pensions Regulator September 19, 2018 The man who bought failing department store BHS for £1 in 2015 said he went "above and beyond" to assist the pensions watchdog in its enquires after the business collapsed. After Dominic Chappell's Retail Acquisitions bought BHS from Philip Green in March 2015, the business collapsed a year later, leaving an enormous pensions black hole of [...]