CEOs should get out of the board room spend time on the shop floor October 2, 2018 In a recent study, nearly 80 per cent of consumers stated that the average brand doesn’t understand them. This hints at a worrying disconnect in business, particularly at a time when changing attitudes among consumers and workforces mean leaders should be connected to what is going on outside of their office door. The day-to-day demands [...]
New rules to improve standards of master trust pensions forces 30 schemes out of market October 1, 2018 New rules which have come into force today aimed at improving standards with master trust pensions have led to 30 schemes leaving the market. From today, master trusts, schemes which bring pensions held by multiple employers under the same board of trustees, will need authorisation from The Pensions Regulator (TPR) to ensure they meet new standards [...]
Prudential appoints Just Eat chair ahead of demerger October 1, 2018 The UK's largest listed insurer Prudential has hired Just Eat chairman Mike Evans ahead of the demerger of its life insurance and asset management unit, M&G Prudential. Evans brings more than 36 years of experience in the savings and investments sector to the role, having previously worked as chairman of stockbroker and financial services firm Hargreaves Lansdown and chief executive of Skandia. He will [...]
How London can fend off the European hotspots vying for its fintech crown October 1, 2018 Flash back to the immediate aftermath of the Brexit vote. “London has committed suicide as a leading fintech centre,” tweeted Traxpay, a German payments platform. Catchy advertising urged startups to “keep calm and move to Berlin”. Read more: Meet the startups in the Treasury-backed Tech Nation fintech accelerator Over two years later, and it’s French [...]
DEBATE: Is Elon Musk’s erratic behaviour just the price we need to pay for brilliant entrepreneurs? October 1, 2018 Is Elon Musk’s erratic behaviour just the price we need to pay for brilliant entrepreneurs? Kathy Gromotka, associate at Downing Ventures, says YES. We back entrepreneurs because we buy into their desire and ability to behave in a way that creates value, whether they’re a star in the spotlight or operating in stealth mode. Elon [...]
Responsible business isn’t a fad – it’s at the heart of how the City operates October 1, 2018 Being a responsible firm is now an essential part of everyday business for many companies, with this ethos engrained in the culture, purpose, and day-to-day activity, rather than as a separate initiative. This is a great step forward from the picture 10 years ago – and progress is continuing. Last week was a big week [...]
Startups: Would-be entrepreneurs put off by ‘complexity’ of starting own business October 1, 2018 Thousands of young people are being put off from setting up their own businesses, putting Britain's startup revolution at risk, a report has warned. The Great British Enterprise Opportunity report, by former Bank of England economist Steve Hughes, also called for digital education to be prioritised by the government to give people the necessary skills [...]
City Moves for 1 October 2018 – who’s switching jobs at Deloitte, Cambridge Economic Policy Associates and Bailey Montagu Executive Search? October 1, 2018 Today's City Moves cover advisory, consulting and executive search. Take a look at these movers and shakers: Deloitte Deloitte has appointed Chris Graves as a partner in its advisory corporate finance practice. Chris will lead the firm’s technology, media and telecoms (TMT) mergers and acquisitions (M&A) team. Chris joins Deloitte today from GP Bullhound, the [...]
The guardians of the art industry: How a former trader is giving old buildings a new lease of life September 28, 2018 Scott Franklin is like the popular kid at school. When the former City trader shows me around the renovated Victorian warehouse in Clerkenwell, everyone we pass seems pleased to see him – which strikes me as unusual for someone whose role resembles that of a landlord. Franklin, who is the founder of Property Guardian [...]
