Private equity group Abraaj closes London office as cost-cutting continues September 11, 2018 Dubai-headquartered private equity giant Abraaj is closing its London office as part of cost-cutting measures ahead of the sale of its fund management unit. Liquidator PwC confirmed the closure of the company's Mayfair base and said it is part of normal money saving activities during an insolvency process. Read more: TGI Friday’s private equity owner Electra ends buyout talks The [...]
Six warning signs for fund investors September 11, 2018 | City Talk Knowing when to avoid or sell a fund can be tricky. Rob Morgan highlights some of the warning signs Charles Stanley’s Collectives Research Team look out for and how they spot them. Fund manager change This is probably the most obvious warning sign, but it doesn’t necessarily make the fund a ‘sell’. Many funds [...]
Pension schemes urged to be transparent about whether they’re making ‘socially responsible’ investments September 11, 2018 Savers will be able to easily check whether their pension is being invested in ethical or environmentally friendly investments in new measures outlined by the government today. Regulations expected to be brought in this week will require trustees of schemes to disclose where people's savings are going. Pension scheme members will be able to see [...]
Commute, coffee, after-work drinks: Londoners spend the most money on work-related expenses September 10, 2018 How much did you spend on your lunch today? What about after-work drinks? And getting home? If you’re making daily trips to a trendy new sandwich bar every lunchtime, it might be time to rethink your spending: according to new data, Londoners have the priciest work-related outgoings in the UK. While the average Brit spends [...]
Debate: Given concerns that pension transfers are too generous, should people be allowed to cash out of defined benefit schemes? September 10, 2018 Given concerns that pension transfers are too generous, should people be allowed to cash out of defined benefit schemes? Yes – Steve Webb is director of policy at Royal London For most people who have built up valuable pension rights in a salary-related pension scheme, leaving their rights in the scheme will be the best [...]
One in five FTSE 350 firms still aren’t transparent about their pension deficit September 10, 2018 One in five of the UK's 350 biggest firms are still are not disclosing the funding position or surplus of their defined benefit (DB) pension scheme. Though that represents a major drop from 2016, when the figure was over two-thirds (67 per cent), the figures from Lincoln Pensions highlight the continuing issue with transparency around [...]
Family-owned businesses ‘outperform’ peers in all sectors September 10, 2018 Family-owned businesses outperform their peers across all regions and sectors, and deliver stronger revenue growth and higher profitability, according to new data published today. A longer-term outlook, less of a reliance on external funding and investing more in research and development are all contributing factors to the success of family or founder-owned firms. Read more: [...]
The winners of the 2018 Wealth & Money Management Awards September 10, 2018 | Sponsored Imperium Investments have received two awards at the 2018 Wealth & Money Management Awards. The company received the title of Best Wealth Management Firm – South-East England. They also received the Award for Excellence in Social Impact Initiatives. Returning for the 5th consecutive year, the 2018 Wealth & Money Management Awards are dedicated to rewarding [...]
Investment fund Third Point plans to oust Campbell board September 7, 2018 US investment fund Third Point has revealed plans to oust the entire board at food brand Campbell. Billionaire hedge fund boss Daniel Loeb, who is pursuing a sale of the brand, wrote to the board today to inform them that the fund, which owns a 5.65 per cent stake in Campbell's Soup, would nominate 12 people for [...]
Activist hedge fund Elliott demands restructure at Hyundai Motor Group September 7, 2018 Activist hedge fund Elliott Management has made proposals to restructure Hyundai Motor Group (HMG), after forcing the car manufacturer to abandon its plans. Elliott, which holds $1.5bn (£1.16bn) of shares in the group, has called on Hyundai to install a committee to steer restructuring plans and discuss shareholder returns and board makeup. Read more: UK [...]
