Trader sues UBS over stress induced mental health issues September 22, 2021 A UBS Group trader is suing his employer claiming the “toxic” London work environment and “punishing workload” caused his mental health to deteriorate. Simon Rope, who has been unable to work since suffering a breakdown in 2018, is claiming upwards of £200,000 for negligence over an anxiety disorder which was caused by “the stress to [...]
Three companies that are on hiring sprees at the moment September 22, 2021 Are you on the lookout for a new job at the moment? How exciting! There are some really cool companies out there looking for talent right now, so you’re in luck. We had a little look on our job board and noticed three companies in particular that seem to be on a bit of a [...]
Exclusive: HMRC disbands ‘secret’ unit that probed family investment companies September 22, 2021 A dedicated unit within HMRC that focused on family investment companies has been disbanded, City PM understands. A source within HMRC confirmed this afternoon that the ‘secret’ specialist HMRC unit, which was set up in 2019 to investigate risks associated with family investment companies and tax avoidance risks, has been wound up. The primary reason [...]
TradingView hits 550m unique users amid retail investor boom September 22, 2021 TradingView has seen its user base surge after Covid-19 lockdowns encouraged non-professional investors to trade from the comfort of their own homes. The website, which provides retail investors with market data and insights, reported a 400 per cent jump in membership accounts and a 237 per cent increase in visitors over the past 18 months. [...]
Legal giant Ashurst: One in three of our new recruits will have ethnic minority background September 22, 2021 International law firm Ashurst has announced wide-ranging diversity targets for both its global and UK offices to reach in the next five years. The new targets expand the company’s focus areas to include more LGBTI+ representation, gender equality and ethnicity targets in the UK. In its UK offices, Ashurst aims for 35 per cent of [...]
Government’s ‘human error over many years’ to blame for UK pensioners underpaid by £1bn September 22, 2021 An investigation by the UK’s spending watchdog has found that “repeated human errors over many years” were to blame for the fact the Department for Work & Pensions (DWP) underpaid 134,000 pensioners over £1 billion in state pension. According to the National Audit Office (NAO), these errors occurred due to complex state pension rules, outdated [...]
State pension scandal: Human errors led to £1bn in underpayments for 134,000 Brits September 22, 2021 Repeated human errors led to more than £1bn-worth of state pensions being underpaid, the UK spending watchdog said this morning. Around 134,000 pensioners were underpaid, the Department for Work and Pensions (DWP) said, adding it plans to pay an average of £8,900 to people affected, the National Audit Office (NAO) said. Most of those affected [...]
City Moves: Who’s switching jobs in the Square Mile today? September 22, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email [email protected] to be featured. LEXI Finance appoints former CBRE director Real estate capital advisory LEXI Finance has poached a debt advisory lead and former associate director from commercial real estate and investment firm CBRE. Joining LEXI’s Mayfair office as a [...]
PensionBee boss: UK is ‘painfully unaware’ when it comes to pension options September 21, 2021 Legislation dating back almost two decades is contributing to a general inertia in the UK when it comes to pensions and is holding people back with their financial planning, according to online pension provider PensionBee’s CEO Romi Savova. “As a society, we are painfully unaware of the huge benefit that our pensions will have for [...]
Wise launches cross-currency investment feature for UK customers September 21, 2021 British fintech giant Wise has entered the retail investing space with its new feature “Assets”, which allows UK account holders to invest in stocks across 54 currencies. As of today, individuals and businesses holding Wise accounts will be able to hold their money as stocks and use Assets to invest in BlackRock’s iShares World Equity [...]
