Rail union announces a week of industrial action October 24, 2022 Press Association A rail union has announced nearly a week of industrial action, including strikes in November in their ongoing dispute over pay, job security and conditions. Thousands of members of the Transport Salaried Staffs’ Association in Network Rail will strike on Thursday November 3, Saturday November 5 and Monday November 7 while members in [...]
Parliament set to scrutinise pension funds’ controversial LDI strategies October 24, 2022 The debt-fuelled investment strategies at the heart of a crisis in the pensions sector are set to be scrutinised by parliament in order to glean “lessons to be learned”, the Work and Pensions Committee announced today.
Something a little different from The MWek Company this week as our capital markets guy, Aj Rakhe, talks about a change in view in the landscape for ESG data. October 24, 2022 | Sponsored “A number of years ago, I bet that I was not the only one that turned the page, scrolled past or sighed and rolled my eyes at the mention of “ESG strategy”. I was adamant in my view (as someone who has worked within fixed income for most of my adult life) that an investor [...]
Why Tech Needs To Support Women In Menopause October 24, 2022 Brain fog leading to poor concentration, tiredness, low mood and reduced or lowered confidence: these are all symptoms of menopause that affect women at work. A CIPD survey of 1,409 women experiencing menopause symptoms was led by YouGov and found that 59% of working women between the ages of 45 and 55 who are experiencing [...]
Frasers Group increases Hugo Boss stake to £840m October 24, 2022 Frasers Group revealed it had snapped up a further chunk of shares from fashion firm Hugo Boss today taking its stake in the firm to £840m.
Santander says action needed to ‘break the spell’ of scammers October 24, 2022 Banks, government and law enforcement agencies need to work together to “break the spell” of scammers, Santander has warned. In a new report today, the lender called for more to be done to clamp down on Authorised Push Payment (APP) fraud, where customers are tricked into authorising a payment to an account controlled by criminals. [...]
AJ Bell assets dip 2 per cent despite investor surge October 20, 2022 Retail investment platform AJ Bell said its customers’ assets had dipped two per cent in the past year as volatility on the markets offset a surge in investors pouring onto its platform.
Welcome to the new world of work October 20, 2022 In 1771 a Lancastrian named Richard Arkwright opened the world’s first water-powered cotton spinning mill in Derbyshire. And not just that. To run his new-fangled factory he invented the pattern for the modern working week that has survived until today. The working day at Cromford Mill began at 6am and the shift ended at 6pm. [...]
Crypto has ‘serious deficiencies in governance’, warns Bank of England official October 19, 2022 A Bank of England official warned there are “serious deficiencies in governance” in the crypto ecosystem today as she laid out a vision for the industry to win back trust from investors.
Analysis: Keeping Triple Lock still requires £550k pension for ‘comfortable’ retirement October 19, 2022 Even if the State Pension was uprated in line with September’s inflation figure of 10.1 per cent, pension savers would still need to build up a pot of around £550,000 to ensure a comfortable standard of living in retirement, according to new figures shared with City PM this morning. The data comes amid the increased uncertainty over whether the [...]
