Retirement villages extend life expectancy for women March 7, 2019 | City Talk Retirement villages can boost the longevity of women by as much as five years compared to the general population, according to a new Cass Business School report. Analysing 100 years’ worth of residents’ records from the Whiteley Homes Trust, a retirement village in Surrey which opened in 1917 to provide housing and support for people [...]
DEBATE: In light of this week’s Access to Cash Review, is the UK ready to go cashless? March 7, 2019 In light of this week’s Access to Cash Review, is the UK ready to go cashless? Abhijit Deb, head of banking and financial services (UK&I) at Cognizant, says YES. From contactless card technology to smartphone payments, we have seen innovations draw much of the public away from cash to new methods. Convenience is obviously a big [...]
Schroders profits fall 15 per cent on weak investor sentiment March 7, 2019 Schroders saw profit drop 15 per cent last year as the asset management giant was hit by weaker investor sentiment due to political and economic uncertainty. The figures Profit before tax fell 15 per cent to £649.9m from £760.2m in the 12 months to the end of December last year. Read more: Schroders and Lloyds [...]
UK and Turkey launch joint initiative to develop Islamic fintech March 7, 2019 The UK and Turkey have launched a new joint initiative to develop digital financial technology in the Islamic world. Firms hope to open financial services to the “unbanked population” through cooperation in the Islamic fintech market. Read more: Five fintech trends to watch in 2019 A report by the UK-Turkey Islamic Finance working group, which [...]
Fearless girl statue who faced down Wall Street bull comes to London Stock Exchange March 6, 2019 The “fearless girl” statue, which was was installed on Wall Street in 2017 facing down the statue of a charging bull, has come to London to mark international women’s day. The bronze statue was installed today in Paternoster Square against the backdrop of St Paul’s Cathedral and adjacent to the London Stock Exchange. Read more: High-earning [...]
London salaries grow as companies compete for talent March 6, 2019 The average salary for new roles in London in February has grown 2.1 per cent year on year, in a sign that the labour market is tightening, new figures suggest. Salaries increased by £827 in real terms for workers in the capital, with average wages rising from £38,892 in February 2018 to £39,719 in February 2019, a [...]
How savers can use an Innovative Finance Isa to reap the rewards from the property market March 6, 2019 "If things go wrong (and they can), then a property-backed Isa at least means that there is a tangible asset that can be sold to recover your money,” says Frazer Fearnhead, chief executive and founder of property peer-to-peer lending platform, The House Crowd. “While it’s not a guarantee, it does mean that the secured property [...]
How to use an Isa to invest in peer-to-peer loans March 6, 2019 Since peer-to-peer (P2P) lending platforms began to enter the market in 2005, savers have used the services to hand out more than £10bn to borrowers. Aside from providing a significant boost to the UK economy, P2P offers attractive interest rates to lenders by cutting the banking sector from the borrowing process. The Innovative Finance Isa [...]
From funding pub refurbs to legal costs, here are some unusual Isa investments on offer March 6, 2019 Nobody wants to put their hard-earned savings into rubbish assets. Unless, that is, you want to use your annual Isa allowance to invest in an eco-friendly waste processing facility. This is just one of the esoteric investments available to subscribers of the Innovative Finance Isa (IFISA), which lets investors lend to businesses in search of returns. [...]
IFISA investments in local businesses mean you can support your community in exchange for attractive returns March 6, 2019 There is an old saying that goes: “Neither a borrower nor a lender be.” Originally taken from Shakespeare’s Hamlet, the line is about the risks of lending or borrowing money from your friends, because you might lose both the money and the friendship. Over time, the saying has morphed into a piece of general financial [...]
