Hermes calls for an overhaul of chief exec pay to improve long-term performance November 14, 2016 Hermes Investment Management has called on large publicly listed companies to overhaul executive remuneration models. The company has released a paper outlining why restructuring remuneration practices helps long-term company performance and emphasising the need to address the question of fairness. The proposed reforms include publishing the ratio of chief exec to median worker pay and a [...]
Nutmeg raises £30m in latest funding round, the largest of its kind for fintech since Brexit vote November 14, 2016 Nutmeg announced today it has drummed up £30m in its latest round of funding, the largest raise in the fintech sector since the Brexit vote. The fintech pioneer will use the money from the funding round, which was lead by Hong Kong based independent financial advisory firm Convoy, to expand its product offering and rapidly grow [...]
The behavioural biases that explain why Mr Market is unruffled by Mr Trump November 14, 2016 The world is not short of comment and analysis following the election of Donald Trump as US President. In some ways, the coverage is indicative both of the result’s unexpected nature and its historical significance. It is fascinating, therefore, that an event of such magnitude has created barely a ruffle in stock markets. Step back from [...]
The Pensions Regulator rejects claims it was “too heavy-handed” in dishing out fines November 14, 2016 The Pensions Regulator (TPR) has lashed out at claims that nearly all the businesses that challenged auto-enrolment fines had them overturned. A report by payroll platform Paycircle suggested 82 per cent of businesses that pushed back on penalties imposed by TPR had them either "revoked, substituted or varied" during the last quarter. However, TPR condemned the analysis. A spokesperson said: It [...]
Affordable housing could be about to become an asset class in its own right November 14, 2016 Affordable housing could become an asset class in its own right, new research has suggested. A report published today by management consultancy CIL has suggested that, despite having historically been regarded as a challenging area for the construction industry, affordable housing now represents a significant area of opportunity for the sector and for investors. The [...]
Two-thirds of women go into lower-paid or lower-skilled jobs when returning from a career break November 14, 2016 Two-thirds of professional women return to work after a career break in lower-paid or lower-skilled roles, or working fewer hours than they'd like. According to new research from PwC, in conjunction with Women Returners and 30% Club, 427,000 UK female workers are currently estimated to be on a career break and are likely to return [...]
Success by design: City PM meets ePorta founder Aneeqa Khan November 14, 2016 For a business traversing the worlds of interior design and technology, you might expect the office of Eporta to be plush with elegant textiles, walnut coffee tables, and moody pendant lamps. But presently, it’s not. “I am someone who cares about my surroundings,” says Aneeqa Khan, founder of Eporta. “This office really isn’t nice enough [...]
Debrett’s Ask the Expert: How can I sell more effectively? November 14, 2016 Q: I work for a professional services company and my role involves tendering for new business. Despite going out with several pitches recently, my team has failed to win any new work this quarter. While we could blame Brexit fears, I worry our sales approach is letting us down. How can I ensure we sell [...]
Most fintech employees don’t value diversity in the workplace November 14, 2016 Fintech might be shaking up the financial industry with disruptive innovation, but new research suggests it hasn’t been so ahead of the crowd on diversity in the workplace. In fact fintech employees place the lowest value on diversity in the workplace of all financial services workers, according to recruitment firm Astbury Marsden. The survey of [...]
British entrepreneurs enjoyed a five-year high in opportunities ahead of the EU referendum November 14, 2016 Britain enjoyed a five-year high in opportunities for entrepreneurs leading up to the EU referendum in June, but that progress is at risk of being set back by current uncertainty. According to Barclays' Entrepreneurs Index, overall UK entrepreneurial performance is at an all-time high – up 10 per cent since 2011 and showing strong progress [...]
