This pensions giant has just warned downsizing your home to fund your retirement is a terrible idea July 18, 2016 Planning on downsizing and relying on what's left over to fund your retirement? Don't bother, Royal London has warned. Get a pension instead. According to the pensions and investment giant, roughly three million people of working age are planning to use the value of their home to fund their retirement. But a new report by the [...]
Brexit bonus predicted for investors after sterling devaluation July 18, 2016 Sterling’s devaluation after Brexit is set to boost UK dividends by £4.3bn in 2016, according to new research. Two-fifths of dividends paid by UK-listed companies are declared in dollars or euros and, because the pound has fallen after the EU referendum result, these payments will be converted at a weaker exchange rate. Capita Asset Services’ [...]
Here’s how much the typical millennial will earn over their lifetime – and why Brexit could make it even worse July 18, 2016 The typical millennial earned £8,000 less during their 20s than the previous generation, a new report has suggested. Figures by think tank the Resolution Foundation suggested the younger a millennial is (it's a pretty wide definition – anyone between 15 and 35), the less they're likely to have earned during their 20s. In fact, the [...]
City is “still slightly stunned” by “really bad news” of Brexit, says chief exec July 18, 2016 Brexit is “just really bad news”, the chief executive of Old Mutual Global Investors (OMGI) has said. Richard Buxton also denied there was any “doom-mongering” in the run-up to the vote – “because it is absolutely going to be horrible”. Read more: Old Mutual becomes the next company to wave away Brexit Defending Bank of [...]
Another fintech startup – MarketInvoice – shakes off Brexit with millions in new funding July 18, 2016 Peer-to-peer lender MarketInvoice is another startup shaking off Brexit with a new multi-million pound round of funding as it nears the £1bn lending milestone. The London firm has raised £7.2m, led by Polish venture capital and private equity firm MCI Capital through its TechVentures Fund with further cash coming from existing investor Northzone, which boasts previous invesmtents in Spotify [...]
The chief executive of Sempertex explains how he came to head up the third-largest latex balloon manufacturer in the world July 18, 2016 Before his “epiphany” in 1978, Oswald Loewy had been studying chemical engineering. “One day, I suddenly realised that it was time to return home and work in the family business. My father was unwell and, although I’m one of seven, I was the eldest – the others were too young to help.” Now middle-aged, the [...]
Debrett’s Ask the Expert: There are ways to discuss the referendum, religion, politics – even if your view is different to most of your colleagues July 18, 2016 Q: When discussing certain topics with my colleagues I often find that I’m the odd person out. While I’ve tried to stay away from debating the usual hot topics such as politics or religion, the recent referendum and its consequences mean I’d have to play deaf, dumb and mute to dispel an office ambush. Should [...]
These are the roles most likely to get the chop following a merger July 18, 2016 If your company is going through a merger, research out today suggests you might want to polish off your CV if you have a boardroom position in charge of cash or computers. The study by DHR International discovered 43 per cent of director-level jobs are dropped from companies a year after they merge, with technology and [...]
Ageing small business owners urged to focus on succession planning July 18, 2016 Small business owners could be risking their financial future by failing to adequately prepare for retirement, according to an accountancy firm. With the average age of directors at the UK’s small and medium-sized companies nearly 55, and one-third over 60, Moore Stephens has raised concerns too few are putting the time and effort into managing [...]
Lessons from bankrupt footballers: They earn megabucks but are likely to squander it all. What can we learn from their mistakes? July 15, 2016 They earn megabucks but few actually make a decent plan for their post-working lives. While we’re not all multi-millionaires, everyone has something to learn from their mistakes, explains RBC’s Jonathan Gold. Modern football is synonymous with wealth, whether through its astronomical wages or lucrative sponsorship deals. But young players are often making a Faustian bargain [...]
