Defined benefit pension scheme deficits break £300bn mark, as uncertainty surrounding a potential Brexit grows June 1, 2016 The level of funding across defined benefit (DB) schemes has worsened over the last year, figures out today show. According to the analysis by JLT Employee Benefits, the total deficit across all private sector DB schemes has increased to £310bn at end of last month, up from £255bn the same time the year before. "Pension [...]
This London startup claims it’s launched the first ever working blockchain platform for financial institutions June 1, 2016 A London startup which boasts the former chairman of Barclays bank on its board has launched a new blockchain platform for financial institutions which it claims is the first of its kind. Several organisations are in the race to build a distributed ledger platform with blockchain technology, which can be used across the industry for processing transactions more quickly and [...]
Before the bell: What you need to know before the US market open June 1, 2016 The Organisation for Economic Co-operation and Development (OECD) has warned that Brexit would play havoc with the global economy and Japan's Prime Minister Shinzo Abe says the country will get fresh new stimulus in the Autumn. Here's what you need to know before the market open at 14:30 London time. US indices are pointing the wrong way in the pre-market. [...]
June 1, 2016 Forget millennials – a new generation is graduating this year, and is about to be unleashed onto the workforce. Get ready for Generation Z. Born in 1995, this is the first generation which has been exposed to technology from birth. But what will they do once they graduate? CareerCast thinks it has the answer. According
How one set of bean counters is addressing chief executives’ big fears June 1, 2016 After half of chief executives let slip to them in a recent survey that they were concerned about their readiness to respond to a crisis, PwC has come up with a solution. The professional services giant has today launched a new global crisis centre, which will pool together the most experienced talent the firm has for [...]
Here’s what flexible working has done to businesses’ bottom lines June 1, 2016 If the Monty Python crew had made a film about the modern-day office, they might ask what flexible working has ever done for us – apart from bucking up employer brand, bolstering productivity and boosting businesses' bottom lines, that is. A survey released today by Vodafone discovered that three-quarters of companies around the world have [...]
City PM Unregulated podcast: Ann Summers founder Jacqueline Gold on how to put sex in the City June 1, 2016 What does it take to turn a chain of seedy stores into the UK's best-known lingerie and erotica retailer? Jacqueline Gold CBE, the founder of Ann Summers, explains how she transformed the business from four shops to more than 140 locations – as well as her setbacks, including the time she received a bullet in the [...]
Should you invest in crowdfunding? June 1, 2016 From craft beer to knitting and films, crowdfunding allows you to invest in the things which matter to you. It’s grown massively in the last five years and revolutionised the possibilities for start-up businesses. Rather than rely on friends for their generosity, or wait months for a bank to say no to a loan, entrepreneurs have [...]
Ann Summers chief executive Jacqueline Gold: BHS no longer had a place on the high street May 31, 2016 The chief executive of Ann Summers has given a damning verdict on BHS, suggesting its inability to adapt to changing demands may have brought about its downfall. In an interview for the City PM Unregulated podcast, Jacqueline Gold said BHS' demise "shows that as a retailer we've got to be forward thinking. "We've got to take into [...]
