City watchdog tells pensioners to watch out for investment scams March 23, 2015 Retirees are being warned to watch out for scammers ahead of the liberalisation of pension rules next month, as the Financial Conduct Authority (FCA) said fraudsters will try to make the most out of the new regime. Previously savers had to invest their pension pots in annuities, paying a guaranteed income each year for the [...]
City PM launches power list for London FinTech March 23, 2015 It has created billion-dollar startups, attracted record investment and is keeping major banks on their toes – London FinTech is having a moment and there are some major influencers making that happen. To keep you up to date with who’s who in the world of London FinTech, City PM has launched its own power list, [...]
Introducing City PM Money March 23, 2015 Welcome to the first ever edition of City PM Money. At a time of volatility in the markets, and just a few weeks before the most important pension reforms in a generation are finally enacted, our aim has been to produce a magazine that will help you make the most of the exciting new investment [...]
Index Ventures backs Daniel Gandesha’s tech start-up Property Partner March 23, 2015 Index Ventures, the venture capital firm behind Just Eat and Candy Crush Saga-maker King Digital, has given £5.2m backing to a crowdfunding platform that allows retail investors to tap into the UK’s residential market. Property Partner, founded by the ex-head of startup investment at BSkyB Daniel Gandesha, gives smaller backers the chance to invest sums [...]
Lending Works targets over 55s ahead of pensions freedom day March 23, 2015 Online peer-to-peer lender Lending Works is the latest firm looking to benefit from the anticipated dash for cash in April when pension freedoms come in, after launching new products today for the over-55s. From April, the firm will offer four new features for the pensions market including a bonus for new lenders aged over 55 [...]
Becoming Steve Jobs: The new biography by Brent Schlender and Rick Tetzeli March 22, 2015 How much do you know about Steve Jobs? You recognise the custom-made black turtle necks. You probably know that, as well as co-founding Apple, he also founded NeXT and co-founded Pixar. And you may remember his death from pancreatic cancer in 2011. The authorised biography by Walter Isaacson, published the same year, gave a fact-heavy [...]
Startup-friendly? What George Osborne’s Budget means for entrepreneurs March 22, 2015 Small businesses favour certainty over circus tricks, and the announcements made in last week’s Budget have received a generally positive response from entrepreneurs that I have spoken to – especially in the context of a growing economy. FOR THE ENTREPRENEUR Many will be happy that Entrepreneur’s Relief remained largely unchanged, providing a 10 per cent [...]
Budget 2015: George Osborne’s election gift for young and old alike March 18, 2015 Chancellor George Osborne used the final Budget of this government to give sweeteners to both younger and older voters yesterday. In an unexpected move, he introduced a new Help-To-Buy ISA, giving first-time buyers up to £3,000. “For every £200 [first-time buyers] save for their deposit, the government will top it up with £50 more,” Osborne [...]
Phoenix Group: Fraud up on change in pension rules March 18, 2015 Phoenix Group saw £8m-worth of attempted frauds targetting its customers last year, the firm revealed yesterday, as scammers tried to use the new rules as cover to steal funds. The warning came as Phoenix reported a 10 per cent rise in operating profits, which came in at £489m for 2014. Net incomes came in at [...]
Let’s get ethical: Abundance’s Bruce Davis on what crowdfunding is offering investors with a conscience March 18, 2015 Are we becoming more ethically aware when making investments? According to recent research conducted for Triodos Bank, more than one in 10 Brits say that they plan to remove any investments they hold involving fossil fuels over the next 12 months. And among 18 to 34-year olds, the proportion rises to 40 per cent. But [...]
