Company pensions are becoming increasingly unsustainable due to the plunge in government bond yields and low interest rates, warns the CEO of one of the world’s largest financial advisory and fintech organisations. The warning from Nigel Green comes as the yields of government securities – in which pension funds heavily invest – have fallen dramatically […]
The automotive sector has been particularly hard hit by the coronavirus crisis, with thousands of job losses already announced and many more at risk. So it’s bitterly disappointing that the chancellor this week stopped short of supporting the restart of one of the UK’s most important employers and a driver of growth – not just […]
Reach Commercial Finance has help realise a dream for an artisan butcher from Fordingbridge in Hampshire by securing a £150K loan under the Enterprise Finance Guarantee (EFG) scheme. The funding for Fordingbridge Farm Foods Limited, which was sourced at a time when banks were being highly cautious about lending to the retail sector, means that […]
More than 100 intermediaries attended each of the six CPD-accredited webinars held by Hodge during lockdown. The webinars were aimed at brokers who are already or are considering entering the later-life lending market to help them learn more or branch out during a difficult time for the industry. The CPD-accredited webinars were free to attend, […]
The operator of a group of residential and holiday caravan parks is looking forward to the future after receiving support through the Coronavirus Business Interruption Loan Scheme (CBILS) from Lloyds Bank. North Yorkshire-based, York House Leisure, has four parks across the region with more than 500 caravan plots used by both residents and holidaymakers. The […]
The reported arrest of a man on suspicion of defrauding the government’s furlough scheme out of nearly half a million pounds could just be the tip of the iceberg says leading tax and advisory firm Blick Rothenberg. Fiona Fernie, a tax dispute and resolution partner at the firm said: “HMRC has started investigations into companies […]
An overwhelming majority (93.7%) of respondents to a survey of members of the insolvency and restructuring profession carried out by the profession’s trade body R3 expect corporate insolvency numbers to increase over the next year. More than half (56.1%) of the respondents to R3’s member survey who work in corporate insolvency said they expected corporate […]
Barclays Research today released the Equity Gilt Study 2020 (EGS). The 65th edition of this flagship Barclays report delves into the long-term changes wrought by the Covid-19 pandemic and the extraordinary shocks it has delivered in both developed and emerging markets. Jeff Meli, global head of research at Barclays said: “In this year’s Equity Gilt […]
Covering the five weeks 31 May – 4 July 2020 Shops in Northern Ireland opened on 12th June, and in England on 15th June. As a result, we have provided details of the split between the first two weeks (pre-lockdown) and remaining three weeks (post-lockdown). According to BRC-ShopperTrak data: UK footfall decreased by 62.6% in […]
Okay, the fully compliant ‘Strong Customer Authentication’ (SCA) platform that verifies customers’ identity, is the newest sponsor of Open Banking Excellence (OBE), the world’s leading community and voice for fintechs, banks, bigtechs and other institutions building an emerging dynamic sector introduced through Open Banking, a new financial services legislation. Okay will join a growing roster […]
