Hints and tips:
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...In January 2020, Bishop accompanied Cameron and the company’s Australian founder Lex Greensill to the World Economic Forum in Davos, where they pitched a flexible pay scheme to Australia’s then finance minister...
...Cormann, who was last month appointed secretary-general of the OECD, told the FT the media interest generated by his meeting with Greensill, Bishop and Cameron was “ridiculous” because he never promoted...
...“They’ve done a good job reinventing the business without the benefit of credit and insurance.”...
...The national insurance rise had already gone through. It had been passed as a health and social care levy, which people broadly bought into at the time....
...Cameron did not exactly help, she claims: “He didn’t give a damn about it.” Indeed, Cameron once joked that House of Lords reform was “a third-term priority”....
...James Cameron, a partner at Airtree Ventures, a venture fund invested in Australian insurance technology company Huddle, says the sector is ripe for disruption by nimble “insurtech” start-ups as their traditional...
...Not everyone will want to be locked in a monetary union with countries like the Netherlands, whose prime minister is ideologically opposed to mutual risk-sharing....
...Other beneficiaries include: Canadian pension funds, mutual funds, insurance companies — and a pair of former investment bankers....
...This time Republican state Senator Dan Bishop will be hoping to beat Democrat Dan McCready. Here’s what to look out for....
...From what we see,the company’s current approach to fixed-cost allocation is completely appropriate, but the effects are magnified by effectively being a one-product company....
...Equity, bond and credit mutual funds all had material outflows this week while money market funds had the biggest inflows on record, at $137bn....
...; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...Three years ago, the then prime minister David Cameron came under fire after it emerged he had received a £200,000 PET from his mother....
...But then Bogle made a fateful mistake, merging Wellington with an aggressive young mutual fund company in Boston....
...estate and hotels, as well as insurance and financial services”....
...For this, Charles Dickens, the creator of a famous fictional legal battle — Jarndyce v Jarndyce — might be responsible....
...Already, campaigners representing the self-employed are lobbying against higher national insurance bills, which they dub the “strivers’ tax”....
...There is, for instance, no such provision for commercial banking or primary insurance. Some argue these gaps would need to be filled for the mechanism to be a credible option for the UK....
...Jon Greer, a pensions expert with Old Mutual, the wealth manager, says he has also seen employers opt for a “safety first” approach....
...The one that reverberated the most was the payment protection insurance scandal....
...Then, he recalls, he heard the words: “Mutual confidence does not mean mutual naivety.” He felt a thrill. The court reversed the prime minister’s decision to grant Russia’s extradition request....
...“We need a complete review into the sustainability of pensions,” says Ros Altmann, the UK’s pensions minister under David Cameron....
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