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!...
...“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....
...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....
...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....
...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....
...“We need a complete review into the sustainability of pensions,” says Ros Altmann, the UK’s pensions minister under David Cameron....
...(FT) Regulators, mount up Anbang Insurance Group and local competitors are being examined by China’s insurance regulator as concerns grow about the sector’s aggressive investment policies....
...Employees and employers can make national insurance savings on the portion of salary which is “sacrificed”....
...Strikingly, given the involvement of the EU in financial regulation, only two financial services companies were prepared to state their support for Britain’s EU membership publicly — Barclays, RSA Insurance...
...Cameron accepted that Gove had a 30-year commitment to campaigning for a Brexit and the two men agreed that they would fight each other in a spirit of mutual respect....
...(FT) Shake-up for US mutual funds A new entrant in the US mutual fund industry pulled in more money in 2015 than powerhouse brands including Fidelity, BlackRock and American Funds....
...Since then a large number of banking and insurance companies — including HSBC, JPMorgan, UBS and Prudential — have issued stark warnings on the consequences of a British exit, or “Brexit”, for their businesses...
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