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...UK asset manager Abrdn has slashed employee benefits as part of a fresh round of cost cuts, halving redundancy payouts and reducing the length of paid parental leave by about a third....
...Global bank executives have rounded on US regulators’ plans for new industry capital rules, warning that the Basel III endgame proposals are “fighting yesterday’s war” while putting financial market liquidity...
...“HSBC were too late getting to the market, as it was already consolidating,” said Damon Hopkins, head of defined contribution workplace savings, at Broadstone, the employee benefit consultants....
...On jobs, Nationwide went so far as to say that it “does not intend to make any material changes to the size of the Virgin Money employee base in the near term”....
...TikTok has said that it takes employee concerns “very seriously” and has a strong record of “championing diversity and inclusion”....
...An employee stock ownership plan at United Airlines in the 1990s also awarded board seats to unions....
...Abrdn has also moved to slash employee benefits, halving redundancy payouts and reducing the length of paid parental leave by about a third, and closed, restructured or merged more than 100 of the group’...
...Pichai’s blog on Thursday also addressed an employee protest this week against an AI and cloud contract with the Israeli government and military....
...The building society said it did not plan to “make any material changes to the size of the Virgin Money employee base in the near term”. Virgin Money employs about 7,300 people....
...The bank said Quinn’s total pay package had jumped from £5.6mn to £10.6mn because of payouts from a long-term incentive plan....
...MSIM launched its ETF business a year ago, and in October filed plans to carry out its first mutual fund-to-ETF conversions....
...“This will be on top of the existing Isa allowances and ensure that British savers can benefit from the growth of the most promising UK businesses,” Hunt said on Wednesday, adding that more than 200 city...
...Anyone who has ever attempted a self-help plan knows that transformations are hard. That holds true for tobacco companies, too....
...In a statement the companies said Panmure Liberum would “benefit from cost and revenue synergies”. The companies declined to comment further on their detailed cost-cutting plans....
...It said: “We are comfortable that management has a viable plan to address the important matters facing the company.”...
...Peter Morris London N5, UK...
...Employers’ association the CBI has proposed that employee assistance programmes, such as health insurance, be made a fully tax-free benefit, while the CBI and British Chambers of Commerce are calling for...
...“They have an attractive set of assets which provide both diversification benefits and strategic optionality,” he adds....
...plans to save $3tn through higher taxes over 10 years....
...The Sony-backed group plans to keep Benefit One listed and it has already agreed to buy Pasona’s stake in the subsidiary....
...Today schemes like the Ontario Teachers’ Pension Plan rank among the largest and most sophisticated institutional investors in the world....
...Employers are currently obliged to enrol workers automatically into a workplace pension plan, and make contributions to it on their behalf, only if the employee is aged 22 or older, and meets earnings’ criteria...
...A national insurance cut is seen as a more pro-economic growth measure as it would only benefit workers....
...A 1p cut in NI employee contributions would cost about £5bn and a 1p cut in income tax would cost £7bn....
...Finma added that it has opened enforcement proceedings against a former employee, but does not have authority to fine financial institutions....
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