United Kingdom

Results for United Kingdom

Green Paper: Security and sustainability in defined benefit pension schemes

The green paper Security and Sustainability in Defined Benefit Pension Schemes (Green Paper) was published by the Department for Work and Pensions (DWP) on 20 February 2017. It explains how the current defined benefit (DB) pension system operates and out ...

Resource Article - twallace@abiwor... - 04/18/2017 - 12:10 - 0 comments - 0 attachments

Rutland Offloaded Bernard Matthews Pensions ‘To Line Own Pockets’

UK turkey producer Bernard Matthews was pushed into insolvency by private equity firm Rutland Partners to “line [its] own pockets”, according to the chairman of a parliamentary committee. Bernard Matthews was put into a “pre-pack” administration last yea ...

Daily Headline - global.abi.org - 04/13/2017 - 22:34 - 0 comments

Decongestion of the UK Economy Must Start with Disruption

Weakening productivity did not start with the financial crisis, but has been the consequence of long-term business under-investment in change. Expressed as the dispersion of productivity levels, zombie companies dominate Britain’s sclerotic economy, the ...

Daily Headline - global.abi.org - 04/11/2017 - 22:22 - 0 comments

Offloading Pension Risk Demands Tighter Rules

The Pension Protection Fund offers a sensible form of insurance. But by its nature, insurance creates opportunities for abuse. A payout owed when an adverse event occurs creates an incentive to bring about that very event. The PPF pays compensation to me ...

Daily Headline - global.abi.org - 04/10/2017 - 22:10 - 0 comments

Lloyds To Compensate Fraud Victims As Inquiry Reopens

whether it properly investigated at the time. Lloyds, whose shares had fallen 0.8 per cent in early trading against a 0.3 per cent fall in the S&P European banks index , said the compensation was to ...

Daily Headline - global.abi.org - 04/09/2017 - 18:04 - 0 comments

BOE Could End Corporate-Bond Purchases as Soon as This Month

The Bank of England’s corporate-bond purchases, one of the stimulus measures announced after the Brexit vote, could conclude as early as this month as the program nears its 10-billion pound ($12.5 billion) target, Bloomberg News reported. After starting ...

Daily Headline - global.abi.org - 04/06/2017 - 19:54 - 0 comments

RBS Rising From Ruins as Shadow of Former Self

Nine years after the beginning of a 45-billion-pound ($56 billion) bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world, the International New Yor ...

Daily Headline - global.abi.org - 04/03/2017 - 20:18 - 0 comments

Welcome, Family and Friends" by Steffen Koch

When you read this column, already four months of my presidency have elapsed and another eight months are to go. I thoroughly enjoy serving this wonderful organization and look forward to continuing my efforts to make our INSOL Europe family even more at ...

Resource Article - twallace@abiwor... - 04/03/2017 - 15:58 - 0 comments - 1 attachment

Madoff Deals Locked in Safe at Center of U.K. Hedge-Fund Lawsuit

Principal Financial Group Inc. accused the managers of Liongate Capital Management LLP of hiding investments with Bernie Madoff while negotiating to sell half of their London hedge fund to Principal, Bloomberg News reported. Founders Randall Dillard and ...

Daily Headline - global.abi.org - 04/02/2017 - 21:52 - 0 comments

The Upcoming Brexit Fight Over Money Explained

One of the big fights in the negotiations over the U.K.’s exit from the European Union will be over money: the EU’s so-called “divorce bill.” The idea of having to pay the EU to leave is controversial in the U.K. after a referendum campaign in which the ...

Daily Headline - global.abi.org - 03/29/2017 - 21:11 - 0 comments

Syndicate content