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Financial Services news in the UK | Page 14
An overview of news, trends and research in the Financial Services industry in the UK:
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AFRY Management Consulting
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Private sector UK pension deficit reaches 900 billion
The combined deficit of private sector DB schemes in the UK now stands at around £900 billion, up from £250 billion since the start of the millennium, despite companies pouring in £500 billion toward
18 August 2015
Collaborative ventures on the rise in financial services industry
A curious cultural shift is taking place when it comes to problem-solving in the financial services industry, writes Joe Channer, CEO of consulting firm Delta Capita.
18 August 2015
Lockheed Martin selects Aon Hewitt as fiduciary advisor
The UK organisation of Lockheed Martin has appointed Aon Hewitt, the global talent, retirement and health solutions business of Aon, to provide delegated investment services to its Pension Plan.
14 August 2015
Islamic Finance expected to grow to 3 trillion by 2018
Islamic finance has been growing rapidly over the past decades, reaching $1.8 trillion in 2014 and is expected to exceed $3 trillion by 2018.
13 August 2015
BCG helps Italian central bank with setup of bad bank
The Italian central bank has hired The Boston Consulting Group to develop and establish a ‘bad bank’ asset management company, that will be used to deal with the pile of non-performing loans on the b
10 August 2015
Denplan appoints Aon for auto-enrolment of pensions
Denplan has appointed Aon to provide it with an auto-enrolment pension scheme for its member dental practices.
06 August 2015
Hymans Robertson scheme actuary of BAE Systems
The Trustee Boards of the BAE Systems Group Pensions Schemes (BAE Systems) have appointed Hymans Robertson to provide scheme actuary services across all of its pension schemes.
04 August 2015
Capgemini: Retail banking customer satisfaction down
Customer satisfaction in retail banking is down slightly on 2013 levels, research by Capgemini and Efma shows. Although the average remains relatively stable, particularly European institutions have seen an increase, by 6.8%, in unsatisfied custome
04 August 2015
Deloitte: FinTech to grow in Ireland with GOV support
FinTech has the potential to create massive gains, for investors and for consumers.
31 July 2015
EY launches Global Innovation Centre in Madrid, Spain
Professional services firm EY has opened a Global Innovation Centre in Madrid, Spain.
28 July 2015
Corporate banking revenue to reach 2.8 trillion by 2020
Total global corporate banking revenue is expected to grow to $2.8 trillion by 2020, research by the Boston Consulting Group shows. According to the firm, revenue growth is expected to increase for the industry across all regions, with the Asian-Pa
28 July 2015
UK bank Atom partners with FIS for digital banking
FIS has partnered with the new UK banking entrant Atom, whose wholly digital offering is being prepared for launch. The new digital banking player will offer an app based solution to clients, with its backend run through
27 July 2015
Towers Watson: UK pensions reforms not understood
As a result of the UK pension reforms, those aged 55 and over have considerable more options to put their pension savings to work, or lose them.
24 July 2015
Right incentive system crucial for Financial Services
Complexity is in the nature of the financial services beast, however, with the right incentives, it can be managed. New rules around bonuses, according to Oliver Wyman, may have the opposite of their intended effect, incentivising generalised centr
21 July 2015
Capita: Three in four employees experience work stress
Three in four UK employees are experiencing work related stress, with especially young employees affected, Capita’s latest employee survey shows.
20 July 2015
Capgemini: HNWI population and their wealth hit highs
The rich, those in the high net worth asset ownership class, now hold $56.4 trillion and tally 14.6 million, adding nearly a million (920,000) new millionaires since 2014, research by Capgemini and RBC Wealth Management shows. The coming years are
14 July 2015
Towers Watson appoints PwC as auditor for LifeSight
Towers Watson has appointed PwC as auditor for LifeSight, its DC master trust for the UK market.
14 July 2015
PwC boosts Pensions Investment Advisory Business
PwC has boosted its Pensions Investment Advisory business with the appointment of Nikesh Patel as Senior Manager Investment Risk.
10 July 2015
Mercer and Redington win European Pensions Award
Mercer and Redington have managed to scoop a prestigious ‘European Pensions Award’ during the 2015-edition of the annual award ceremony held recently in London. Redington was named ‘Risk Management Firm
09 July 2015
Infosys invests in Ireland via strategic AIB-partnership
Infosys has joined with Allied Irish Banks in a strategic partnership that will see the consultancy firm, among others, invest $10 million into Irish start-ups as well as create a presence in the loc
09 July 2015
Simon Hunt leads PwC Banking and Capital Markets unit
PwC has appointed Simon Hunt as its new UK banking and capital markets leader. Hunt will focus on advising PwC’s UK clients on the challenges they might face in the changing banking landscape following regulatory reforms and rapidly developin
06 July 2015
AAM and Hymans Robertson sign GO digital savings deal
Aberdeen Asset Management joins forces with Hymans Robertson to support digital future in retirement saving solutions. The two firms signed an agreement to bring in Hymans Robertson's Guided Outcomes retirement tool for Aberdeen'
03 July 2015
Capgemini: Fixing the insurance industry with Big Data
Insurance companies, which face decreasing levels of customer satisfaction and increased competition from non-traditional insurers, should leverage Big Data to regain their piece of the pie, research
02 July 2015
BBA hires Oliver Wyman to review UK banking sector
The British Bankers Association has commissioned Oliver Wyman to conduct an in-depth study on the competitiveness of the UK banking sector. The research, which will be led by the firm’s Vice President Hector Sants, aims at uncovering scenario
29 June 2015
PwC: Financial services unattractive for young females
Female millennials are less inclined to join the financial services industry as they feel this sector lacks in diversity, something that is high on their wish-list when it comes to choosing an employer, research by PwC shows. According to the firm,
29 June 2015
BearingPoint: The adaptive insurer is the flexible insurer
To break through the traditional conservatism of the insurance industry, 84% of insurers that have greatly outperformed the competition did so through the adoption of adaptive business models, find a
29 June 2015
Robo advisors to manage 2.2 trillion portfolio by 2020
Robots are set to transform the investment advisory landscape, forecasts a new research from A.T. Kearney.
23 June 2015
Hymans Robertson: UK pension liabilities outstrip GDP
For the first time, UK pension liabilities outstrip GDP, data from Hyman Robertson shows. While GDP rose to £1.8 trillion in 2015, liabilities increased to staggering level of over £2 trillion. According to the consulting firm, pension
18 June 2015
Marsh acquires Leeds-based SME Insurance Services
Global insurance broking and risk management consulting firm Marsh has reached a definitive agreement to acquire specialist commercial insurance company SME Insurance Services, boosting its commercial insurance offering. The terms of the transactio
17 June 2015
Accenture & Moven transform digital banking solutions
Accenture and Moven have signed a services agreement that will see their combined innovation powers seek to create new digital banking solutions.
17 June 2015
PwC: Top three challenges for global capital markets
Increasing the profitability of clients, the impact of technologies and attracting and retaining talent are the top three challenges for traditional capital market players as is shown by PwC.
16 June 2015
Capgemini launches new digital banking service
With the digital age has come digital banking.
15 June 2015
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