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Cyber security

Bank of England steps up fight to tackle cybercrime

The Bank of England is to hold a “war game” this week to stress test the defences of financial firms against a cyber attack. The Sunday Times reports the “Resilient Shield” test will simulate a hack on financial firms to test whether banks can withstand sustained attacks in a bid to breach security. It will […]

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Kim North: Three-pronged attack on UK retirement debt

The hapless Mr Micawber from Charles Dickens’s David Copperfield famously said: “Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound nought and six, result misery.” This is a truism of which Dickens, who as a youth left school to work in a factory when his father […]

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Neil Woodford launches fresh attack on GlaxoSmithKline

Neil Woodford has criticised GlaxoSmithKline chief executive Andrew Witty and called for a radical shake-up of the pharmaceutical giant. Speaking at the AJ Bell Investival conference in London yesterday, the star fund manager said: “Glaxo has been a very disappointing investment for me for a very long time and the hopes that I had for that […]

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Think-tank calls for pension freedoms ‘early warning system’

The Government should create an “early warning system” to prevent savers running out of cash in retirement, according to think-tank the Social Market Foundation. In a report published today, the think-tank says the Government should closely monitor pension balances, consumer behaviour and the take-up of guidance and advice. It says policymakers could then intervene for […]

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