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IMF: Brexit could ‘erode’ London’s status as finance hub

The International Monetary Fund has warned London’s status as a global financial centre would be damaged by a vote to leave the European Union. In its annual report into the UK’s economy, the IMF says leaving the EU would have “a negative and substantial” effect on economic growth, while also hitting London’s attractiveness as a […]


Woodford-backed biotech firm ‘can’t prevent fraud’

The biotech company in which Neil Woodford holds a 25 per cent stake has admitted it lacks the proper systems and controls to detect and prevent fraud. The Sunday Times reports Northwest Biotherapeutics has revealed “seven material weaknesses” in relation to fraud prevention processes. In its annual report, Northwest says it “did not maintain an […]


Steve Bee: Time to revolutionise pensions and let staff choose their auto-enrol scheme

I was really very pleased to read about the Government’s interest in allowing employees that are automatically enrolled to choose where their pension is invested. Alongside many others, it is something I wholeheartedly support. In the old days of defined benefit company pensions it was right for employers to choose where that scheme was invested. After all, the employer […]

Robert Reid: Why having the risk conversation is vital

With all the discussion around due diligence, much of it has centred on products, platforms and providers, with the client sitting firmly to one side. But just as important as due diligence on providers is making sure there is a robust process in place to determine a client’s risk profile. There needs to be more […]


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