Twin peaks Global trend is towards ‘twin peaks’ financial supervision: 1 prudential supervisor for capital/ risk controls, another for markets/ business conduct. This model from Australia & Holland adopted by UK, New Zealand & South Africa. But others eg. Germany, Sweden, Poland have chosen the single supervisory model for banking, insurance & pensions. Double trouble?…
Tag: pension
Women’s own Women tend to own less money than men. Besides the gender pay gap, there’s an investing gap. In the US, only about 1/2 of women have started saving for retirement (compared to 65% of men), and even those who’ve started have less than 1/2 the savings of men Guessed the Word? Series 39 (8/9) …
Retire Who wants to live to 100? A 99 year-old! Retirement can be 30+ years, so pensions need to last. UK now has 15,000 centenarians, eligible for a 100th Birthday card from the Queen, following a Royal tradition since 1917 Guessed the Word? Series 30 (3/4) [pic: Buckingham Palace]
Index Everyone is invested in tech if they have a portfolio/ pension of any kind as Tech sector now accounts for 23% of key global index S&P500. Closest rival is Financials at 14.5%. A far bigger transformation than most people realise. In 1990, Tech was just 5% of the index, Industrials 15%. Utilities, telecoms & manufacturing…
Educate Edinburgh is the UK’s “most educated” city and 2nd-largest fintech hub. 55% of workforce has a Uni degree or equivalent. Scottish inventions: life insurance, pensions, investment trusts. Top 4 industries: salmon, whiskey, oil & gas, financial services Guessed the Word? Series 22 (6/8) [pic: kimdaejeung]
Institutional investors Pension funds are making unusual investments: Rabobank is landlord of Dutch sex shops, M&G property fund has bingo halls. Cast the net widely to generate a fixed stream of cash Guessed the word? Series 4 (5/6) [photo: Espressolia]