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Financial Times: Financial Services

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    • newNeil Woodford’s £3.5bn equity income fund to be wound up
      Thousands of investors to get some of their money back after being blocked for four monthsNeil Woodford’s £3.5bn flagship investment fund will be wound up and the cash returned to investors, more than four months after it was suspended.The former…
      - 15 mins ago, 15 Oct 19, 3:16am -
    • newFormer PwC partners share £100m windfall payout
      About 1,100 ex-partners at accountancy firm have collected an average of £91,000 A group of former partners at PricewaterhouseCoopers, including one who now works at the industry regulatory, shared a £100m windfall payout this year after the accoun…
      - 16 hours ago, 14 Oct 19, 11:47am -
    • newLibra: will Facebook's new currency be stopped in its tracks?
      Visa, Mastercard, PayPal and eBay have withdrawn as sponsors – and it may face regulatory problemsPlans for Facebook’s proposed “stablecoin”, Libra, appear to be unravelling with the withdrawal of PayPal, Visa, Mastercard, Stripe, eBay and Me…
      - 21 hours ago, 14 Oct 19, 6:25am -
    • newBudget 2019 announced for week after possible no-deal Brexit
      Sajid Javid ramps up Brexit pressure by saying budget will be first after UK leaves EU Sajid Javid has announced the government will hold a budget on 6 November, less than a week after a possible no-deal departure from the EU.In an attempt to ramp up…
      - 23 hours ago, 14 Oct 19, 4:03am -
    • Sexual discrimination 'still a real issue' in City financial firms
      Woman who won a rare victory at a tribunal says people are afraid to report harassment#MeToo two years on: Weinstein allegations ‘tip of iceberg’, say accusersThe recent tribunal case brought by banker Stacey Macken shows that sexual discriminati…
      - 1 day ago, 14 Oct 19, 2:15am -
    • Divestment works – and one huge bank can lead the way | Bill McKibben
      On 15 October, the European Investment Bank meets to decide its policy on fossil fuels. The hand of history is on its shoulderMillions of people marched against climate crisis over the past two weeks, in some of the largest demonstrations of the mill…
      - 2 days ago, 13 Oct 19, 10:31am -
    • Wonga customers' average compensation payout may be just £118
      People who were mis-sold loans expected to get 10% of compensation they are owedCustomers who were mis-sold loans by the collapsed payday lender Wonga are expected to receive less than 10% of what they are owed in compensation after administrators re…
      - 6 days ago, 9 Oct 19, 1:00am -
    • Hargreaves Lansdown set for further grief over Woodford debacle
      AGM this week will be dominated by scrutiny of the firm’s links with the frozen investment fund, and the toll on its share priceThe last thing Hargreaves Lansdown needed in the run-up to Thursday’s annual general meeting was a broadside from the…
      - 10 days ago, 4 Oct 19, 7:01pm -
    • City equal pay campaigner Helena Morrissey quits Legal & General
      Surprise move apparently not linked to speculation over Bank of England roleDame Helena Morrissey, the City fund manager and equal pay and opportunities campaigner who is one of the City’s highest profile women, has quit as the head of Legal & Gene…
      - 11 days ago, 4 Oct 19, 11:26am -
    • Six million insurance customers are being hit by 'loyalty penalty'
      A third of those paying too much are on low income or vulnerable, says watchdogSix million home and motor policyholders are being overcharged around £200 a head every year by insurance firms, according to a damning assessment of the industry by the…
      - 11 days ago, 4 Oct 19, 3:41am -

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