Category: hgsncfomt

European industry fears being left behind without investment in innovation

Friday 27 January 2017 4:43 pm European industry fears being left behind without investment in innovation European industrialists have called for a big increase in efforts to boost innovation as they fear a rise in protectionism and trade restrictions damaging the EU’s economy.The rise in protectionism, most potently symbolised by the rise of Donald Trump as US President, has alarmed business leaders in the European Round Table of Industrialists. Share Jasper Jolly In the face of competition from growth economies such as China and India, Europe must invest to move up the value chain, the group said. whatsapp Bock said: “To adapt to these new developments Europe must increase efforts in the field of innovation, digitisation and strive for free trade and access to foreign markets.”Read more: Eurozone PMI at highest since the debt crisis in 2011Foreign direct investment in 2015 was half the figure before the financial crisis in 2007, while GDP has failed to pick up to levels seen in 2009, according to the World Bank.GDP growth has also been on a steady downward trend for decades – a problem common to many developed economies as the pace of productivity growth has fallen. Developing economies have been able to rapidly catch up, leaving the Europe’s industry vulnerable to increased competition if it does not invest. Kurt Bock, chairman of chemicals giant BASF and a member of the group, said: “It is with great concern that we note a steady increase of potentially trade restrictive measures and a backwards trend in the integration of the European Single Market.”Read more: Eurozone industrial production surge gives surprise growth pictureEurope risks being left behind, the group said, if it does not invest in innovation. Growth across the Eurozone has stagnated since the global financial crisis, with 0.3 per cent recorded in the third quarter. whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity WeekUndoPensAndPatronTori Roloff Confirms Devastating News About The FamilyPensAndPatronUndo read more

Intu considers UK-Saudi takeover offer

first_img whatsapp Jessica Clark Share Shopping centre chain Intu is considering a takeover offer from a consortium including British billionaire John Whittakar, Saudi investment group Olayan, and Brookfield Property Group.  Intu considers UK-Saudi takeover offer Friday 19 October 2018 8:59 amcenter_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Shares in Intu were up more than 14 per cent on the news that the company was mulling the offer to go private. Read more: Intu shares soar nearly 30 per cent on John Whittaker takeover rumoursThe consortium made an indicative proposal of 205p per share on 11 October, which was then revised to an offer of 215p per share. Intu owns some of the UK’s most well-known shopping centres, including the Trafford Centre in Manchester and the MetroCentre in Gateshead.Whittaker already owns a 27 per cent stake in the company through investment fund Peel Group, while Olayan has a 2.6 per cent stake.  Shares jumped nearly 30 per cent earlier this month after Whittaker’s plan was reported.Read more: Aldi and Lidl eat into Tesco and Sainsbury’s market share whatsapp Tags: Trading Archivelast_img read more

Citibank fined over $38m by US markets watchdog

first_img whatsapp Citibank has been fined more than $38m (£29m) by markets watchdog the US Securities and Exchange Commission (SEC) for abuse in handling American Depositary Receipts (ADRs) to brokers.The SEC’s investigation into the matter concluded that Citibank had provided US securities that represent foreign shares, or ADRs, to brokers in thousands of transactions prematurely, without informing brokers of how many foreign shares they needed to hold correspondingly. Emily Nicolle whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPuffer fish snaps a selfie with lucky divernypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com A statement from the watchdog said such practices had inflated the total number of a foreign issuer’s tradeable securities, which resulted in “abusive practices such as inappropriate short selling and dividend arbitrage that should not have been occurring”.It added Citibank had today agreed to pay the fine, without admitting or denying the investigation’s findings.It is the second fine against Citibank by the SEC in recent months, after the bank agreed to pay more than $10m in August to settle two enforcement actions against them involving its books and records, internal accounting controls, and trader supervision.“Our charges against Citibank are the latest in our ongoing investigative effort to hold accountable Wall Street institutions that participated in an industry-wide fraud,” said Sanjay Wadhwa, senior associate director of the SEC’s New York regional office.“Our investigation into these practices has revealed that banks and brokerage firms profited while ADR holders were unaware of how the market was being abused.”A Citigroup spokeswoman said today: “We are pleased to have this matter resolved.” center_img Wednesday 7 November 2018 9:23 pm Citibank fined over $38m by US markets watchdog by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMoney CougarLily From The AT&T Ads Is Causing A Stir For One ReasonMoney CougarMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It Love Share Tags: Trading Archivelast_img read more

DEBATE: Is there any point to the annual WEF summit in Davos?

first_imgTuesday 22 January 2019 8:04 am City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Opinion whatsapp Tags: Climate change People Theresa May Twitter DEBATE: Is there any point to the annual WEF summit in Davos? Is there any point to the annual WEF summit in Davos?Bill Michael, chairman and senior partner of KPMG in the UK, says YES.Elements of the World Economic Forum (WEF) do raise an eyebrow. From the setting in the Swiss Alps to the A-listers in attendance, it can seem like the last bastion of global elitism.center_img Yet, away from the headlines, the issues discussed at Davos are critical. This year delegates will consider the importance of mental health, the impact of artificial intelligence on jobs, and how to tackle climate change.As individual business leaders, we can try to address these problems in isolation, but they impact societies worldwide. This is where Davos can make a difference, bringing together leaders from government, society and business, enabling them to pool ideas and create new partnerships to drive solutions. It encourages collaboration, which is sorely needed in a time of political and economic nationalism.Davos may not appeal to all, but behind the “theatre” it remains a unique opportunity to achieve more in a week than can be achieved in a year.Our challenge this week is to make that happen. We need to turn talk into action to drive purposeful growth and create opportunity for more of society.Lauren McEvatt, managing director at Morpeth Consulting, says NO.Long before Theresa May’s “citizens of nowhere” catchphrase, Samuel P Huntington had hit upon a similar description for WEF summit attendees: “Davos Man”, an appropriate moniker since the number of female attendees has never passed 21 per cent. Bill Michael Michael and Lauren McEvattLauren McEvatt is managing director of Morpeth Consulting, and a former government adviser. Share Davos was designed to bring world leaders together with private sector magnates to solve global problems. Instead, every year it creates an image of an increasingly vilified elite frolicking in the snow like entitled dilettantes.This image hangs like a PR noose around the necks of world leaders whose citizens have been at the forefront of the austerity policies required after the crash of 2008.Pity the President of Zimbabwe, who announced on Twitter that, given the “unrest” (read: civilian deaths) at home, he has pulled his attendance. Ironically, this spin will be lost on the citizens of Zimbabwe, since his government has shut down the internet, raising the question of why he was invited at all.Davos is a better organised, allegedly philanthropic Fyre festival for influential boomers, with fondue instead of cheese slices. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapplast_img read more

Former Barclays trio face Qatar trial at Old Bailey

first_img Former Barclays trio face Qatar trial at Old Bailey Tags: Barclays It is in connection with undisclosed payments to Qatar as Barclays raised more than £11bn from investors in two cash injections in June and October 2008.  Read This Next20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapLimited Series About Vincent Chin Murder in the Works at ParticipantThe WrapRanking ideal landing spots for Golden Tate in free agencySportsnautIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamourRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamour50,000-Plus People Want Jeff Bezos to Go to Space and Never Come BackThe WrapSmoking and Hair Loss: Are They Connected?Vegamour Alex Daniel Sunday 6 October 2019 6:11 pm The highly-anticipated trial, which is set to last into 2020, will look into how the British bank secured billions from Qatari investors and avoided a taxpayer-funded bailout in 2008. The Old Bailey trial involves Roger Jenkins, 64, former executive chairman of Barclays’ investment banking unit; Thomas Kalaris, 63, former wealth management chief; and Richard Boath, 60, former head of European financial institutions. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryMisterStoryWoman files for divorce after seeing this photoMisterStoryzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost Funautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.commaternityweek.comWilliam and Kate Have Been Told Their Fate Once Charles Finally Becomes Kingmaternityweek.com Three former Barclays executives charged with fraud in connection with Qatar’s part in the bank’s emergency cash injection during the financial crisis face trial tomorrow.center_img whatsapp All three deny wrongdoing. whatsapp The case is a rare example of a criminal prosecution of senior bankers at a global bank over conduct during the credit crunch more than a decade ago. The Serious Fraud Office is prosecuting the case. Getty The raising allowed the firm to become one of the few major British banks to survive the financial crisis without direct government aid. Sharelast_img read more

Massive iceberg looms over a village in Greenland

first_imgArctic | NPR NewsMassive iceberg looms over a village in GreenlandJuly 14, 2018 by Maggie Penman, WGBH-Boston Share:The photographs are stunning: a giant mountain of ice towers over a tiny village, with colorful homes reminiscent of little doll houses against the stark, blue-gray landscape.But for the people living in those houses – that beauty could be life-threatening.“It’s kind of like, if you lived in the suburbs, and you woke up one morning and looked out, and there was a skyscraper next to your house,” says David Holland, an oceanographer at New York University who does research in Greenland during the summer months. “I’d be the first to get out of there.”He says that’s why authorities have taken action to evacuate those living closest to the water from the village of Innaarsuit, where the iceberg has parked itself just off the coast. According to the BBC, the village has just 169 residents.“In these shallow bays, these icebergs may drift in and become stuck, grounded on the sea floor,” Holland says. “So that’s what happened to one of these bergs.”Holland says it can be quite alarming for residents.“These are small villages with little houses located right at the shoreline, and all of a sudden icebergs show up, and they look like New York skyscrapers, they’re just towering,” he says. “They’re very unstable, and they can break up.”Last year in northwestern Greenland, four people died when a landslide resulted in a tsunami that swamped a number of homes. That disaster is fresh in peoples’ minds, says glaciologist Anna Hogg at the University of Leeds, who also does research in Greenland.“There’s a risk that a large chunk of ice could break off this very large iceberg, fall into the ocean, and cause a mini-tidal wave that will wash up and hit the village,” Dr. Hogg says.“We know that icebergs are quite fragile things, they’ve got lots of fractures through them,” she adds.One surprising thing about many of the seaside communities in Greenland, Hogg says, is that despite the marine-based economy, most people can’t swim. Hogg has spent a lot of time doing research near the village that’s currently under threat from the iceberg, and says this adds to the risk of a potential tidal wave or flooding.“There’s only one swimming pool in Greenland. It’s in Nuuk, which is much further down the coast than this village that we’re talking about,” Hogg says. “If you think about it, why would they be able to swim? The ocean water is just so cold; you can’t even put your toe in without it being unbearably freezing.”Local authorities and media are keeping close watch on the iceberg: the newspaper Sermitsiaq reported today that it moved 500-600 meters during the night.Though the process of glaciers losing ice is natural, and happens every summer, the waters around Greenland have warmed in recent decades, which means that it’s happening at a faster rate.Copyright 2018 NPR. To see more, visit http://www.npr.org/.Share this story:last_img read more

Skills gap grows and threatens UK productivity

first_imgMonday 28 September 2015 8:44 pm Show Comments ▼ Express KCS by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailGameday NewsNASCAR Drivers Salaries Finally ReleasedGameday NewsSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorTheFashionBallAlica Schmidt Is The Most Beautiful Athlete To ExistTheFashionBallLoan Insurance WealthGrab A Tissue Before You See Richard Simmons At 72Loan Insurance Wealth UK employers are facing even greater skills shortages and rising wage pressures, according to a new report from global recruiters Hays.Since 2012, the UK’s talent mismatch level – the gap between the skills people can offer and those employers are looking for – has increased every year. The UK now has a talent mismatch score of 9.7 out of 10, among the worst in Europe, according to the Hays Global Skills Index 2015.Wage pressure in the UK has also increased significantly since last year as the economy returns to health, said Hays. The recruiter added that this reflects the war for talent in certain industries, including engineering and technology, which is forcing companies to pay a higher premium for the best people.The report outlines the need for UK and global businesses to work closely with respective governments to find long-term solutions to current talent shortages and faltering productivity. Otherwise long-term growth will be at risk.Hays’ chief executive Alistair Cox said: “This year’s report offers grounds for optimism, but none for complacency. UK growth prospects are better than they have been in a long time but employers are facing ever-greater challenges to find the talent they need. This can only mean that the productivity challenges we face as a nation will become even more severe.”“We need to resolve the UK’s productivity puzzle and the current skills gap is clearly a big part of the problem. The answer does not lie in working longer hours, but in developing and using the right skills for the job. Better training for UK workers, attracting highly-skilled workers from overseas and investing in better technology are all part of the solution and will be critical in shifting the economy into the next gear.” whatsapp Skills gap grows and threatens UK productivity whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Sharelast_img read more

News / Air freight rates looking up as passenger-freighters leave the market

first_imgFright Investor Services (FIS) has pointed to a potential slew of tech launches in September, while, according to some reports, Amazon has set its delayed Prime Day for 5 October.“On the demand side, near-term volumes remain somewhat slack (we use this term cautiously…) and tech releases (the sort that spiked the transpacific market in 2017), stacked up for September onwards, loom,” noted FIS yesterday.The latest figures from the TAC Index, for last week, show the biggest rises out of China, with China to the EU up 6.17% to $3.27, and Hong Kong to the EU up 3.29% to $3.14.  Hong Kong to the US rebounded 10.9% to $4.90, while China to the US rose 4.86% to $3.27. The only declines were Shanghai to the US, down 1.08% and Chicago to the EU, down 7.95%.Alongside higher rates, capacity has dropped slightly.Accenture’s Seabury noted last week that “air cargo capacity has been deteriorating for the last two weeks. North America to Latin America is the only tradelane that shows an improvement in cargo capacity. Transpacific cargo capacity declined (both ways) for the first time since early May”.And there have been more announcements on the supply side, as airlines release schedules and raise the number of passenger flights. Emirates, for example, expands its destinations to 63 in August. Most carriers now have secured funding packages and have begun to work out their future shape.“We have started to see a bit more clarity on the passenger supply side; airline right-sizing has generally been announced in their entirety, as have the wide-array of bailouts,” said FIS. “Load factors, particularly on the long-haul wide body routes that take the lion’s share of global cargo, remain low. A good indicator of this, London Heathrow’s Terminal 4, remains out of use until 2021.”Few expect passenger traffic to come back with any real impetus soon, further buoying freighter operators. Nadeem Sultan, chief executive of Cargologicair, told The Loadstar this month: “Everyone in the air cargo world has been affected by the overall impact on the passenger side and how much widebody capacity will come back into the market.“If passenger capacity comes back, it could become a challenge. But so many widebodies are parked, and you don’t do that for the short term.”In what has been a highly volatile period in air freight, carriers are beginning to note how high revenues have been. Cargologicair said it now has a “buffer” for the future, with debts paid off. Etihad’s outgoing head of cargo told staff that it had recorded record revenue of $114m in May, had seen three successive months of $100m+ and was expecting similar in July.WorldACD, which released half-year figures for air cargo on Friday, noted: “Most airline bosses had great worries in H1 20, but a lack of cargo revenue was not among them.“Although worldwide volume, year on year, contracted by more than 18% in H1 20, revenue in US dollars increased by almost 21%, thanks to the capacity shortage from mid-March.“The average rate of transporting one kg by air rose by 48% worldwide; the increase was largest from Asia Pacific (+76%) and smallest from Latin America (+10%).”It added: “The transport of PPE-goods did not come cheap, air cargo charges from China rose by an incredible 136% compared with the first half of 2019.” Air freight rates have ticked up after the declines of the past weeks, with forwarders reporting further increases on the way.One forwarder noted: “Rates have jumped by up $1 per kg this week from Shanghai to Europe, and carriers announced increases yesterday and today. We expect further advice tomorrow and for the weekend.”He said the rate rises were due to falling capacity as passenger-freighters leave the market, weak passenger demand, rising PPE requirements for some countries seeing more Covid cases and an increase in general cargo.Medium-term expectations show both demand and capacity likely rising. © Robot100 center_img By Alex Lennane 21/07/2020last_img read more

Premium / Supply chain radar: Hapag-Lloyd and CMA CGM celebrate as ‘junkiest junk rallies’

first_imgThere is a comprehensive chart – headed: “Junkiest junk rallies” – you shouldn’t have missed this week that has little to do with shipping at first glance, and is here below.Or does it?As CCC yields hit their two-year lows, enter the magic two lagging in the top five container shipping circles right behind larger competitors Maersk Line, COSCO Shipping and MSC.Rising up in the credit rating grid, CMA CGM (rating confirmed, outlook changed) and Hapag-Lloyd (rating upped) both still rate … Please either REGISTER or login below to continue Subscription required for Premium stories In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium Premium subscriber LOGIN Reset Email* New Premium subscriber REGISTER LOGIN Password* By Alessandro Pasetti 07/10/2020 Forgotten your password? Please click here Reset Your Password Email* Please Login << Go backlast_img read more

FPSC pleased with continued interest in regulation of financial planners

first_img FP Canada, IQPF update projection assumption guidelines amid pandemic FSRA updates title reg proposal Share this article and your comments with peers on social media Related news Financial Planning Standards Council (FPSC) says it welcomes the continued interest in Thursday’s Ontario budget of the need for tailored regulation of financial planners. The Ontario government has committed to setting up an expert committee that will further study the merits of tailored regulation of financial planners and provide the government with options if regulation is required. “FPSC is encouraged by the government’s intention to move forward in investigating the need for tailored regulation of financial planners,” says Cary List, FPSC president & CEO. “We look forward to offering our continued leadership and expertise on this subject in order to safeguard and enhance the financial well-being of all Ontarians.” The budget announcement comes following the Ontario Ministry of Finance initiative to investigate the merits of proceeding with more tailored regulation of financial planners, outlined in the 2013 Fall Economic Statement. The government held industry consultations on the subject in January 2014, which included recommendations from FPSC and its partners in the Coalition for Professional Standards for Financial Planners.center_img IE Staff Keywords Financial planning,  ProfessionsCompanies Financial Planning Standards Council “Light planning” could expand access to financial advice Facebook LinkedIn Twitterlast_img read more