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RSS News Feed1 Jan 2009 

New Year honours short on bankers | 31 Dec 08

Sandy Crombie, chief executive of Standard Life, receives a knighthood on Wednesday in a New Year honours list otherwise visibly lacking in City figures. The award reflects his success at the helm of the Scottish insurer, where he became group head in January 2004

Credit Suisse to get Aberdeen stake | 31 Dec 08

Credit Suisse is poised to own 25 per cent of Aberdeen Asset Management after the Swiss bank agreed to sell the UK manager its traditional fund management business in a share-based deal worth about £200m. Bankers were scrambling to complete the deal by Wednesday in an effort to tidy year-end balance sheets, although people involved warned the timing could slip

Crisis wipes £65bn from pensions | 31 Dec 08

The average pension scheme of FTSE 100 companies saw the value of its assets crash by 17 per cent in 2008, wiping a total of £65 billion from retirement funds, according to a study from Deloitte

Businesses scramble to reclaim VAT | 31 Dec 08

Businesses are scrambling to reclaim millions of pounds of overpaid value added tax in the next three months, in response to one of the breaches of European law that exposed the Treasury to multi-billion-pound pay-outs this year

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Economic downturn is putting skillsets under scrutiny
One of the areas which is being affected by the changing economic climate is the renewed focus on what directors and non-executive directors bring to the table, says Guy Jubb, head of corporate governance at Standard Life Investments
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