Financial news

• Shell boss's £17.2m pay packet shows the madness of incentive plans

  14-03-2019 20:56
  Ben van Beurden’s bonanza is a reward for the oil price rise that was outside his controlHere, as sure as spring, comes another row over pay at Shell. Chief executive Ben van Beurden collected €20.1m (£17.2m) last year, a tidy 126% increase on 2017. The only other time he passed €20m was 2014, when he apparently needed an enormous pension top-up and “tax equalisation” handout to ease his arduous journey from London to Shell HQ in The Hague. For practical purpose
  
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• FCA plans to ban or cap investment platform exit fees

  14-03-2019 14:26 via theguardian.com
  Financial watchdog wants clampdown as part of changes to £500bn industryBritain’s financial watchdog plans to ban or cap exit fees charged by investment platforms such as Hargreaves Lansdown and AJ Bell, as part of sweeping changes to the £500bn industry.The Financial Conduct Authority has been looking into investment platforms that offer a range of funds online and found that 7% of all consumers wanted to switch but were put off from doing so, with many citing exit fees as a s
  
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• Pound US dollar exchange rate: GBP/USD spikes over 2 cents on Brexit no-deal mania

  14-03-2019 13:22 via feedproxy.google.com
  This morning, the pound rose against the US dollar before slipping slightly, and the pairing is currently trading at around $1.327. This comes after GBP/USD spiked over 2¢ last night following the parliamentary Brexit vote on no-deal. Yesterday evening the House of Commons voted to reject a no-deal under any circumstances by a margin of 43.
  
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• April 2019 tax changes: Do you have shares or a second home - you could be £300 better off

  14-03-2019 12:25 via feedproxy.google.com
  CHANGES to personal tax allowances come into effect from April - and if you have shares or a second home then you could be better off under the amendments.
  
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• Pension news: If you have a personal pension you could be better off from April 2019

  14-03-2019 12:01 via feedproxy.google.com
  PENSIONS are getting a radical shake-up from the Government - and people with personal pensions could be better off when the new tax year starts in April.
  
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• Pound euro exchange rate: GBP/EUR steadies as doubts haunt Brexit delay vote

  14-03-2019 10:52 via feedproxy.google.com
  The pound is holding steady against the euro today and is currently trading around €1.172. GBP/EUR flattened following last night’s vote on a no-deal Brexit which was rejected by a majority of 43. Following the vote Prime Minister Theresa May warned MPs: “The options before us are the same as they always have been. The legal default in EU and UK law is that the UK will leave without a deal unless something else is agreed. The onus is now on every one of us in this House to find
  
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• Pound LIVE: GBP Sterling HOLDS FIRM ahead of crunch Brexit delay vote in Commons

  14-03-2019 09:05 via feedproxy.google.com
  THE pound is starting to hold firm following heavy morning losses ahead of tonight’s crunch vote in the House of Commons on whether or not to delay Brexit.
  
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• Brave new production line: factory workers of the 50s and 60s

  14-03-2019 08:00
  Maurice Broomfield’s spectacular photographs of men and women at work in British factories in the 1950s and 60s capture a time of optimism and endeavour Continue reading...
  
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• Amazon delivered my parcel to a mysterious neighbour

  14-03-2019 08:00 via theguardian.com
  It gave me a name and address that doesn’t exist … and I had to pay a fee to find outA friend paid Amazon £338 for an iPad to be delivered to me. Amazon’s delivery notification stated it had been delivered to a neighbour, a Michael Bradley at Flat 12. We do not have a neighbour by that name and flats within this postcode go no higher than six.I checked, by paying a fee, to see if there was an M Bradley on the electoral roll. The nearest was several blocks away. Continue
  
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