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44 press releases from October 2013

31 October 2013

Government considering charging Capital Gains Tax when foreign buyers sell property - PwC real estate partner comments

In response to reports that the Government is considering charging Capital Gains Tax when foreign buyers sell property, Rosalind Rowe, real estate tax partner at...

ABI Solvency II Conference - PwC Solvency II partner comments

In response to the announcements made at the ABI Solvency II Conference held today, Charles Garnsworthy, partner and PwC's UK Solvency II Leader, commented: "Today's...

Basel Group trading book capital requirement announcement: PwC Basel experts comment

In response to the Basel Group proposing an overhaul of trading book capital requirements today, Richard Barfield, a PwC financial services director and Basel specialist,...

PwC comments on energy competition assessment

Commenting on the energy market assessment announced by Ed Davey MP today, Ronan O'Regan, Director, PwC Energy & Utilities said "With all eyes on the...

DWP's cap on workplace pensions charges effect on insurers - PwC comments

Following the Department for Work and Pensions (DWP) consultation, published yesterday, which outlined plans to cap workplace pension charges at 0.75% a year, PwC partner...

EMR & Smart Meter specialists appointed to PwC's energy team

PwC has made two strategic appointments to its energy and low carbon team in the UK. Ronan O'Regan, director, has been appointed to lead the...

30 October 2013

FCA Asset Management Conference 2013 - PwC regulation partner comments

Commenting on the announcements made at the 2013 FCA asset management conference that is taking place today (30th October), Amanda Rowland, partner and head of...

PwC launches new integrated risk management service for pension scheme trustees

PwC has launched a new service to help pension scheme trustees tackle the disconnect between funding and risk management decisions which often arises from the...

PwC and Booz & Company Announce Signing of Conditional Merger Agreement

NEW YORK, 30th October 2013 - PwC and Booz & Company are pleased to announce that they have signed a conditional merger agreement. The proposed...

29 October 2013

Cap on workplace pension charges

The Department for Work and Pensions (DWP) is expected to publish a consultation tomorrow (Wednesday 30th October) outlining plans to cap workplace pension charges at...

Europe’s non-performing loans now total more than €1.2 trillion

UK banks top the 2013 non-core loan portfolio transaction table with €13bn deals reported in the year to date Commercial real estate (€15bn) and unsecured...

28 October 2013

Where’s the talent? 100% of surveyed UK asset management firms think the market is lacking appropriately qualified compliance staff - PwC

A new PwC poll of major UK asset management firms reveals that 100% believe there is a lack of appropriately qualified compliance staff in the...

PwC Insurance partner comments on the UK storm St Jude

Commenting on the UK storm St Jude that hit last night, Mohammad Khan, insurance partner at PwC said: "The UK insurance sector will pick up...

25 October 2013

PwC comments on the new fines and severe penalties in the European Data Protection directive

European MEPs have voted in favour of a series of changes to the European Data Protection regulation that will have a significant impact on how...

Energy prices – PwC looks at the options

What are the options? Doing nothing - Climate change isn’t going away The bigger picture Since the proposal at September’s party conference to freeze energy...

23 October 2013

W R Refrigeration Limited – in administration (“WR” or “the Company”)

W R Refrigeration Limited – in administration (“WR” or “the Company”) Eddie Williams and Rob Hunt of PwC were appointed joint administrators of W R...

ECB Comprehensive Assessment: PwC UK financial services leader comments

The ECB has today announced further details of its comprehensive assessment of eurozone banks in preparation for taking up full responsibility for supervision of banks...

21 October 2013

PRA Solvency II consultation paper - PwC comments

In response to the PRA's publication of 'Solvency II: applying EIOPA's preparatory guidelines to PRA-authorised firms' today, Charles Garnsworthy, PwC's UK Solvency II Leader, commented:...

UK tech awards 2013 - shortlist announced

An opportunity to celebrate the breadth and depth of the blossoming UK tech market The shortlist for the UK tech awards, sponsored by PwC, demonstrates...

17 October 2013

PwC UK announces investment in Central and Eastern Europe

PwC UK is to invest in the growth of PwC’s Central and Eastern European (CEE) firm over the next three years, to enhance the CEE...

Forex probe - PwC's UK financial services leader comments

Commenting on the current probe into possible manipulation of the foreign exchange markets, Kevin Burrowes, a PwC' UK financial services leader said: "Unravelling whether there...

PwC comment on the Social Mobility & Child Poverty Commission annual report

Responding to the findings of the Social Mobility & Child Poverty Commissions’ annual report, Paul Cleal, partner, PwC, and member of the Commission, and Ian...

16 October 2013

FCA complaints and redress data - PwC redress and remediation expert comments

In response to the the publication of the FCA's complaints and redress data today, Ian McConnell, a PwC financial services partner and redress and remediation...

15 October 2013

PwC responds to Competition Commission final report

In response to the Competition Commission's final report into the statutory audit services for large companies market, James Chalmers, head of assurance at PwC, commented:...

13 October 2013

Companies need better finance functions to catch the next wave of growth

UK companies need to overhaul their finance functions or suffer competitive disadvantage as the economy recovers and growth opportunities return, says PwC’s Finance Effectiveness Benchmark...

11 October 2013

AIM IPO values rocket 142% year on year as 2013 Award Winners announced in London

The AIM market raised €564m through company floats during the third quarter of 2013 – almost 2.5 times more than the amount raised in the...

PwC’s growing cyber security practice recruits new partner from Barclays Bank

Richard Horne, former managing director of cyber security at Barclays Bank, is joining PwC as a partner in its cyber security practice. Richard, who joins...

10 October 2013

PwC staff dress down for charity

Property partners at PwC, including head of the real estate practice Craig Hughes, have never looked so relaxed. They have exchanged suits and ties for...

PwC strengthens its real estate asset management services with two industry hires

PwC has appointed a director and senior manager to its real estate practice to help expand its growing asset and investment management services. Simon Marriott,...

Global Semiconductor Consumption Forecast to Rebound with 6.5% Compound Annual Growth Rate

Automotive and Industrial Sectors Expected Sources of Largest Increase PwC’s Semiconductor Report: Spotlight on Automotive forecasts an increase of US$109 billion between 2012 and 2017...

09 October 2013

PwC’s Paul Cleal wins Race for Opportunity Award for leading the way on ethnic diversity in UK businesses

Paul Cleal, partner and government & public sector leader at PwC, has been recognised as a leader in developing diverse workforces after winning the Champion...

CDP launches 2013 FTSE 350 report: Global climate change will have major impact on UK PLC

CDP today launches its FTSE 350 Climate Change Report 2013. In the wake of the 5th assessment report (AR5) just published by the Intergovernmental Panel...

07 October 2013

PwC comments on Bank of England and FCA responses to the Parliamentary Commission on Banking Standards

Commenting on the remuneration aspects of the Bank of England and Financial Conduct Authority responses to the report of the Parliamentary Commission on Banking Standards,...

UK DIGITAL AD SPEND HITS RECORD 6 MONTH HIGH OF £3bn AS BRITONS SPEND 1 IN 12 WAKING MINUTES ONLINE

Entertainment and social networks/blogs account for over one third of UK internet time Digital ad spend up 17.5% to record six-month high of over £3...

Optimism surges in financial services sector – CBI/PwC

CBI_PwC Financial Services Survey 7 Oct 2013.pdf (632KB) CBI_PwC Financial Services infographic Oct 2013.pdf (242KB) Profits grow but business volumes fall Optimism in the financial...

04 October 2013

Ian Powell says it's time to close the trust gap

Ian Powell, PwC’s Chairman and Senior Partner, has called for renewed efforts to improve the understanding of businesses’ contribution to society. Speaking at PwC’s 11th...

03 October 2013

Solvency II start date postponed until 2016 - PwC Insurance partner comments

European Commissioner Michel Barnier has put forward a draft Directive which postpones the Solvency II start date to 1 January 2016. Paul Clarke, partner and...

PwC: UK Insurance M&A deals value jump up by over 350% in H1 2013

Total deals value of €1.5bn in H1 2013 compared with €344.6m in H1 2012 Research from PwC has found a significant year on year increase...

EIOPA publishes final guidelines on Solvency II preparation - PwC Insurance partner comments

The European Insurance and Occupational Pensions Authority ("EIOPA") has recently published its final guidelines for the preparation of Solvency II, in response to the public...

PwC response to FCA consumer credit consultation paper

In response to the FCA’s publication of the latest consumer credit consultation paper, David Kenmir, a PwC financial services regulation partner and former FSA Managing...

02 October 2013

Knock-off Britain: counterfeits and the perils of 'normalisation'.

Counterfeit goods have gone mainstream with British adults regularly buying counterfeit alcohol, cigarettes, medicines, films, music, clothes and car parts, says a new study by...

Top UK Businesses Address Cyber Risks

The UK’s top business leaders are reviewing how well their boards understand cyber security risks by taking part in the ‘Cyber Governance Health Check’. By...

PwC: European financial services M&A activity up by 90% in H1 2013

Total deals value of €42.3bn in H1 2013 compared with €22.2bn in H1 2012 Research from PwC has found a significant year on year increase...

01 October 2013

Lehman administrators announce £650m agreement which will benefit creditors

The joint administrators of LB Holdings Intermediate 2 Limited (in Administration) (LBHI2) today announced that LBHI2 has entered into a commitment letter and head of...
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