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41 press releases from November 2013

29 November 2013

PwC - The number of UK people caught by the bonus cap could more than double according to latest EBA data

The European Banking Authority (EBA) has today published data relating to 'high earners' in 2012 (individuals who earn over EUR 1 million), which comes ahead...

28 November 2013

Autumn Statement 2013 - expected announcements concerning taxation of asset management firms - PwC comments

As part of the 2013 Budget, HMRC announced a review into UK Partnerships for tax purposes which will effect UK asset management firms and hedge...

PwC: European banks face capital shortfall of c. €280bn

A new report from PwC says European banks face a substantial capital crunch in 2014 through the combined impact of Basel III capital ratio requirements,...

27 November 2013

Dubai for Expo 2020

Please use any part of the following from PwC partner Matt Alabaster on the news (announced today, 16.30 UK time) that Dubai will host Expo...

Companies will need until 2024 to plug their pension deficits, says new PwC research

Companies are taking longer to meet their pension shortfalls despite diverting more cash into their schemes, according to new PwC analysis. PwC’s survey of 150...

26 November 2013

A third of UK asset management firms unsure if resource can manage regulatory risk - PwC poll

A new PwC poll of major UK asset management firms reveals that a third are unsure they have sufficient internal resource to manage their firm’s...

UK bank leverage ratio announcement – PwC UK financial services leader and Basel specialist comments

Kevin Burrowes, UK financial services leader at PwC, said: “While the merits of these ratios remain much discussed, the train has left the station and...

Companies under pressure over price

Shaky consumer confidence, stiff competition and increased transparency offered by the internet are forcing organisations to reappraise how they price their goods and services, says...

FTSE 350 companies complete cyber risk assessment

PwC has helped FTSE 350 companies complete the ‘Cyber Governance Health Check’ as part of an initiative, launched by MI5, GCHQ and the Department for...

25 November 2013

PwC Precious Plastic 2013: Student debt accounts for the first increase in unsecured borrowing since the financial crisis

UK households have paid off a quarter of their unsecured debt since 2008 – average household debt now around £5,900 (excluding student borrowing) Consumers remain...

23 November 2013

PwC's climate change team reaction to the closing day of COP19 in Warsaw

Comments below from the PwC team on loss & damage, ADP, climate finance, developing countries and the next steps. For further comment, or interview call...

22 November 2013

Met Police building world-leading cyber crime unit - PwC comments

Commenting on news that the Metropolitan Police is building a world-leading cyber crime unit, Charlie McMurdie, senior cyber security adviser at PwC, said: "The Commissioner's...

21 November 2013

Public borrowing figures - PwC comments

In response to public sector finance data released today, John Hawksworth, PwC’s chief economist, said: "Public borrowing in October was little changed from last year,...

UK tech awards 2013 - winners announced

Celebrating the breadth and depth of the blossoming UK tech market The winners of the UK tech awards, sponsored by PwC, were announced last night...

PwC Steps Up To Serve young people in Britain

PwC today pledges its support to the Step Up To Serve campaign, a collaboration across British society to inspire, recognise and support young people. Step...

19 November 2013

PwC climate change team comment on EU allocating 20% of budget to climate related projects and investments

Commenting on the announcement that 20% of the EU budget between 2014-2020 will be spent on climate related projects and investments, Jonathan Grant, director, PwC...

OIC Run-Off Limited and The London and Overseas Insurance Company Limited - announcement of an increased payment percentage to 58% and an update on the closure plans

A revised payment percentage of 58% has been set under the scheme of arrangement of OIC Run-Off Limited and The London and Overseas Insurance Company...

PwC comments on new guidance on asset-backed contributions

The Pensions Regulator has today issued guidance for trustees considering using asset-backed contribution (ABC) arrangements to fund pension schemes. You can find the guidance here:...

US midwest tornadoes - effect on London Market - PwC comment

Reeken Patel, insurance partner at PwC, comments on the effect on the UK London Market of the US midwest tornadoes that are currently affecting US...

UK continues ascent up tax system league table, reaching 14th place

· No ‘race to bottom’– as fall in tax rates grinds to halt globally · Employment taxes now the greatest share of tax burden for...

18 November 2013

PwC recognised as Top 100 Apprenticeship Employer

PwC wins London regional Apprentice Employer Newcomer of the Year and is recognised in the national top three. PwC, the professional services firm, has been...

Big cities pay the price for their success as new City index ranks regional cities top for ‘good growth’

Reading, Aberdeen, Edinburgh and Southampton rank as top UK cities in 2013 good growth index Regional cities in England, Scotland, Wales and Northern Ireland are...

15 November 2013

Michael Spiteri joins PwC’s insurance team

PwC has recruited Michael Spiteri as a partner in the firm’s insurance consulting team. He was previously a technology and operations partner with Accenture, where...

14 November 2013

Solvency II - 13th November trilogue discussions - PwC comments

Late last night policy makers in Brussels finally struck a deal on Solvency II that will pave the way to completing one of the most...

12 November 2013

UK Energy – Where does the industry go from here?

At the Energy UK conference today, Steve Jennings, partner, energy and utilities presented on 'Where does the energy industry go from here and what does...

PwC comment on ONS house price data: Average UK house prices could reach £300,000 by 2020

The latest monthly UK house price release from the ONS has shown that house prices have fallen slightly in September compared to the previous month....

PwC comments on Waking Shark II cyber simulation at UK banks

Richard Horne, cyber security partner at PwC comments: "Cyber security is recognised by the regulators and government as one of the most serious risks faced...

11 November 2013

What to expect in Warsaw – PwC Climate Change team analysis/contacts at UN Climate Summit

PwC preview of the UN Climate Change Conference (COP19), Warsaw (11-22 November 2013) "Science calls for urgent action on climate change but urgency is not...

08 November 2013

Typhoon Haiyan - PwC comments on effect on insurance

Commenting on the effect of Typhoon Haiyan on insurance, Mohammad Khan, insurance partner at PwC, said: "From what we are seeing this morning, Typhoon Haiyan...

07 November 2013

PwC: Trade repositories authorised - countdown to EMIR reporting begins

The European Securities and Markets Authorities has today approved the first trade depositories under European Market and Infrastructure Regulation (EMIR) which means that all derivative...

Workplace pension reforms - PwC's head of pensions comments

The Department for Work and Pensions (DWP) has today (7 November 2013) set out a range of proposals to reshape workplace pensions for future generations....

PwC comment on the Committee on Climate Change report

Jonathan Grant, director, PwC comments on the latest Climate Change Committee latest report which "reinforces the fourth carbon budget." "The Committee is right to highlight...

The most innovative TMT companies expect 90% growth rate over the next five years

How TMT companies can harness breakthrough innovation to grow revenue The most innovative 20% of Technology, Media and Telecom (TMT) companies expect a growth rate...

Housing and utility bills projected to account for almost a third of total consumer spending by 2030

Average real consumer spending growth of around 2% pa predicted to 2030 The UK economy has shown clear signs of recovery in 2013 – we...

05 November 2013

FCA strengthens listing rules - PwC comments

In response to the FCA's announcement today regarding strengthening listing rules, Richard Weaver, a PwC capital markets partner, said: "The FCA has had a difficult...

While the average number of holidays taken is increasing again, so is the proportion of consumers taking no holidays at all

Hard pressed consumers are trading down and shortening holidays to save money The latest PwC consumer behaviour and travel survey shows attitudes to travel and...

04 November 2013

Construction PMI figures - PwC comments

Commenting on today's latest construction sector PMI figures, Chris Temple, PwC UK Engineering & Construction leader, said: "If rising levels of recruitment and input buying...

PwC reacts to the London Living Wage increase

PwC today renewed their commitment, for the seventh consecutive year, to the London Living Wage, as London Mayor Boris Johnson announced a 25p increase bringing...

Survival is by no means certain for struggling UK law firms - PwC survey

Top tier outperforms whilst mid-market feels the squeeze Profit per equity partner for Top 10 law firms averaged £1million, up 6.1% on 2012, while a...

02 November 2013

Global Carbon budget to 2100 will be used by 2034 according to PwC analysis

Results show carbon budget limits are now within the planning cycle of major infrastructure and business investment decisions increasing the risk of stranded assets UK...

01 November 2013

Corporate failures at lowest levels since 2004 as lenders become more flexible

PwC analysis of today’s national corporate insolvency statistics found the number of company failures has decreased again as positive sentiment has seen banks providing more...
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