Keep up to date with the latest business and actuarial news in our weekly round-up…
Pret a Manger’s charitable foundation, the Pret Foundation, is to invest in a homeless hostel in London as part of a project to provide jobs and training for people who once lived on the street.
British digital bank OakNorth has reported that it secured $440 million in an investment round led by Japan’s SoftBank. The firm lends to small-to-medium enterprises through its digital platform.
The UK’s largest mutual insurer, the Royal London Mutual Insurance Society is to transfer £1bn of its assets to Ireland amid increasing concerns over no-deal Brexit.
The combined deficit of FTSE100 DB pension schemes increased by £1bn to £21bn during January 2019, it has been revealed.
Investment in financial technology start-ups more than doubled last year, with firms increasingly turning to algorithms and advanced modelling to inform business decisions.