Keep up to date with the latest business and actuarial news in our weekly round-up…

 

Pret a Manger charity to invest in homeless hostel in London

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.

SoftBank leads $440 million investment in UK fintech OakNorth, valuing it at $2.8billion

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.

Royal London to transfer £1bn of assets to Ireland over ‘no-deal’ Brexit concerns

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.

FTSE 100 pension scheme deficit rises to £21bn

The combined deficit of FTSE100 DB pension schemes increased by £1bn to £21bn during January 2019, it has been revealed.

Global FinTech investment hits record high

Investment in financial technology start-ups more than doubled last year, with firms increasingly turning to algorithms and advanced modelling to inform business decisions.

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