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

 

Metro Bank wins lion’s share of RBS-funded competition scheme

Metro Bank has clinched the biggest award to date from a £775m scheme meant to boost competition in the banking sector, despite the revelation of a major accounting blunder at the high street lender last month.

Daimler, BMW to invest 1 billion euros in venture to rival Uber

German carmakers Daimler and BMW unveiled a joint ride-hailing, parking and electric car charging business on Friday to compete with mobility services provided by Uber and other tech firms.

Communication named most desired quality in actuarial consultants

Communication skills are the most valued quality in actuarial consultants, a survey of 100 senior pension trustees has found,  but many are finding this to be in short supply.

Cathedral City maker Dairy Crest to be bought by Saputo

Dairy Crest, whose brands include Cathedral City cheddar and Country Life butter, has agreed to be bought by a Canadian company in a near-£1bn deal.

Bolsonaro proposes pension overhaul for Brazil

The new president of Brazil has put forward a plan to revamp the country’s pension system – tackling a reform considered critical to boosting growth of South America’s biggest economy.

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