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Acorn OakNorth rises to $2.3bn valuation as it closes fresh $100m fundraise

By on September 4, 2021

Thursday 6 September 2018 5:58 pm whatsapp whatsapp London fintech Acorn Oaknorth has been valued at $2.3bn (£1.8bn) after it secured $100m from two Singaporean state-backed funds EDBI and GIC, as well as NIBC Bank, Clermont Group, and Coltrane Asset Management.The deal represented a total 4.3 per cent holding in the group. The fresh capital, announced yesterday, will be used to power growth of its machine learning credit monitoring engine Acorn Machine, which the group currently licences to more than 10 international banks.Its UK business lending bank Oaknorth continues to be responsible for the majority of the group’s revenue, although co-founder Joel Perlman told City A.M. that it hopes Acorn will account for at least half of its profit in a few years time.The bank has lent over $1.7bn to more than 300 UK businesses since it secured a banking licence in 2015, while Acorn retains around $5bn in assets under service.Perlman said the group soon hopes to add a European office in Berlin to its network in New York, Singapore, India and Istanbul, although “not necessarily because of Brexit as we’re optimistic on that outcome”.There are, however, no plans on the cards for an initial public offering (IPO) any time soon. Acorn OakNorth rises to $2.3bn valuation as it closes fresh $100m fundraise “[Co-founder] Rishi and I have given ourselves 20 years to build the business. We still have 15 years left, and we want to build and build,” Perlman told City A.M..“IPOs appeal to others from the perspective of an exit, but that’s not for us,” he added.There are also no immediate plans to expand its UK bank internationally, although consultations are ongoing. Despite this, local growth of the bank continues to rise.Acorn Oaknorth as a group moved into a new office on Soho’s Broadwick Street last week, which City A.M. understands has the capacity for around 300 staff. Hiring for its Acorn engine had been a recent priority, with 30 new fintech hires planned this year and another 20 for Oaknorth in London alone.The group has secured $576m in funding to date. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal Pastinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverst Share Emily Nicolle read more

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How coronavirus killed the handshake

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first_img IMF Managing Director Kristalina Georgieva and World Bank Group President David Malpass bump elbows at the end of a joint press briefing on COVID-19 in Washington, DC, on March 4, 2020. (Photo by NICHOLAS KAMM / AFP) (Photo by NICHOLAS KAMM/AFP via Getty Images) Also Read: Elbow bumps and the Wuhan shake: How coronavirus killed the handshake Elbow bumps and the Wuhan shake: How coronavirus killed the handshake As well as avoiding contact with others who may have coronavirus, the NHS has suggested a series of measures to prevent the spread of the virus.  Show Comments ▼ Meanwhile, US politicians have invented their own hands-free method of greeting. US vice president Mike Pence bumped elbows with Washington state governor Jay Inslee on Thursday as he met with state officials over the outbreak.  Coronavirus fears have prompted a variety of novel greetings as people around the world avoid shaking hands, chief among them the so-called Wuhan shake.  It has since taken off worldwide: Mohammed Barkindo, secretary-general of oil cartel Opec, was caught shaking feet with Russian energy minister Alexander Novak in Vienna on Tuesday.  Finley Harnett whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerMisterStoryWoman files for divorce after seeing this photoMisterStorybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comAbsolute HistoryAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongAbsolute HistoryNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.com whatsapp And in Switzerland, where it is common to greet others with alternating kisses, health minister Alain Berset advised against “la bise” (the kiss). IMF Managing Director Kristalina Georgieva and World Bank Group President David Malpass bump elbows at the end of a joint press briefing on COVID-19 in Washington, DC, on March 4, 2020. (Photo by NICHOLAS KAMM / AFP) (Photo by NICHOLAS KAMM/AFP via Getty Images) Also Read: Elbow bumps and the Wuhan shake: How coronavirus killed the handshake center_img IMF Managing Director Kristalina Georgieva and World Bank Group President David Malpass bump elbows at the end of a joint press briefing on COVID-19 in Washington, DC, on March 4, 2020. (Photo by NICHOLAS KAMM / AFP) (Photo by NICHOLAS KAMM/AFP via Getty Images) A video of the Wuhan shake emerged on Twitter last week with the caption: “I love how people can adapt and keep a sense of humour about stressful situations.” In remarks published in the SonntagsZeitung newspaper on Sunday, Berset said: “We know that keeping one’s distance socially is the best way to slow the spread of the virus. Nicknamed the Wuhan shake, the allegedly coronavirus-proof greeting involves participants bumping each other’s feet instead of hugging, kissing or hand-shaking.  Friday 6 March 2020 4:22 pm These include washing hands thoroughly for 20 seconds, covering your mouth when you cough, and avoiding touching your eyes, nose or mouth. “That is why renouncing greeting kisses is a measure that should be seriously taken into consideration.”  Sharing a cartoon strip of alternative handshakes – including the “wave” and the so-called Thai mai, Dr Briand said: “We need to adapt to this new disease.”  Share Dr Sylvie Briand, director of the pandemic and epidemic diseases department at the World Health Organisation, endorsed alternative greetings on Twitter this week.  IMF managing director Kristalina Georgieva and World Bank Group president David Malpass were also spotted bumping elbows at a press briefing on Covid-19 in Washington, D.C. this week.   In Wuhan, the Chinese city at the epicentre of the Covid-19 outbreak, a new way of saying hello has gone viral. Tags: Coronaviruslast_img read more

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Finsbury Food Group share price rises after bumper £56m takeover of rival baker Fletchers

By on July 13, 2021

first_img Tags: Mergers and acquisitions Cake and bread-maker Finsbury Food Group said revenues grew to £57.3m during the four months to 27 September, showing organic growth of 3.9 per cent in the period.The trading statement came ahead of Finsbury’s annual shareholder meeting yesterday, where all the group’s resolutions were passed, and follows its £56m takeover of rival bakeries group Fletchers last month.“The UK bakery division grew by five per cent, with a particularly strong performance from the cake business. The overseas division, the company’s 50 per cent-owned joint export business, declined by 3.1 per cent as it reduced the level of promotional sales versus prior year to optimise returns,” said chairman Peter Baker at the meeting.In October, the group acquired Fennel Acquisition Limited, parent company of privately held bakeries group Fletchers, in a £56m deal that roughly doubled the size of Finsbury.“The directors are confident that the anticipated sales growth and scale efficiency benefits anticipated at the time of the acquisition will be realised in the coming months and years,” said Baker.Shares in Finsbury rose 4.13 per cent yesterday to 63p. More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Wednesday 26 November 2014 8:50 pm whatsapp Share Show Comments ▼ whatsapp Finsbury Food Group share price rises after bumper £56m takeover of rival baker Fletchers Oliver Smith last_img read more

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Directors support government plans for devolution to regions

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Express KCS Most business leaders are backing the government’s plans to devolve powers to cities and regions, according to a new survey out today.Two-thirds of business leaders polled by the Institute of Directors (IoD) said they supported chancellor George Osborne’s plans for devolution, while more than 75 per cent said they specifically backed devolving powers over housing, planning and transport.But more than half of IoD members surveyed said that they were concerned devolution could lead to higher taxes and compliance costs, saying they opposed letting local authorities alter the rates of national insurance, income tax, corporation tax and VAT.James Sproule, director of policy at the IoD, said: “The ultimate goal is to create vibrant local and regional economies, each competing to deliver efficient transport systems and workers with the right skills.” He added: “However, if local authorities seek to avoid political responsibility for devolved issues or to boost their coffers by hiking taxes and creating obstacles to business, the great opportunities of devolution will be lost.” Directors support government plans for devolution to regions Share Sunday 26 July 2015 11:08 pm Tags: English devolution Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap whatsapp Show Comments ▼ whatsapp read more

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News / IAG Cargo blames overcapacity and lack of demand for flat results in 2015

By on July 4, 2021

first_imgBy Alex Lennane 26/02/2016 As a result, the carrier would continue with a strategy of “aggessive cost discipline” and a focus on premium high-yield products.Its express product revenue grew 14%, while pharma, in which it has made significant investments, rose an impressive 37%.“Despite an initial boost from the US west coast port strike, 2015 was a year where the market forces of supply and demand became increasingly imbalanced,” said Mr Crawley.“We have exercised strict capacity management where needed and grown our premium products through investing in infrastructure, network and expertise.”He added: “In 2016 we will be making major infrastructure announcements which will deliver next generation facilities and premium product experience for our customers.”He said IAG was launching new destinations, including Lima, California’s San Jose, and Costa Rica, as well as integrating Aer Lingus this year.“These results show our determination to maximise profitability and our new revenue management system, Optima, allows us to manage our capacity and set price more effectively. It is by enacting sensible commercial policies like this that we are able to reinvest in our products and services.”While one major forwarder told The Loadstar that IAG was “OK”, but lagged the quality of service offered by the Gulf carriers, another source noted that IAG Cargo’s EuroConnector service, a time-definite short-haul service for shipments under 300kg, was “a smart move”.Guaranteed delivery times together with a simple pricing plan was a benefit for both the carrier and forwarders, he added, and could make the airline money in a market in which others were failing.“Steve Gunning may have been quiet, but he had some good ideas. I was impressed.”Mr Gunning has become CFO of British Airways. It would appear that Mr Crawley, who came from the passenger side – and, according to a source at LHR, didn’t see Cargo as his dream job –is sticking with the same strategy.“IAG Cargo’s model and clear strategic direction has proven its worth in 2015 and we remain confident that the right strategy is in place for 2016,” he said. IAG Cargo today blamed “excess capacity and reduced demand” for a 4.6% fall in adjusted commercial revenues in 2015.While it reported a 3.2% rise in commercial turnover, to €1bn for the year, revenues fell on a like-for-like basis, it said.Yields were down 4% – not a bad result when, according to WorldACD, air cargo industry yields fell 14% last year. Volumes for the carrier were flat while capacity grew 3%.In Andrew Crawley’s first media statement since taking over from Steve Gunning as head of IAG Cargo in January, he noted “significant price and yield pressures”.last_img read more

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People / ‘A no-brainer’ – shipping calls on government for another £15m for cadet training

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first_img By Alexander Whiteman 16/12/2016 The UK Chamber of Shipping has called on the government to pump a further £15m into seafarer training to create thousands of jobs for young people and reduce education costs to shipowners.By doubling its investment in its Support for Maritime Training (SMarT) programme, the government could fund the training of a further 400 cadets a year under a new proposal that would see shipowners commit to employing cadets.Shell and Carnival have already committed to the scheme, detailed in a report to the Department for Transport and developed by the UK Chamber of Shipping, Merchant Navy Training Board and Nautilus International.Chief executive of the UK Chamber of Shipping Guy Platten said there are two credible candidates for every cadetship offered, proving there was no shortage of supply of UK and UK-based citizens wanting a career at sea.“We are seeking a very small increase in the government’s cash contribution to seafarer training and in return we are promising huge economic benefits and job creation over the long term,” said Mr Platten.“There are young people who want to go to sea, and there are companies who want to employ them. This is a no-brainer.”According to the report, the UK is the second most expensive place in the world to train a seafarer, noting that whilst SMarT covered 50% of training costs in the late 1990s it now covers barely a third, with the remainder paid for by shipowners.However, it adds that once trained each seafarer brings a £57,900 boost the UK economy through productivity and their own individual consumer power – more than £17,000 higher than the national average.Mark Dickinson, general secretary of seafarer trade union Nautilus International said the support being sought was a “drop in the ocean”.“It would amount to less than the cost of building a mile of motorway,” added Mr Dickinson. “And our analysis shows that it would be repaid many times over with the creation of thousands of quality jobs at sea and ashore in the wider maritime cluster.”The report says that by government doubling its investment to £30m, the industry would deliver a £70m annual yield that could be scaled up with additional investment.Shipping, says Mr Platten, is a meritocratic industry, allowing people from all backgrounds “tremendous” opportunities at sea.“If the government is serious about building a country that works for all – we are ready and waiting to help.” © Ninelle777 | Dreamstime.comlast_img read more

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Co-existence and Co-prosperity North Korea Policy Confirmed

By on June 19, 2021

first_img SHARE News News The “direction” of the Lee administration’s policy towards North Korea has been confirmed as the “development of the mutual-prosperous inter-Korean relations based on the pragmatism and productivity.” The four principles of the policy towards North Korea are pragmatism and productivity, a flexible, principled approach, national consensus, and harmony between international cooperation and inter-Korean relations. An affiliate with the Lee administration said, “To put it briefly, the motto of the Lee Myung Bak administration’s policy on North Korea is confirmed as ‘co-existence and co-prosperity.’”According to the affiliate, the standards of the policy are do the people agree with the policy; can the policy affect the improvement of North Korean people’s quality of life; can it promote North Korean development; can it contribute to peaceful reunification? Regarding the “Vision 3000,” the affiliate explained that, in accordance with the conclusion of a nuclear solution, the Vision 3000 will be pursued. Regarding humanitarian aid, which is currently controversial, it is a basic position to supply aid to North Korea from the view of universal humanitarian and brotherly love. The Lee administration will actively try to solve the POWs and abductees problems as a national basic duty to protect its people. By Daily NK – 2008.07.29 3:18pm Facebook Twitter News RELATED ARTICLESMORE FROM AUTHORcenter_img North Korea tries to accelerate building of walls and fences along border with China AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] News Co-existence and Co-prosperity North Korea Policy Confirmed There are signs that North Korea is running into serious difficulties with its corn harvest Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak last_img read more

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War Abductee Families Call for 2013 Push

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first_img There are signs that North Korea is running into serious difficulties with its corn harvest Facebook Twitter North Korea tries to accelerate building of walls and fences along border with China AvatarPark Seong Guk News By Park Seong Guk – 2013.05.24 8:36pm News South Korean NGO “Korean War Abductees’ Family Union (KWAFU)” has submitted a civil petition to the South Korean government urging greater focus on the issue of Korean War abductees during the remainder of this year, the 60th anniversary of the war of 1950-1953. In the coming December the government is due stop accepting reports from those wishing to register cases of Korean War abduction, a project that began in January 2011. However, few applications have so far been received and the project has received a lukewarm societal reaction. It is this that inspired KWAFU to submit the petition on May 21st, it revealed today. Most notably, since this July marks the 60th anniversary of the end of the war, the petition calls for the production of a documentary on the issue by a public broadcaster (KBS is named), which KWAFU believes would help to elevate public interest and drive further reporting of cases.“Roughly 20,000 of the wartime abductees were the leaders and intellectuals who founded the Republic of Korea,” the text of the petition declares, “Many were also children and young adults forcibly abducted for reconstruction during and after North Korea’s prosecution of the war. That was around 100,000.”Although the petition notes the “exceedingly meaningful” enactment of a law on the issue in 2010, it also goes on to point out, “More than 60 years have now passed, yet still the people do not know about the wartime abductions issue, and since there have been few applications from families there are difficulties in implementing the law.”According to the head of KWAFU, Lee Mi Il, “We have been using diverse methods of promotion, including banners, posters, radio, electronic signboards, TV caption adverts, video adverts, and SNS.” However, “To get the participation of families, the role of TV is important.”“We registered the civil petition on the 21st and are waiting for an answer, but have not received anything yet,” she added, noting also, “We have filed a number of petitions about wartime abduction before, but have never received a satisfactory response.”center_img War Abductee Families Call for 2013 Push Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak SHARE News News RELATED ARTICLESMORE FROM AUTHORlast_img read more

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IOSCO issues final principles for financial benchmarks

By on June 18, 2021

James Langton “Benchmarks are a useful and important tool in many financial markets. These principles set out clear and robust standards that will improve their construction and oversight of benchmarks, and form an important step in restoring their credibility,” said Martin Wheatley, CEO of the UK Financial Conduct Authority (FCA), who co-chaired the IOSCO task force that developed the principles, along with Gary Gensler, chairman of the US Commodity Futures Trading Commission (CFTC). “Given the known problems with LIBOR, EURIBOR and other significant market benchmarks, I am pleased that the IOSCO principles issued today require that benchmarks be anchored by observable transactions and subject to robust governance processes that address potential conflicts of interest,” added Gensler. IOSCO says that the principles provide a framework of standards that can be met in different ways. Along with a set of high level principles, it also sets out more detailed principles for benchmarks that have specific risks due to their reliance on submissions and/or their ownership structure, it notes. It calls on benchmark administrators to publicly disclose their compliance with the principles within 12 months, and says that IOSCO intends to review the extent to which the principles have been implemented within 18 months. Share this article and your comments with peers on social media Companies International Organization of Securities Commissions Global securities regulators have issued a new set for principles for the operation and oversight of financial benchmarks, in the wake of the LIBOR (London Interbank Offered Rate) manipulation scandal. The International Organization of Securities Commissions (IOSCO) published its final report Wednesday setting out principles for financial benchmarks, which aims to help improve the integrity, reliability and oversight of these sorts of financial benchmarks by establishing guidelines for benchmark administrators in terms of governance, benchmark design, the quality of the rate-setting methodology, and, accountability mechanisms, such as complaints processes, documentation requirements and audit reviews. Facebook LinkedIn Twitter read more

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HNW women lack plans for wealth transfer

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first_imgManulife partners with ExamOne for new Vitality program 123RF Former RBC DS portfolio manager to helm new family office A large proportion of high net-worth (HNW) women wield control — solely or jointly — over their family’s finances, including investments, according to an international survey by RBC Wealth Management (U.S.), published Wednesday. But when it comes to sketching out a wealth-transfer strategy, only a thin slice of this demographic (22%) have a plan in place. Macklem points to child care, education to help ease protracted employment recovery That’s in contrast to about 30% of men who say they’ve developed a plan, the survey report says. With American seniors poised to leave US$3.2 trillion in wealth to the next generation in the coming years, there’s a growing need for a “solid wealth transfer plan,” particularly among women who, on average, are expected to live longer than men, says Angie O’Leary, head of wealth planning at RBC Wealth Management. “Women are becoming an economic powerhouse in the U.S.,” O’Leary said in a statement, adding that more discussions about the transfer of wealth need to be held with benefactors. “A growing number [of women] are moving into the corporate ranks while others are starting their own businesses.” Of the 1,752 HNW women surveyed in the U.S., Canada and the U.K, 84% said they have joint or full responsibility for the family’s investments. Even as women are exercising more control of the family’s finances, few are taking the necessary measures to address how they plan to hand off their assets. This lack of preparedness, in part, may be attributed to anxieties that women have about not having enough money to fund a lengthy retirement. Only 27% intend to pass on their wealth during their lifetime. Among this group, 27% say they prefer to hold on to their wealth until they die — as opposed to a gradual transfer — because they don’t feel they have enough to give away. The survey also found that few members of the younger generation are receiving enough guidance on how to manage their inheritance. For example, just 29% of female inheritors surveyed say they’ve had support in determining how to use their assets, vs 37% of males. Still, as unprepared for the wealth transfer as many women may be, the subsequent generation may fare better in handling its inheritance. Among the women surveyed, 92% are making or intend to make the effort to educate their children on financial issues. Millennial women, the survey suggests, are starting to see the impact of those efforts, with slightly more than half (51%) saying they feel confident in their financial literacy. The study, which was conducted from June to August 2016, surveyed women with an average of US$4.4 million in assets. Watch: Make HNW client meetings a positive experience Photo copyright: stockasso/123RF Share this article and your comments with peers on social media BMO’s adviceDirect launches premium service Facebook LinkedIn Twitter Keywords High net-worth clients,  Women Related news Beatrice Paez last_img read more

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