insurance
Insolvencies will increase litigation against company directors
A changing commercial and legal environment means directors are faced with increased risk of litigation if a company goes bankrupt. As the credit crunch increases Simon Goldring, partner and Charlotte Lilley of City law firm Reynolds Porter Chamberlain LLP look at what has changed and what steps directors should take to manage these risks.
Managing the cost of fleet insurance
From fuel costs to health and safety, companies with vehicle fleets have seen costs spiraling in recent years. One way to manage costs is to examine current insurance policies, with a view to obtaining lower insurance quotes and thus reducing the costs of premiums. Peter Blanc from Oval Insurance Broking outlines a number of ways that insurance costs could be curtailed and details how a structure of payments, using premium financing options might benefit a company in these days of restricted cashflow.
How to inflation-proof your pension
Laith Khalaf, a pensions analyst at Hargreaves Lansdown explains some of the pitfalls associated with setting up a pension and outlines a series of strategies to suit most circumstances. As the recession bites and redundancies loom, understanding how you should manage your pension becomes more important.
Better insurance claims handling will benefit the balance sheet
As credit becomes tighter and companies more litigious, management can at least reassure corporate finance departments that improved insurance payment times have arrived. Balance sheet working capital can but benefit from the new electronic claims system sweeping the insurance industry, writes James Sterling.
Risk in insurance contract compliance
Paul Hopkin, technical director at AIRMIC takes a look at the issues of risk, tax and compliance for a company's international insurance policies. All is not as clear as some firms might suppose.
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more