Executive Summary In the midst of the global coronavirus pandemic, people around the world are experiencing tremendous stress and anxiety, and financial advisors are fielding worried calls and emails from clients who need to be calmed. Yet the reality is that financial advisors aren’t immune, and are also dealing with exceptionally high levels of stress, […]
Archives for March 2020
Delay to new pension transfer rules ‘very disappointing’
The FCA’s long-awaited pension transfer rule changes are likely to be pushed back by at least six months in a move described as “very disappointing” by a leading pensions actuary and consultancy firm. LCP says it is disappointed that an update to the FCA’s website suggests a significant push back. The FCA planned rule changes […]
Zomato, Swiggy ordered to shut down in several states
Online food delivery platforms Zomato and Swiggy have been ordered to shut down in several states during the 21-day lockdown despite the union government’s guidelines categorizing food delivery under essential services. Tamil Nadu and parts of Punjab, Uttar Pradesh, Gujarat, Goa, Chhattisgarh, Bihar, Assam, and Pondicherry have not allowed food delivery businesses to operate during […]
Tokyo Olympics Postponed, But 5G Security Lessons Shine
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FCA to allows companies to delay accounts
The FCA and other regulatory bodies are to allow listed companies an additional two months to file their accounts due to the Coronavirus outbreak. All companies can also request a 3 month delay in filing annual accounts at Companies House. Those citing issues around Coronavirus will be automatically granted an extension via a ‘fast-tracked process.’ […]
Qatar offers LNG cargoes after Indian buyers cancel cargoes – sources
SINGAPORE (Reuters) – Qatar Petroleum has made a rare approach to several buyers in Asia and Europe offering liquefied natural gas (LNG) cargoes in the spot market, three sources familiar with the matter told Reuters. The exact volumes offered by Qatar could not be confirmed, but the company has offered the cargoes for loading or […]
Treasury yields fall ahead of US jobless claims data
U.S. government debt prices were higher Thursday morning as investors look ahead with trepidation to U.S. jobless claims data amid widespread coronavirus lockdowns. At around 3:00 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at 0.8049%. The yield on the 30-year Treasury bond was also down at […]
Amazon stops cash payments to curb Covid-19 spread
Amazon India has stopped accepting cash—the most popular mode of payment—for transactions to encourage contactless deliveries during the 21-day lockdown to curb the spread of Covid-19. “New ordering is available only on essential products through pre-paid payment methods,” the online retailer said on its website. The move helps delivery partners and customers stay safe by […]
Six steps to build an effective business continuity plan
A business continuity plan (BCP) is a comprehensive plan with contingencies for business processes, assets, human resources, and business partners in case of an emergency. It defines steps that can be taken to re-establish productivity, secure key assets, and continue operations despite the disruptions. BCPs are a necessary tool in ensuring your business preparedness. They […]
Spotify launches music relief project to help artists
Spotify said on Wednesday it had launched a COVID-19 music relief project to raise funds for musicians as the coronavirus pandemic grounds life to a halt in most countries, while taking a toll on the economy. The music streaming platform, which had about 124 million paid subscribers, also partnered with non-profit organizations such as MusiCares […]