Vegans will soon have an investment product that reflects their values, with the first vegan ETF set to launch on the New York Stock Exchange (NYSE) next month. The US Vegan Climate Exchange Traded ETF will debut on the NYSE on Sept. 10. The fund, which has been developed by Beyond Investing LLC, will track the US Vegan Climate Index, which the firm launched in June 2018. The index starts with the S&P 500 universe and then excludes firms...
Retired couple Teddie and Vesta always imagined they would live out their golden years with dignity. He is 85, and served one company for 46 years as a cleaner, eventually rising to become a receptionist. Vesta says that increasing inflation has robbed them both of a comfortable retirement. A year ago Teddie's monthly pension was worth $80 (£66), it's now worth $10. "I am saddened when I see my beloved sitting in that corner from morning to night," Vesta...
I was standing at the top of the highest point in Africa – Mt. Kilimanjaro – with friends and clients several years ago. I considered all of the hours of meticulous planning and training that went into the successful five-day hike to the top. While struggling to catch my breath at nearly 20,000 feet above sea level, I had a somewhat disturbing epiphany. My journey was not over. In fact, it was far from over. I was standing on...
In 2012, two monumental developments took place in the world of technology. Mark Zuckerburg announced in a status update that Facebook had reached over 1 billion active monthly users. Meanwhile, the European Commission proposed an unprecedented reform of the EU's data protection rules, which is now known as GDPR. These developments indicated something very significant — every major corporation, institution and enterprise in the world was shifting business, operations and profit models towards data-sharing in some respect, and this...
Britain’s biggest companies, investors and pension funds must come clean to investors on the financial risks they face due to the climate crisis, MPs have said. The environmental audit committee (EAC) has called for the City of London to face mandatory climate reporting within the next three years to avoid jeopardising hundreds of billions of pounds worth of pension savings. The cross-party committee of MPs criticised ministers for failing to take specific steps to drive forward climate disclosure plans,...
The U.S. Department of Labor (DOL) has released a final rule which should make it easier for smaller businesses to provide retirement plans to their employees. According to the DOL, the rule will enable more small and midsize unrelated businesses to join forces in multiple employer plans (MEPs) that provide their employees a defined contribution plan such as a 401(k) plan or a SIMPLE IRA plan. Certain self-employed individuals also can participate in MEPs. In October 2018, the DOL...
Legal & General has jumped the gun on the government’s plans for a state-backed service enabling people to see all their pension entitlements on one web page and snapped up a private financial technology company attempting to provide a dashboard service. The insurer said it had bought the company behind My Future Now for an undisclosed sum and would be making its service available to customers and financial advisers. My Future Now was founded in Poole, Dorset, and enables...
Oyo State Chapter of Nigerian Union of Pensioners’ (NUP) Radio station, “Pensioners Radio” will be commissioned in September by Governor Seyi Makinde. The union’s secretary, Comrade Segun Abatan, broke the news when the management of Oyo State Ministry of Information, Culture and Tourism, led by its Permanent Secretary, Dr. Bashir Olanrewaju, visited the Pensioners’ House at Jericho, Ibadan, to witness the test transmission of the radio station. Abatan said the radio station was the first of its kind in...
Back in 2016, there was a referendum that caused Brexit, which has since been affecting all spheres of British life. Would Brexit’s effects be positive or negative for the fintech industry in the United Kingdom? We asked experts from the London Fintech Week, the U.K. in a Changing Europe, the University of Nottingham and more. Meanwhile — and this should be underlined — a lot of experts declined to give comments on such a politically sensitive topic. While the...
The UK’s Fintech (Financial Technology) sector is on the rise – despite Brexit uncertainty investors have put $16bn into the UK fintech market in just the first-half of 2018, a level of investment surpassing that of both the US and China. The UK remains the main hub in Europe for financial technology start-ups, providing over 60,000 jobs. Cloud Computing & The Foundations of Banking: In a highly competitive market, high-street banks are in pursuit of digital transformation with business...
