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A hub of news on current industry and technical issues, advice and career development support.
Singapore 2017 Once again the ACT was delighted to be invited to lead the Corporate Treasury workshop at this year’s GTR Trade and Treasury week in Singapore, the world’s largest event bringing these two disciplines together. Our venue was the extraordinary expo and convention centre that is the Marina Bay Sands – the three-legged hotel with the infinity pool on top, complete these days with a Singapore bumboat experience in the shopping ‘streets’! Delegates were offered not just the ACT on treasury but workshops, plenary sessions and discussion groups on all things trade and trade finance. And the state of
Whilst most treasuries will be thinking about their strategic priorities for 2018, some may not be considering how their team’s performance will impact their business’ ability to meet those priorities. For many managers, training and development happens when you’ve got a problem in your team so it can tend to be quite reactive in nature. Taking a more strategic approach to the planning of any training and development activities can reap so many benefits. Some questions to ask yourself: Do you know what your organisation’s overall strategic objectives are for 2018? Have you started planning how your treasury priorities fit
This month’s PPF 7800 index (1) revealed an aggregate deficit of £180bn for the defined benefit (DB) pension schemes within its sphere, at 31 July 2017. Although this is a significant level, it compares favourably with the deficit position at July 2016 (2), when the level was £333bn. Funding comparisons July 2016 June 2017 July 2017 Aggregate balance -£333.5bn -£186.2bn -£180.1bn Funding ratio 81.4% 89.1% 89.4% Aggregate assets £1,458.4bn £1,514.6bn £1,524.7bn Aggregate liabilities £1,791.8bn £1,700.8bn £1,704.8bn Data set / assumptions Purple 16 – A7 Purple 16 – A8 Purple 16 – A8 PPF7800 Index August 2017 The improvement in the
Why attending the inaugural event in the ACT Diversity and Inclusion Calendar: ‘Bridging the gender gap’ is essential – a guest blog by Agnes Favillier, Chair of the ACT Future Leaders in Treasury (FLiT) group Rarely does a week pass without diversity being discussed in the public space. In recent weeks, we’ve debated the gender pay gap when the BBC published the salaries of its 96 highest paid employees, President Trump announced he wanted to ban transgender people from the US military, Google fired one of its employees over a memo discussing reasons for gender imbalance in the Silicon Valley workforce,
You may be aware of a story that emerged in the news recently about a web developer who emailed her boss explaining that she wasn’t going to make it in for work because she needed to, “focus on [her] mental health.” (Metro, 10 July 2017) It was the boss’ reply, however, that made the story go viral. “I just wanted to personally thank you for sending emails like this”, went the boss’ reply, commending his member of staff for “highlighting the importance of using sick days for mental health.” (ibid) While not many of us would dream of hitting send
I was at the City of London Green Summit which took place on 31 May – 1 June and was asked by Sir Roger Gifford (SEB) to give a few opening words on the second day. The audience was comprised of the ‘already converted’ or ‘evangelists’ as one person called them, so I was asked to challenge them (a little 😊). In summary, I had the following to say: My teenage daughter’s view is ‘tell them people are dying, we need to do more!’ (I get that). Awareness is still low, and green finance is not a ‘hot topic’ in the
On 30 June 2017 the Association of Corporate Treasurers (ACT) was awarded Best Association Conference at this year’s Conference Awards (organised by The Global Conference Network) for the ACT Annual Conference 2016, which took place at the ACC Liverpool on 18-20 May 2016. It’s a great achievement and recognition for all the hard work and planning that goes into making this leading treasury event come together – our thanks to all the speakers, sponsors, exhibitors, volunteers, venue and of course, our delegates for helping to make this such a success. OUR ENTRY: Association of Corporate Treasurers – ACT Annual Conference The ACT
Now into its fifth year, the ACT’s annual survey of contemporary treasurers has been published and provides some enlightening information. Entitled, ‘The Business of Treasury’, the report provides data and findings from a survey on a wide range of issues such as board reporting, the strategic impact of treasurers, sources of funding and the importance of treasury qualifications. The survey randomly selected 196 qualified treasurers from the ACT’s membership base who gave anonymised answers, which give us all the opportunity to look at what’s at the forefront of treasurers’ minds, what the profession needs and how it’s developing. The full