Consumer finances at risk as 4,000 City firms face collapse in Covid crisis

Consumer finances at risk as 4,000 City firms face collapse in Covid crisis

About 4,000 City firms are at a heightened risk of failure due to the Covid crisis, and nearly a third of those businesses could potentially harm consumers if they collapsed, the financial watchdog has warned. A Financial Conduct Authority survey designed to gauge the financial resilience of nearly 23,000 regulated firms showed that the financial…

Zurich insurance firm offers fully paid ‘lockdown leave’ in UK

Zurich insurance firm offers fully paid ‘lockdown leave’ in UK

The Swiss insurance firm Zurich has introduced fully paid “lockdown leave” for parents and other carers in its UK offices. The company’s UK division said it would offer two weeks’ paid leave for parents facing childcare emergencies because of the closure of primary and secondary schools across the country. Zurich estimates this will benefit more…