Insurance staff pressured to ‘fudge’ climate risk models to sell more policies
Five industry professionals tell the FT it is commonplace for risk modellers to be asked to change analysis in order to artificially lower prices
UK
Where auditors can lift their game
Investors hope awards for work on ‘critical audit matters’ can highlight where standards can be raised
DWS to honour just 10% of redemption requests at flagship property fund
Cap imposed by Deutsche Bank’s asset manager aims to preserve liquidity and avoid gating fund altogether
Apollo takes minority stake in Abu Dhabi’s Mubadala Capital
Investment comes 18 months after Mark Walter’s holding company TWG announced deal for equity stake, which was never completed
The luxury Singapore apartments that nobody wants
Properties seized by authorities are as unpopular as the lifestyle favoured by the people who once lived in them
Victorian spiritualism capitalised on the desire to transcend death to create new ways of making money
Death has never entirely stopped the living from trying to continue a conversation with their loved ones.
Bid for lunch with a top FT journalist in our charity auction
The FT’s financial education charity is celebrating its fifth birthday
The reclusive quant billionaire coming into the light
Peter de Putron has spent decades maintaining a low profile. But the scale of his interests is commanding new attention
How El Niño could push up your mortgage and grocery bills
Coffelatte91/ShutterstockThis year’s El Niño, the natural weather phenomenon that drives variations in temperature and winds across the Pacific, has prompted the UK government to pledge £15 million to help vulnerable countries such as Malawi, Kenya and Zambia prepare for droughts, floods and food shortages.
The psychology that can lead investors to make bad financial decisions
PeopleImages/ShutterstockSay you buy shares in a company. The price climbs and months later you sell for a healthy profit. Ask why it worked, and the answer is often some version of “I made a good call”. Now imagine the trade had lost money instead. Would you be as quick to blame your own judgment? Many of us wouldn’t. We may point to bad timing, a jittery market, anything but ourselves.
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