News in brief: globetrotting, innovation, pensions

News in brief
News in brief

Research finds business people spending £5,824 a year passing time between meetings

London-bound British entrepreneurs and business people without a London base in which to work and meet are spending £5,824 a year at cafés, hotel lobbies, bars and restaurants unnecessarily to pass time in between business meetings. This is according to new research by London’s leading business members club and meeting space, The Clubhouse, which revealed that entrepreneurs are also wasting up to three hours a week of productivity (or 156 hours a year) in cafés, hotel lobbies, clubs, bars and restaurants in between business meetings.

Whilst recent innovations in mobile technology and cloud computing allow people to work and meet in a more flexible way, contributing to a significant growth in ‘cappuccino commerce’, The Clubhouse’s research showed that in an average week, entrepreneurs spend around £700 a week in London (excluding travel) of which 16% is deemed unnecessary and simply to pass time in between meetings.

Three quarters (74%) of respondents suggested they would be interested in saving money in between meetings by joining a member’s club specifically designed for business people.

Swedish card game scoops European innovation award

More than One Story – a Swedish card game to promote integration and inclusion – has won The Council of Europe’s Democracy Innovation Award.

More Than One Story is a card game building bridges between people of all ages, backgrounds and cultures, and has proved to be a valuable tool for teachers, social workers, religious leaders, event co-ordinators and youth leaders.

The award was presented at the World Forum for Democracy by the Secretary General of the Council of Europe, Thorbjørn Jagland.

UKTI hosts annual Brazilian pension fund delegation visit to the UK

UKTI recently hosted the second annual Brazilian pension fund delegation visit to the UK. The visit, running from 23-27 November, was sponsored by Aberdeen Asset Management, Columbia Threadneedle and Investec.

The week-long visit builds on the successes of the recent UK-Brazil Economic and Financial Dialogue and the ongoing relationship between the two countries. The Brazilian National Pension Fund, a professional association known as ABRAPP, has endorsed the visit by seven Brazilian pension fund officials.

Economic Secretary to the Treasury Harriett Baldwin said: “The UK government is committed to promoting the UK’s world-leading investment management industry across the globe, and to showcase the tax and regulatory regimes that make Britain a highly competitive place to do business. What we have seen this week with Brazilian pension funds is a great example of how we can work together with industry to communicate Britain’s expertise in financial services to important institutional clients from around the world.”