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© The Z/Yen Group of Companies 2008
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Volume Five, Number Two
"Zest for Enlightenment"
The Irregular Newsletter of Z/Yen Limited
December 2006 |
Time Is Running Out For WABBO
Regular
readers will be aware of Z/Yen’s involvement in the national Payroll Giving
Grants campaign since its launch in January 2005. Payroll Giving gives
businesses the chance to offer their employees a tax-effective way of donating
to their favourite good causes.
Helen Davies, Ian Harris and Linda Cook have been running the information
service, undertaking research and providing analytic data.
The Government funded programme, tagged “We’ll All Be Better Off” (abbreviated
to WABBO) provides grants of up to £500 to organizations employing fewer than
500 people to help them set up payroll giving schemes. When you factor in
tax relief, a monthly Payroll Giving donation of £10 costs a higher rate
taxpayer only £6. In addition, for the first six months of an employee’s
Payroll Giving, the Government will match up to £10 per month pound for pound,
making the donation worth £20 to the charity.
December 2006 marks the end of the programme, and
the last chance for small businesses to receive this cash payment simply for
establishing a Payroll Giving scheme. It’s quick and easy to set up and
run, if you haven’t already done so, now is the time.
We suggest that you give Helen Davies a call on the dedicated enquiry line
number, 0845 602 6786 (or indeed the regular Z/Yen number) if you want further
information or help putting this into action before the end of the year.
Cash In – Carbon Out
The
London Accord is a cooperative research programme to assess investment in
climate change initiatives. The distinguishing feature of The London
Accord is its use of mainstream investment research houses to assess current
investment opportunities in carbon reduction. The results of The London
Accord should be of immense interest to anyone who believes that economics and
investment in mitigation initiatives is central to solving the climate change
challenge, whether they be governments, economists, environmentalists, investors
or pensioners.
During 2007 the key sponsors, BP and the City of London Corporation, supported
by Z/Yen, Forum for the Future and Gresham College, are assembling leading
investment research houses and economists to analyse the opportunities for
investment in climate change initiatives and provide a rough ordering of
cost/benefit in terms of carbon reduction. These results can be used to
evaluate roughly-equal financial investments in carbon reduction initiatives.
During 2006 we launched a “call for participation”. Deutsche Bank, Morgan
Stanley, HSBC, Sarasin, Société Générale, CSFB, ABN and Canaccord Adams have
already agreed to contribute research, with further support from The Santa Fe
Institute and The London School of Economics. Generation IM, Universities
Superannuation Scheme, Axa IM, Insight Investment, Henderson and the
Institutional Investors Group on Climate Change have already expressed strong
interest. The results are intended for wide publication via Reuters'
syndication and the City of London Corporation Research Series.
We are still recruiting additional investment research firms to start with us in
January 2007 (hint with a hot blast of CO²). For more information:
http://www.zyen.com/Activities/Events/The London Accord - How much carbon for
your cash.htm
2006 Operational Performance Awards
Z/Yen
has just announced the results of its 2006 Operational Performance of Brokers
Surveys. The results were released on December 1 to a keenly awaiting
group of banking operations professionals worldwide.
Z/Yen is delighted to announce that in Europe, ABN AMRO has been voted the best
operational bank for Equities and Morgan Stanley the best for Fixed Income; in
the USA, the award went to Morgan Stanley (both product groups); in Asia was
shared between Morgan Stanley (Equities) and UBS (Fixed Income).
Client feedback has again been strong this year which is particularly pleasing
to the 12 strong survey team (Smith, Birch, Guerriero, Pitcher, Taylor, Bailey,
Yeandle, Avrami, Cardosa, Cech, Davies, Howell) who interviewed and collected
nearly 100,000 rankings from 200 Investment Managers, Hedge Funds and Banks in
18 countries.
Farsight Goes Further
Z/Yen is
pleased to announce that Gresham College and the Universities Superannuation
Scheme are now looking to Farsight Award 2007/2008. Created to honour the
best in long term research, the Farsight Award 2006/2007 was awarded on 21
September 2006 to Citigroup analysts Heath Jansen, Mike Tyrrell and Alan Heap
for their work on sustainable mining. The Farsight Award was formed in
direct response to criticism of the increasingly short-term nature of financial
markets around the world. The founders wish to honour analysis which best
integrates traditional financial analysis with longer term issues such as
climate change, governance & human capital. Investment researchers
interested in submitting research for consideration are encouraged to contact
Michael Mainelli between now and June 2007 when the judging begins.
Josie’s Escaped Again
Our
longest serving intern, Josie, has escaped the clutches of Z/Yen yet again.
On this occasion, she is off to Costa Rica to learn how to teach English as a
foreign language. If by any chance she returns again, her new-found skills
might well be handy when working for Michael. Seriously, good luck for
your future, Josie.
Seasons Greetings to all our readers!
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