£25m fund to fight ‘investor terrorism’

£25m fund to fight 'investor terrorism'

Leading City institutions and the government are in talks aimed at combating the type of 'investor terrorism' that drove controversial drug testers Huntingdon Life Sciences to the brink of bankruptcy and forced Deloitte to drop the company as an audit client.

Link: SHAC on trail of Huntingdon’s next auditor

Although the talks are still at an early ‘planning stage’, measures under discussion include a £25m war chest to reward those that come forward with information leading to the conviction of extremists.

‘We have talked about this on an informal basis ever since Huntingdon Life Sciences,’ a spokesman for the National Association of Pension Funds said. ‘It’s something we’ve been talking about with the Confederation of British Industry and the relevant government departments.’

The spokesman was unable to confirm where the money for the rewards would come from, saying it was one of the aspects that still needed looking at. ‘We are a non-profit organisation, so it’s something the NAPF will not be able to find,’ the spokesman said.

Big Four firm Deloitte was forced to drop HLS in February last year, after months of protest from animal rights protesters Stop Huntingdon Animal Cruelty. Deloitte’s offices around the country were subject to daily pickets by protestors, and the Animal Liberation Front claimed responsibility for putting a concrete slab through the glass-panel front door of Deloitte’s Nottingham office.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource