LONDON, ENGLAND - JANUARY 29: Home Secretary Amber Rudd arrives at 10 Downing Street on January 29, 2018 in London, England. The Prime Minister hosts a Brexit cabinet meeting today after a weekend of discord between pro- and anti-Brexit supporting MPs and Ministers played out in the British press. (Photo by Jack Taylor/Getty Images)
Britain's Home Secretary Amber Rudd has welcomed the creation of the survivors group. (Photo by Jack Taylor/Getty Images)

UK survivors of terrorism on a mission to tackle extremism



British survivors of terrorist attacks have set up a new group to lobby the government over its counter-extremist policies and to ensure that victims get better support.

The group’s founding members include the husband of British MP Jo Cox, who was killed by a right-wing extremist in June 2016, and people affected by attacks carried out by Islamist and Irish terrorists.

The group – Survivors Against Terror – said that it will provide strong support for police and security services and campaign for better integrated communities in the UK. It will also peak out against hate speech from “extremist preachers to neo-Nazis”.

Britain suffered from five terrorist attacks in 2017 that left 36 people dead. An existing group, the Survivors’ Assistance Network, said that it was helping 600 people affected by the attacks, including many who were grappling with the psychological impact of the attacks.

It said that parts of the social care and health systems in the UK did not recognise the unique needs of those affected by terrorism.

“As a group of survivors and family members we have had mixed experiences of support from the government and other service providers,” the founders said in a statement on the group’s website.

“In some cases this has been exemplary, in other cases families and survivors have been left with no support at all.”

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The group's founders include Travis Frain who was struck by a car driven by a terrorist outside the UK's parliament in March 2017. He told The National this month how survivors felt neglected by government, health agencies and police in the aftermath of the attacks.

“People who have been through these experiences have something to contribute to future discussions and on policy in this area,” Mr Frain said on Monday before talking to students in Manchester about his experiences.

The group’s founders also include those affected by terrorist attacks outside of the UK, such as Mike Haines, whose brother David was murdered by ISIL in 2014 after travelling to Syria on a humanitarian mission.

Jason McCue, a British lawyer who has acted on behalf of victims of Hamas and Irish terrorist attacks, said that the UK was one of the worst governments at ensuring the welfare of victims of terrorism.

“I welcome another strong voice that can amplify a simple collective message to all governments ...that terror victims deserve more than just platitudes and sympathy," he said.

“They need to be given the opportunity to be of value, given welfare support, enabled to have justice, and be given the opportunity to attain their own form of reconciliation or closure.”

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Engine 3.6L V6

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Fuel economy combined 12.2L / 100km


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