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Changes in Law: Pensions & Gender Pay

There are some big changes in employment law in 2016, and companies need to be prepared Employment law is constantly evolving, as new rules and regulations come into force, and as such it’s imperative employers are informed and prepared. 2016 will see a number of important changes of which all employers should be aware Pensions State pensions are set to be radically overhauled in April with the introduction of…

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Financial services rules broaden approach to whistleblowing

The new rules on encouraging staff to ‘blow the whistle’ in financial services firms are a significant development for whistleblowing in general. Firms must promote whistleblowing internally, and nominate a ‘whistleblowing champion’ by 7 March 2016 who will oversee the implementation of whistleblowing policies and procedures which must be in place by 7 September 2016. The changes stem from proposals last October by the Financial Conduct Authority (FCA) and…

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PENSIONS

Tasting the Freedoms:  savers have spent the money or held it in cash The Pensions and Lifetime Savings Association has published its latest wave of research on patterns in retirement following the reforms. Of those adults aged 55-70 surveyed, the majority, 63%, had started to look at how they would take their pension, and 23 per cent had done nothing. Of those that accessed their pension, 18 percent spent…

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The Week in Numbers – 4th February 2016

15% – Proportion of Ucits funds that could be “closet trackers”, according to the European Securities and Markets Authority 20% – Rise in revenue reported by Mattioli Woods following a spate of acquisitions 30 – Number of sales roles being cut by Aegon as part of a shift towards its platform business £600m – Value of build-to-rent deal entered into by Legal & General with Dutch asset manager PGGM.  The rental income from…

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LEGISLATION OVERVIEW FOR 2016

11 January 2016: Zero hours contracts providing specific remedies for zero hours workers regarding exclusivity clauses. Early 2016 Gender pay gap reporting: The Government is required to bring in legislation by 25 March 2016 which requires employers to publish information about differences in pay for male and female employee. Depending in the precise wording of the legislation, this may include a requirement to provide information about temporary workers. 1…

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Legal Changes on the Horizon in 2016

The recruitment industry is, according to the REC, in rude health! It predicts that in 2016 more than 90% of employers will increase headcount.  However, one of the significant external influences that is going to hit the sector this year is the National Living Wage. From April 2016 individuals aged 25 and over will be entitled to receive the National Living Wage of £7.20 per hour, increasing to above £9…

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February Report on Jobs: South (excluding London)

Key points from January survey: Weaker rise in permanent staff placements than 2015 trend Second-slowest increase in temp billings in current 33-month upturn Labour supply in South continues to drop sharply Staff Appointment:  Growth of permanent placements moderates in January Recruitment agencies in the South of England reported a slower rise in full-time appointments at the start of 2016. The rate of growth remained strong overall, but was weaker…

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February Report on Jobs

Key points from the January survey: Permanent placements growth quickens Permanent salaries continued to increase, albeit at weakest rate in 27 months Candidate availability remains tight Commenting on the latest survey results, REC chief executive Kevin Green, said: “The jobs market has started 2016 with a bang – our latest data shows strong growth in demand for staff and in permanent placements.  Professional service jobs are among those leading…

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January’s Job Market Report

January Job Market Report Key points from the survey: Slower rises in both permanent and temporary staff appointments Permanent salary growth moderates to 26-month low Candidate availability falls at weaker, but still marked, rate   Commenting on the latest survey results, Bernard Brown, Partner at KPMG, said: “Hiring remained slow but steady during December, with businesses and candidates keen to complete negotiations before Christmas. We are beginning to see…

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The Week in Numbers – 13th January 2016

The Week in Numbers 225 – Number of Investment Advisers Santander expects to employ by the end of March 7% – Fall in China’s CSI 300 index on Monday, triggering newly-introduced “Circuit-Breakers” that halted trading for the day 21% – Rise in mortgage approvals year-on-year in November, according to Bank of England Figures 13k – Number of new affordable homes the Government plans to build this year through directly…

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