Permanent placements continue to rise, but rate of growth eases to 26-month low. Key points from July: Growth held back by skill shortages Salary growth remains strong, despite easing to 18-month low. Candidate shortages bite… The availability of staff for permanent roles fell further in July, with the rate of decline accelerating to the sharpest since November 2014. Businesses are struggling to find the talent they need and…
The Week in Numbers £40K – Amount lost by Yorsipp member who complained to the Pensions Ombudsman claiming due diligence failures. The complaint was thrown out last week. Up to 30% – Estimated hit to fund flows to pension providers if the Government radically reforms pension tax relief £20m – Level of redress Cash Genie has agreed to pay 92,000 customers following a deal with the FCA Five –…
The Week in Numbers – 30th July 186 – Visits made to Barclays by the FCA during 2014, according to a Freedom of Information request – the most of any British bank 145% – Jump in compensation paid relating to investment advisers in 2014/15, totalling £183m, according to the FSCS annual report £20bn – Savings Chancellor George Osborne is demanding of Government departments over the life of the new…
The Week in Numbers – Week beginning 22nd June £60K – Number of people who have accessed the pensions freedoms since they were introduced in April, Chancellor George Osbourne says £1bn – Amount of money savers have taken from their pension pots since April 4 – Number of providers removed from Intrinsic’s protection panel following a review. The Providers are Cirencester Friendly, LV=, Shepards Friendly and Zurich 3 –…
The Week in Numbers – Week beginning 15th June 10% – proportion of advice firms that disclose charges on their website based on a review of 50 firms by Candid Financial Advice £117m – Record fine imposed against Lloyds banking group for failing to handle PPI compliants properly 1,300 – Number of customers Friends Life wrote to last week to apologise for not being ableto offer full pensions flexibility £1m…
The Week in Numbers – 11th June 2015 8.7% – Year on year rise in the number of loans approved in April, from 105,394 to 114,628 according to the Bank of England 193% – Year on year increase in the number of people using an equity release plan to pay off their interest-only mortgage, from 78 in April to 229 this year, Age Partnership says £4.3m – Money lost…
The Week in Numbers – 28/05 0.1% – Fall in the Consumer Prices Index in the year to April compared with no change in the year to March 4,000 – Number of individual advisers Garry Heath aims to recruit for his new trade body, Libertatem, in the first 15 months 4 – Number of Labour MPs that remained on the Treasure select committee following the election. Some industry experts…
The Week in Numbers £15bn – Potential annual cost of maintaining the state pension triple-lock, according to the institute for fiscal studies 47% – Size for the stake in Tenet owned by the enlarged Aviva/Friends Life Group. Money Marketing reveals this week that Aviva is considering selling its stake in the network. 37% – Drop in annuity sales seen by Just Retirement in Q1 56 – number of seats…
The Week in Numbers 12m – Number of actions taken by MAS users in 2014/15 – far higher than the organisation’s 4.5 million target 1% – cashback offer for first-time buyers launched by Halifax this week 8 – Number of advice firms issued with Section 166 reports (also known as a skilled persons report) by the FCA in relation to insistent transfers £11bn – Outflows seen by Aberdeen Asset…
Snap Shot News Headlines “Advisers seek end to ‘galling’ FSCS levy hikes” The Financial Services Compensation Scheme has announced a shock increase to the levy required of Pensions Advisers. Originally expected to be £57m, it has now risen to £100m. The Life and Pensions advisers have attacked these increase charges amid concerns that firms could be forced out of business. A further concern is that the increase hike designed…
