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…
Key points from the April survey: Strongest increase in permanent staff appointments in eight months Acceleration of pay growth for permanent and temporary staff Candidate availability deteriorated further The main findings for April are: Permanent placements growth accelerates… The number of people placed in permanent jobs by recruitment consultants continued to rise in April. In fact, the rate of expansion quickened to an eight-month high. This reflected a…
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…
The Week in Numbers 12% – Drop in mortgage lending reported by Santander in its Q1 results 0.3% – GDP growth in the UK in Q1 2015, according to the ONS £100m – FSCS levy for life and pensions advisers in 2015/16, up from £24m in 2014/15 £80m – value of 40% stake in a property joint venture sold by Henderson to TIAA-CREF £85m – Estimated market capitalisation of…
Key points in March: Further marked increases in permanent placements Salaries for permanent hires rise at sharpest rate in six months Candidate availability tightens further. The main indicators for March are: Recruitment continues to rise strongly… March survey data highlighted further marked growth of recruitment activity across the UK. Permanent staff placements rose at a rate unchanged from February’s considerable pace. …supported by robust demand for staff Job vacancies…
Key points from the January survey: Permanent and temporary appointments rise, but rate of growth slows. Vacancies increase at stronger pace. Rate of decline in candidate availability moderates. Slower growth of staff appointments… Permanent staff placements continued to rise in January, but the rate of expansion eased to a 20-month low. Temp billings growth moderated slightly to the least marked since October 2014. …despite accelerated rise in demand…
Key Points in Summary Growth of permanent placements eases to 18-month low Strong Salary Growth Further marked drop in staff availability Average earnings and Inflation, any improvement? In the world of staff appointments for November, the rate at which permanent roles are placed, rose at its slowest rate in 18 months. Several sources found they experienced a shortage of skilled candidates and slower client decision-making with this appearing worst…
Key points from the October UK labour market: Permanent appointments growth still strong in October. Pay growth moderates Staff availability continues to decline markedly. Growth of staff appointments eases… Permanent staff placements continued to rise in October, extending the current period of expansion to 25 months. However, the rate of expansion was the slowest since November 2013. Similarly, temporary/contract staff billings increased for an eighteenth successive month,…
Permanent placements rise at slowest rate in ten months. Growth in starting salaries moderates to four-month low. Commenting on the latest survey results, Bernard Brown, Partner and Head of Business Services at KPMG, said: “Buoyancy is back in British businesses, with low and falling unemployment evident today and the promise of lower corporation tax rates, tomorrow. Combine the two and it would be easy to assume that the only…
Employment law changes taking effect in October 2014 The following changes to employment law come into effect on 1 October 2014: 1. The National Minimum Wage (Amendment) (No. 2) Regulations 2014 will increase the various national minimum wage (NMW) rates as follows: The adult rate for workers who are aged 21 and over will increase from £6.31 to £6.50 per hour. The youth development rate for 18 to 20 year…
