The Week in Numbers – 5th August

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 –…

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The Week in Numbers – 30th July

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…

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The Best Way To Resign

When it comes to leaving your job, however tempting the two-finger salute, or the verbal equivalent may be, you should never let your emotions get the better of you. ‘Don’t wait until you’re hopping mad to resign. Do it while you’re strong. And never express your anger to your boss, bide your time and keep it professional,’ advises occupational psychologist Colin Selby. You may have landed the job of…

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The Week in Numbers – Week beginning 22nd June

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 –…

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Job Market Report For Dec 14

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…

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Slower growth of both placements and salaries in September

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…

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Employment law changes taking effect in October 2014

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…

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Recruitment in the UK rises at fastest rate in five months

Key points: Stronger growth of appointments Record decline in availability of candidates Starting salary growth close to June’s high The main market indicators for July are: Acceleration in growth of staff appointments… Greater numbers of people move into permanent and temporary roles during July, with rates of expansion accelerating to five- and seven-month highs respectively. …buoyed by strengthened demand from employers Latest data signaled that available job vacancies continued…

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