Job Searches: Look at the Entire Package (Not Just the Salary!) The start of a new year often coincides with a spike in job searches. In fact, more than half of the UK population will look for a new job in 2018. It can be tempting to focus solely on the offered salary. However, a wider perspective which takes into account the entire package being offered is advisable. Other…
Just one in ten self-employed workers paid into a personal pension plan in 2013/14, according to an analysis by pension firm Prudential of the most recent data made available by HM Revenue & Customs (HMRC) and the Office for National Statistics. This is a sharp drop on the 2001/02 figure of 34 per cent. In that year, 1.1m self-employed workers made pension payments and the total value…
Government review will examine whether pension age should continue to be linked to life expectancy. Speculation is rife that a new review of retirement age will lead to workers joining the workforce now not receiving their state pension until at least their mid-70s. The study, which will report to the government next May, will be headed by John Cridland, the former CBI boss. It’s a scheduled assessment due to be…
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…
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…
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…
The Week in Numbers – 3rd November 2015 44% – Year-on-year rise in pension investment inflows reported by St James’s Place in the third quarter , from £430m to £620m 0.5% – Growth in UK GDP in the third quarter, according to estimates from the Office for National Statistics £15.4m – Redress that payday lender Dollar Financial UK will pay to over 147,000 customers after reaching an agreement with…
51% – Proportion of people who do not know if their provider levies charges for managing their pension pot. 0% – CPI inflation in August, down from 0.1% in July according to the Office for National Statistics 80% – Proportion of investment houses that publish out-of-date fund data, research by fintech company Instinct Studios shows 5.2% – House price growth in the year to July 2015, down from 5.7%…
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 £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…
