FCA bosses give up their bonuses over insurance scandal December 10, 2014 The Financial Conduct Authority (FCA) said today directors including Martin Wheatley, its chief executive, will give up their bonuses as a result of an investigation into a botched press briefing over insurance. The organisation said today that Wheatley, director of supervision Clive Adamson, director of communications and international Zitah McMillan and director of markets David [...]
UK wages set to continue to beat inflation with a 2.5pc rise in pay over 2015 December 8, 2014 UK wages will continue to grow at a faster rate than prices, a management consultancy has forecast. Employees can expect to see a 2.5 per cent rise in pay over 2015, Hay Group said today. Meanwhile, inflation – annual growth in prices – is forecast to be 1.7 per cent in 2015, according to Hay [...]
Morgan Stanley set to shell out more bonuses upfront December 6, 2014 The good time are back for finance giant Morgan Stanley which has announced it will doling out more its bonuses to employees upfront thanks to the company's healthy condition. The move aligns Morgan Stanley with many of its competitors and will raise its fourth quarter compensation by around $1.2bn. The investment bank said that 50 [...]
Wages start to climb as talent pool is used up and employers chase jobseekers December 4, 2014 The long squeeze on workers’ wages is coming to an end, as recruiters today report that employers are competing harder for talent. As unemployment dives and the economy recovers, more employers are chasing fewer jobseekers, pushing up salaries. However, the intensity of the pressure will ease – the pace at which hiring is growing slowed to [...]
Autumn Statement 2014: Lord Heseltine calls for minimum wage hike December 3, 2014 Former Tory deputy prime minister Lord Heseltine has called for a hike in minimum wages, saying there is no argument for the government to keep wages low. At an event held by Management Today magazine at Claridge's on the eve of George Osborne's Autumn Statement, Heseltine said the "great thing about being a government adviser, rather [...]
UK and London house prices mapped: An average wage in Blackpool will buy you less than two square metres in Chelsea December 2, 2014 Click on the buttons in the top right to reveal the layers The average wage in Blackpool will net you one and a half square metres of floor space in Chelsea, while a Westminster dweller could buy 42.6 metres of home in Blaenau Gwent, such is the disparity in the UK’s housing market. Westminster is [...]
BG Group shareholders welcome Helge Lund salary deal December 1, 2014 BG Group shareholders have praised its remuneration committee, after the company gave in to shareholders over new chief executive Helge Lund's hefty £25m remuneration package. The oil and gas company said this morning it will reduce the planned remuneration package, which the Institute of directors (IoD) has slammed as “excessive, inflammatory and contrary to the [...]
Bonus season stunts City jobs market growth November 30, 2014 City hiring slowed in November as firms and employees ready themselves for the bonus season. However, hiring activity was still 29 per cent higher than at the same time last year, according to figures released today by recruiters Astbury Marsden. The number of jobs created in November was 3,212, down five per cent on October’s [...]
Wages set to rise at last as the number of vacancies outstrips volume of jobseekers November 24, 2014 Britain’s recovery has pulled so many unemployed workers into jobs that there are now more vacancies than jobseekers, for the first time since the financial crisis struck, jobs website Adzuna said today. As a result, employers are increasing the wages on offer to new staff, and the Institute for Fiscal Studies (IFS) expects pay rises [...]
London house prices: Renting in the capital could cost you half your salary November 24, 2014 As Britain’s property market continues to cool, rental prices are dropping too. According to data from HomeLet, rental prices in five of seven UK regions dropped between September and October, although the annual rate was still positive at 7.5 per cent. For Greater London, which has the highest average rental prices in the country, [...]