Government to write to the thousands who could miss new state pension requirements June 22, 2016 Government has agreed to get in touch with those who are not on track to meet the qualifying requirements for the new state pension, the Work and Pensions committee revealed today. Responding to a recommendation from the committee, government has agreed to write directly to those who look like they will not satisfy the minimum qualifying [...]
Bankers beware: Paris is not the city of love for pay – try Frankfurt instead June 22, 2016 Bankers might not be so keen to relocate to the continent after figures released today showed it could seriously hamper their pay prospects. The analysis of 8,065 salaries by salary benchmarking website Emolument.com discovered that pay packets for those in banking were lower on a nominal basis in both Frankfurt and Paris than they were in London. The data revealed [...]
Annuities may be regaining popularity, but here’s eight myths we’re still falling for June 22, 2016 Interest in annuities may be on the rebound, but research out today shows that some people might be starting out on their retirement product shopping trip with a few misapprehensions in mind. Common preconceptions unearthed by Retirement Advantage included "annuities are poor value", "I won't live long enough to worry about buying an annuity" and "I'd [...]
Here’s what Volkswagen had to say about the emissions testing scandal at its AGM today June 22, 2016 Anybody who's not a fan of difficult questions may wish to spare a thought for the executives at Volkswagen, as the car manufacturer hosts its AGM in Hanover today. In a statement published ahead of the meeting, chief executive Matthias Muller announced that the company's recall plans had gathered pace, including having recently received regulatory approval [...]
Hornby throws (some) of its toys out of its pram after “difficult and disappointing” year June 22, 2016 Hornby announced today that it was clearing the decks of some of its products as part of a turnaround plan. The figures In its preliminary results for the year to March, the collectibles company revealed that revenue had dropped to £55.8m, down four per cent on the prior year's £58.1m. Meanwhile, reported losses before tax had widened [...]
Recruitment plans could be thrown into turmoil if UK votes for Brexit on Thursday, the Recruitment & Employment Confederation warns June 22, 2016 A Brexit vote on Thursday could spell turmoil for employers already squeezed to capacity, the Recruitment & Employment Confederation (REC) has today warned. Commenting on REC's most recent JobsOutlook survey, REC chief executive Kevin Green said: "A vote to remain in the EU could release pent up demand, with a mini hiring boom over the second half of [...]
Half of workers think better tech skills could land them a better job June 22, 2016 The majority of UK workers think that they could boost their job prospects simply by learning some IT skills, research out today has found. However, while the study by Monster discovered that 54 per cent of UK employees thought they could land a better job if they were better with tech, just 15 per cent [...]
EMBARGOED UNTIL TOMORROW: Leave or remain: new report outlines two best paths to economic freedom, iea June 21, 2016 NULL
UK’s pension black hole grows by £120bn in the space of six weeks, as equities fluctuate ahead of EU referendum June 21, 2016 The combined black hole in the UK's pension schemes expanded by more than £100bn in the space of just six weeks, research out today has found. The analysis by Hymans Robertson revealed that the total deficit of the UK's defined benefit (DB) pension schemes rocketed by £120bn, or roughly the equivalent of five per cent of GDP, over [...]
Italian job: Law firm Fieldfisher agrees merger with Italy’s SASPI June 21, 2016 Fieldfisher has today agreed a merger with Italian law firm Studio Associato Servizi Professionali Integrati (SASPI). The merger, which will take the form of a Swiss verein style association, will take effect at the start of next month and SASPI will be adopting the Fieldfisher brand name. The two firms combined will have around 970 professionals and [...]
