Billions boost to UK bottom line if more was done to help people keep working for longer June 14, 2016 The UK could increase its GDP by billions if it could keep as many people in their 50s in work as some other major economies have managed to, a report out today has found. The research by PwC discovered the UK GDP would be raised by roughly 5.8 per cent – or around £105bn – [...]
SMEs have put cyber security on the back burner, new survey finds June 14, 2016 Despite being worried about cyber crime, research published today has found that many small firms are still not doing enough to protect themselves. The survey by Barclaycard of over 250 small businesses found that just one in five (20 per cent) rank cyber security as a top business priority, despite previous government research having found that the average cyber [...]
Goldman Sachs accused in court hearing of using gifts of prostitutes and Moroccan getaways to win Libyan business June 13, 2016 Goldman Sachs has been accused of lavishing Libyan officials with gifts such as prostitutes and trips to locations like Morocco in a bid to secure business in a court hearing today. In a case that opened at the high court in London today, the Libyan Investment Authority (LIA) is taking legal action against Goldman Sachs on allegations that the [...]
Brexit vote could scrap first in time rule for divorcees, says Mayfair lawyer June 13, 2016 A vote to leave the EU on 23 June could result in a key divorce rule being chucked out, a Mayfair-based lawyer told City A.M. today. Jo Edwards, partner and head of family at Forsters, pointed out that the first in time rule, whereby a divorce which involves parties with links to different EU countries [...]
LV calls on government to make financial guidance at retirement age compulsory June 13, 2016 One financial services company has today called on government to make the provision of guidance to those reaching retirement compulsory. Revealing how it had responded to a Treasury consultation, LV warned that the introduction of the pension freedoms rules had made it increasingly difficult for people to assess how to handle their money during their [...]
This is why the UK is facing a time bomb of retirement woes June 13, 2016 Longer lives have combined with scant savings to put the UK on the road to pensions chaos, one financial advisory firm has today warned. Chase de Vere notes life expectancy has increased substantially in recent years, with Office for National Statistics showing the average life expectancy for a 65-year-old man has increased 29 per cent over the last [...]
Now KPMG stands down as Fifa’s auditors June 13, 2016 KPMG has stood down as auditors of Fifa after more than a decade of service, the football association revealed in a statement today. Fifa said that it "welcomes" the change, which will give it a chance to work with a new audit firm. A new auditor has not yet been appointed. However, Fifa acknowledged that, particularly [...]
Why conveyancing is where it’s at for legal eagles, but bad luck if personal injury is more your focus June 13, 2016 Fees for lawyers with a head for conveyancing were as safe as houses last year, research out today has found. According to the study by chartered accountants Hazlewoods, fees for law firms which specialise in residential conveyancing rose by 15.4 per cent on average in 2015, while those specialising in commercial conveyancing also received a 8.7 per cent boost [...]
Our terrible digital skills could be knocking £63bn a year off the UK’s GDP June 13, 2016 Lack of digital know-how is setting the UK economy back billions of pounds a year, a report published today has found. According to the research by the Science and Technology committee, 12.6m adults in the UK lack basic digital skills, while 13 per cent of those leaving university with a computing degree are still unemployed six [...]
Fintech helps to push foreign direct investment in UK financial services sector to highest level since 2006 June 13, 2016 Foreign investors can't get enough of the UK's financial services market, with a report out today discovering that fintech has helped push foreign direct investment (FDI) to its highest level since 2006. The research by professional services firm EY discovered that, in 2015, there were 94 FDI projects in the UK's financial services sector, which in turn generated 8,138 [...]
