UK pensions: A pre-funded state pension scheme would be fairer for the young, MPs told April 25, 2016 People should pay for their own retirement, rather than funding the golden years of the generation ahead, a hearing on intergenerational fairness has been told today. Speaking in front of the Work and Pensions Committee, Philip Booth, editorial and programme director at the Institute of Economic Affairs, argued that a system whereby people saved up [...]
Taxman pockets roughly £87m from people who missed the tax return deadline April 25, 2016 Despite being warned about a £100 late filing penalty, it appears that some people still forgot to circle 31 January in their diary with red pen. According to statistics released today from the Institute of Chartered Accountants in England and Wales (ICAEW), 870,000 people missed the 31 January 2016 deadline for filing their tax return online. [...]
Brace yourself, bosses: Leading investor reveals it shot down resolutions at almost one in five AGMs last year April 25, 2016 As companies such as Shire and AstraZeneca brace themselves for a rocky AGM season, one major asset manager has today revealed that it has been voting no for some time now. Legal & General Investment Management (LGIM), which held assets worth over £750bn at the end of 2015, has revealed that it shot down at least one resolution at [...]
ICAS chief executive explains how accountancy is becoming a youngster’s game, and why they are enjoying being part of the institution too April 24, 2016 The accountancy profession is perceived as many things – but exciting is probably not one of them. Ask any five-year-old what they dream of being when they grow up and few will tell you that they’re mesmerised by the prospect of days spent poring over spreadsheets. “There is still the sense among the young when [...]
What next for high street giant BHS as administration speculation mounts? April 24, 2016 The future of retailer BHS hangs in the balance today as speculation mounts that it is facing the prospect of full administration or a pre-pack deal. A stalwart of the British high street for decades, BHS was owned by Sir Philip Green for 15 years before he sold it to Retail Acquisitions last year for [...]
Why the Investment Association’s definition of the Equity Income sector will leave funds sailing towards dangerous waters April 24, 2016 Over the last few years, the FTSE All Share’s running yield has been widely discussed. The subject is important because the major qualification for existing within the Investment Association (IA) Equity Income sector is the provision of an income yield 10 per cent above that of the FTSE All Share, on a rolling three-year basis. While the rules are clear, [...]
BHS administration filing could happen as early as Monday, just weeks after the struggling retailer secured a Company Voluntary Arrangement April 24, 2016 Struggling retailer BHS could be due to file for administration as early as Monday, the BBC has reported today. Such a move could potentially lead to the closure of its 164 department stores and put 11,000 jobs at risk. BHS used to be owned by retail tycoon Sir Philip Green and formed part of his [...]
**Sharp fall in number of City workers willing to leave the UK, now down to 20 per cent, finds Astbury Marsden April 24, 2016 NULL
