Finance chiefs turn to interim staff to help cut costs and provide specialist skills April 13, 2016 A job for life is now well and truly a thing of the past, as more finance chiefs turn to interim managers to fill gaps in their roster, a study out today has found. According to the research by specialist recruiter Robert Half Management Resources, nine out of ten (90 per cent) finance chiefs and [...]
UK pensions and personal finances: Advisers believe Financial Advice Market Review will not help close the advice gap April 13, 2016 A long-awaited report in the financial advice market, which was published last month, may not help to improve access to advice after all, a notable City investment company said today. A survey conducted by Royal London discovered that almost two-thirds (64 per cent) of advisers believe the recommendations in the Financial Conduct Authority's (FCA) and [...]
Panama Papers scandal: Law firm Mossack Fonseca Panama offices raided April 13, 2016 The Panama office of the law firm at the centre of the Panama Papers scandal has been raided by the authorities, it was revealed in the early hours of this morning. Panama's attorney general's office issued a statement revealing that it had carried out a raid on Mossack Fonseca's office to search for evidence of [...]
Executive pay: BP pay gusher reignites shareholder rows, but new research shows that average pay growth for chief executives has slowed down to below national average April 13, 2016 BP shareholders will vote on a near $20m pay package for the oil major's chief executive tomorrow, reigniting the row over boardoom pay despite greater restraint being shown by many FTSE companies. The pay deal, if approved, would see BP chief executive Bob Dudley take home $19.6m (£13.8m) – a hefty 19.7 per cent pay [...]
UK pensions crisis: Low interest rates are forcing people to head back to the drawing board on their retirement plans April 13, 2016 Low interest rates have not only taken their toll on general savings, they have also hampered many people's retirement plans, research out today has found. According to the survey by Canada Life Group Insurance, almost a quarter (23 per cent) of employees have been forced to rethink their retirement plans because of low interest rates, including eight [...]
Valeant Pharmaceuticals’ bondholders not pleased with annual report delay, but drugmaker aims to have it filed before end of April April 12, 2016 Valeant Pharmaceuticals today revealed that it has received a default notice from its bondholders, protesting the late filing of its 10-K form. In a short statement, the troubled Canadian pharmaceutical company repeated its intention to file by 29 April, although it technically has until 11 June to clear the default notice. The company had to [...]
Panama Papers scandal: Seven things we now know about MPs thanks to their tax returns April 12, 2016 Anybody who had ever wondered about the incomes and outgoings of MP's finances has been spoilt for choice recently, as many rushed to expose their own tax details in the wake of the Panama Paper's scandal. Here's seven things we now know about tax returns and politics thanks to the recent reveals: 1. We discovered [...]
Next Fifteen Communications Group share price closes up after digital communications company reports boost to profits and revenues for full year ended January 2016 April 12, 2016 Share price in Next Fifteen Communications Group closed up today after the digital marketing company reported a boost to both its profits and revenues in its most recent set of results. The company announced that its profits before tax had grown to £16.1m for its year ended January 2016, up 28.8 per cent compared with £12.5m the year before, [...]
