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UK Pensions: Half of self-employed people lack confidence in pensions, while many have received no form of advice on how to stash their cash for retirement January 28, 2016 Those who call themselves boss are snubbing private pensions because they neither trust nor understand them. According to a report released today by Citizens Advice, half of self-employed people are not confident a private pension is a safe place to store their money for their golden years, with just 17 per cent opting to pay [...]
Law firm Ashurst begins search for new managing partner after James Collis announces he will be returning to the finance practice in May January 28, 2016 Law firm Ashurst has today revealed that it has started the selection process for its next managing partner, as its current managing partner will step down when his term ends. James Collis, who is coming to the end of his four-year term, has announced that he will be returning to the firm's finance practice once his stint ends [...]
UK Pensions: Nearly one year on from introduction of pension freedoms, pensioners are not being as reckless as was feared with their lifetime savings January 28, 2016 People have not abused greater access to their pensions by splashing their cash on the fast life, with the new rules encouraging many to save for their retirement. A report released today by the Pensions and Lifetime Savings Association (PLSA) showed little evidence that people had maxed out their pension pots since the pension freedoms [...]
Libor scandal: Serious Fraud Office has “serious questions” to ask itself after five of six brokers accused of rigging Libor acquitted on counts of conspiracy to defraud January 28, 2016 Five brokers accused of conspiring with Tom Hayes to fix Libor were acquitted yesterday, dealing a blow to the Serious Fraud Office's clampdown on financial misconduct. A jury at Southwark Crown Court acquitted Colin Goodman and Danny Wilkinson, who both used to work at ICAP, Noel Cryan, formerly of Tullett Prebon, and Terry Farr and James [...]
Libor scandal brokers: Jury acquits five of six brokers on accusations of conspiracy to defraud in latest Libor verdict, but is still considering one of the charges against the sixth January 27, 2016 A jury has today acquitted five of six brokers accused of offences related to manipulating the London Interbank Offered Rate (Libor). The brokers who have been acquitted are Colin Goodman and Danny Wilkinson, who both used to work at ICAP, Noel Cryan, formerly from Tullett Prebon, and Terry Farr and James Gilmour, both formerly of RP Martin. The verdict for [...]
Law firm Slater and Gordon considers closing two of its UK offices, with potential job losses for staff January 27, 2016 Law firm Slater and Gordon is considering shutting two of its UK office, putting 51 jobs at risk. A spokesperson for Slater and Gordon confirmed to City A.M. today: As part of a review of our property portfolio Slater and Gordon has begun assessing the feasibility of closing two of our offices, Failsworth and Derby. [...]
Staffline Group share price up as staffing and training company announces revenue growth and increased dividend in its full year results January 27, 2016 Staffing and training company Staffline Group has today announced revenue of £702.2m, up 40 per cent from £503.2m the year before, for its full year results for 31 December 2015. Although the company saw its profit before tax fall to £5.5m, down 48 per cent from £10.5m the year before, a large chunk of the organisation's expenses [...]
Sage Group share price soars after software company reveals strong revenue growth for three months to December 2015 January 27, 2016 Sage Group today revealed strong revenue growth for the three months to 31 December 2015, with group organic revenue rising by 6.6 per cent. The company, which is well-known for its accounting and payroll software, revealed particularly positive growth for its software subscriptions income stream, for which revenue grew by 35.7 per cent for the first quarter [...]
Companies not doing enough to protect themselves from cybersecurity risks, believing their business will not be a target for attacks January 27, 2016 Despite business leaders' concerns about cybersecurity, companies are failing to protect themselves against risks, believing the worst will not happen to them. Research released today by insurer Aviva has found that two in five (44 per cent) small- and medium-sized businesses in the UK think the odds are unlikely of them being the target of a cyberattack [...]
Poor workplace wellbeing is costing businesses £554 per employee per year, as employers still need to do more to protect their workers’ health January 27, 2016 Staff absences are now costing businesses more than £500 per worker, but employers are still not doing enough to protect their employees' wellbeing. According to a report out today from the Chartered Institute of Personnel and Development (CIPD), although employee absences now cost businesses an average of £554 per employee per year, almost two-thirds (61 per cent) of [...]
