UK pensions: Industry reacts to hints flat rate pensions tax relief could be introduced by government at the March budget January 18, 2016 The tax relief available on pensions for higher rate taxpayers could be about to be slashed, as the government looks set to introduce a flat rate relief. The Financial Times has reported that chancellor George Osborne could announce in the upcoming March Budget that pensions tax relief, which is currently applied at the same rate [...]
Xchanging share price up: Deal edges closer as Computer Sciences Corporation offer becomes unconditional January 18, 2016 US-based Computer Sciences Corporation (CSC) revealed today that it is one step closer to purchasing outsourcing company Xchanging, after 87 per cent of Xchanging's shareholders accepted its offer. This level of acceptance means CSC's offer is now unconditional. Share price in Xchanging, which started trading late today, rose after the announcement and were trading up 0.5 per [...]
Australian company advertises the “worst job in town” on Seek – and there’s already a good number of applications January 18, 2016 If complaining about your day at work takes up most of your Monday evening conversation, this Melbourne-based role might just be perfect for you. A position for senior digital producer has been put up on Australian jobs website Seek, describing the role as the "worst job in town", complete with poor location and below market pay. Other [...]
Pupillage gateway dates shifted from January 2017 onwards so trainee barristers know application outcome before paying fees for Bar Professional Training Course January 18, 2016 The Bar Council has today announced that it will be changing the pupillage gateway dates from January 2017 onwards, running the process from January until April. The pupillage gateway is used by barristers' chambers to advertise available positions and recruit pupils, and currently runs from the end of April through to August. The move, which many [...]
Oldest person in UK turns 113 today but what does this mean for your pensions savings plans? January 18, 2016 If you were worrying about the number of candles on your most recent birthday cake, don't: you'd have to go a long way to compete with Gladys Hooper, who celebrates her 113th today. While BBC News reported that Hooper, who is the oldest person in the UK according to Gerontology Research Group records, would be glad to celebrate her birthday with a [...]
2016 already looking positive for financial services jobs as top consultants net salaries of £97,000 January 18, 2016 The new year may have only just begun but there are already signs of 2016 being a strong year for financial sector jobs. According to findings released today by recruiter Morgan McKinley, many employers have already kicked off their 2016 hiring. “Despite a rude awakening to the start of the year from financial markets, we’ve actually [...]
UK Pensions: All open defined benefit pension schemes in the FTSE 250 could be gone by next year as employers struggle to turn their pension deficit into a surplus January 18, 2016 All open FTSE 250 defined benefit (DB) pension schemes could disappear within the next year, as employers struggle to keep pace with increasing liabilities. According to analysis released today by JLT Employee Benefits, DB pension provisions in the FTSE 250 have fallen by around 16 per cent in the last year. The total disclosed pension [...]
Profits looking strong for the financial services industry but outlook remains weak January 18, 2016 Financial services firms reported strong profitability for the last quarter of 2015, although the sector is slightly cautious in its outlook. A survey of 100 financial services firms out today from the Confederation of British Industry (CBI) and professional services firm PwC has discovered that financial services firms are reporting strong profitability for the three [...]
Overseas regulators increasingly asking the Financial Conduct Authority for assistance, hiking up the compliance burden for UK businesses January 18, 2016 The number of requests for assistance from foreign enforcement agencies received by the Financial Conduct Authority (FCA) has risen over the last year. According to figures released today from City law firm RPC, the FCA received 1,073 such requests in the year to 30 September 2015, up four per cent compared to the year before, [...]
