Just less than half of financial professionals think bosses’ business decisions are based on gut feelings, as many feel undervalued by the organisations they work in November 12, 2015 Are the spreadsheets scattered across your boss's desk just an illusion? A report out today by the Association of Chartered Certified Accountants (ACCA) and professional services firm KPMG has found that almost 40 per cent financial professionals believe that most business decisions are made primarily on gut feeling rather than cold, hard facts. In the [...]
Challenger bank Aldermore looking as safe as houses in third quarter results, as residential mortgages push up lending, but share price drops November 12, 2015 Aldermore has today reported loan growth of about £1bn over the last nine months, bringing total net loans to customers to £5.8bn, an increase of 20 per cent from the end of December. In its third-quarter results for 2015, the challenger bank, which was set up by former Barclays executive Phillip Monks, said it was on [...]
HMRC plans to shut local tax offices and replace them with 13 new regional hubs November 12, 2015 HM Revenue and Customs (HMRC) has today announced that it is planning to close 137 of its local tax offices, replacing them with 13 new regional tax offices. The regional centres, the first one of which could be launched as early as 2016 with the rest opening between 2017 and 2021, will generally be in [...]
ONS figures: UK businesses earned over £1 trillion in 2014, although mining and quarrying slowdown dents figures November 12, 2015 UK businesses earned over £1 trillion last year, according to Office for National Statistics (ONS) figures published today. The ONS Annual Business Survey showed that the Gross Value Added at basic prices (aGVA), which relates to the income of businesses less the cost of goods and services consumed in creating that income, for UK non-financial businesses [...]
Pension trustees increasingly interested in alternative assets, but the overwhelming majority are also failing to establish the views of pension members November 12, 2015 NULL
Law Society recommends minimum salary for trainee solicitors based on combination of living wage and training course fees November 11, 2015 The Law Society has today recommended those hiring solicitors on a training contract should pay a minimum salary of £20,276 in London and £18,183 outside of London. The representative body for legal eagles based their calculation on a combination of the living wage, set by the Living Wage foundation at £9.40 per hour in London [...]
Millennials are underestimating their life expectancy by roughly a decade and it’s creating problems for their pension calculations November 11, 2015 Far from thinking they’re immortal, millennials are underestimating their life expectancy by roughly a decade, which is also leading them to underestimate their required pension pot size for a comfortable retirement. According to the latest BlackRock Investor Pulse survey, which was released today, those aged between 25 and 34 predict that they will only live [...]
Six things we were not expecting to learn from today’s ONS labour market figures November 11, 2015 The Office for National Statistics (ONS) today revealed its latest Labour Market Statistics, showing that employment is on the up, with 31.21m people in work for July to September. So far, so good. But we’ve dug a little deeper into the statistics to discover six things we weren’t expecting to learn from this morning’s announcement: [...]
Those in default pension funds could be missing out on returns equating to around £500,000 for a lifetime November 11, 2015 Be warned if you’ve opted to stay in your default pension fund – research out today by JLT Employee Benefits has found that you could be missing out on returns by six per cent. Over the last three years, the performance of the top ten defined contribution (DC) pension default funds has been between roughly 3.5 per [...]
