Such practices will not be affected by the FCA’s recent fees clampdown because it will focus only on excessive penalties charged for unauthorised overdrafts. Earlier this month, the watchdog criticised those financial institutions that charge people who slip outside their authorised overdrafts.
Published: 11 July 2019
Basic administrative tasks are draining money from the British economy, with UK freelancers losing out on £28.1bn every year through menial jobs according to new research from Setapp, the frontier platform for Mac app subscription services
Published: 8 June 2019
“It is important that asset managers genuinely compete for inflows and the pricing must reflect this, rather than simply how much a client is willing to pay. This is a trend we have seen over the last couple of years and one we can only see remaining as the regulators around the world take a keen interest in the subject.
Published: 23 April 2019
The advice comes as figures from the European Commission reveal that less than half of UK enterprises survive their first five years, with separate research from market intelligence firm, CB Insights, indicating that 23% of businesses fail because they don’t have the right team in place
Published: 3 April 2019
Wren Kitchens has been rated the best retail employer to work for in the UK, according to data released by the world’s biggest job site Indeed. The Humberside-based retailer, which employs over 4,000 staff, scored consistently highly for valuing its employees to top the annual ranking.
Published: 28 March 2019
Importantly, the strong labour market is bringing more people into the labour force who were previously out of work but not looking for work – with ‘economic inactivity’ falling sharply in recent months, particularly for parents and for older people.
Published: 23 March 2019
The UK Corporate Governance Code, published by the FRC in July 2018, applies to all companies with a premium listing of equity shares in the UK. Specifically, the requirement is for these companies to report in their annual report and accounts on how they have applied the Code.
Published: 2 February 2019
Our industry has grown far quicker than other sectors, but we must be careful we support the continued professional development of our teams, otherwise, companies risk stemming the growth that has seen us become such an attractive industry.
Published: 5 January 2019
With it being Halloween today, we’re not thinking about fancy dress or fake blood. This year, we’re more concerned with getting a handle on those things which businesses fear. According to recent research, 76% of SME owners are losing sleep over the state of their business. Amongst the top concerns for businesses are finance, work-life balance and legal compliance.
Published: 1 November 2018
Some businesses declared spending up to 90 per cent of turnover on rents, salaries and other overhead costs. There are 1 million microbusinesses across London, which make up 96 per cent of companies in London. They generated £277.3 billion of turnover last year and created at least 282,000 jobs in the last five years.
Published: 23 October 2018