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&#39IFAs not aware of new flexible working rules&#39

IFAs are unaware of the recent introduction of flexible working regulations for families and how it affects them, according to a survey by employment law specialists Peninsula.

Over half of IFAs were unaware that the legislation was being introduced and did not know how it would affect them or how to comply.

It also found that 83 per cent believed that the legislation would create unnecessary paperwork for employers and only 32 per cent thought that it would increase employee productivity.

Smaller firms, in particular, will be affected by the legislation, as the loss of only one or two members of staff can have an effect on performance. There is also concern that employees without dependants who are not given the option to work flexible hours could feel discriminated against.

Head of corporate development Russell Guest says: “Many small IFAs are worried that once these laws come into play, their business will not reach their potential productivity.

“They will be left with minimum staffing levels once employees are working flexible hours to suit themselves.

“With more legislation set to be introduced, suitable alternatives to the barrage of red tape have to be sought if the potential damage to IFAs is to be halted.”


&#39Use salary sacrifice to cut NI bill&#39

Legal & General is advising employers to take advantage of salary sacrifice to reduce their firm&#39s and employees&#39 National Insurance bill. A 1 per cent increase in NI contributions will add an extra £1,000 to an employer&#39s NI bill for every £100,000 of payroll. But L&G says by simply reviewing the way pay is structured, […]


“No. I would be happy if this was the death knell for Prudential. It is taking arrogance to a whole new level in the industry.” Henry Simpson, Simpson Financial Planning “No. I couldn&#39t quite get my head around the fact that it has withdrawn guarantees on pipeline cases as well. It&#39s unbelievable.” Richard Mumford, M&M […]

Platinum Capital Management – Platinum All Weather Fund

Friday, 25 April 2003 Type: Hedge fund Aim: Growth linked to the performance of the S&P 500 index Minimum investment: Lump sum $100,000, euros 100,000 Place of registration: Cayman Islands Investment split: 100% linked to the performance of the S&P 500 index Charges: Annual 1.2% Commission: Subject to negotiation Tel: 020 7887 6110

Norwich & Peterborough Building Society – Childrens&#39 Loyalty Bond

Thursday, 24 April 2003 Type: High interest account Minimum-maximum investment: £1,000-£25,000 Interest rates: 4.4% gross a year Term: Five years Offer period: Until further notice Withdrawal penalties: 180 day&#39s loss of interest Tel: 0845 3002511

India GDP surprise

By Kunal Desai, head of Indian Equities, Neptune Kunal Desai, manager of the Neptune India Fund, comments on the strength of India’s latest GDP figures. Click here for more Important Information Investment risks The Neptune India Fund may have a high volatility rating and past performance is not a guide to future performance. The value […]


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