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&#39Industry faces the longest working week&#39

Financial services employees work longer hours than any other sector,

according to a pan-European survey.

Research by business communications provider Nextra shows 54 per cent of

employees in financial services work between 45 and 60 hours a week.

Of these, 27 per cent claim they are suffering from mental strain or

disorder as a result of their working practices.

More than 82 per cent of respondents in financial services claim work

encroaches on their evenings and 59.5 per cent say it often interferes with

weekends and public holidays.

Forty-eight per cent claim their work life can impact negatively on their

social and family life.

However, 86 per cent say they do not mind working such long hours. The

results also show that 39 per cent of financial services employees work at

home at least once a week.

According 61.5 per cent of respondents, working from home encourage

increases productivity and 53 per cent say it improves staff morale and


Nextra marketing manager Sara Gemmell says: “The survey highlights that

financial services employees work longer hours than in any sector.

“The pressure that staff are working under means that they are crying out

for more flexible working conditions.”


Outside Edge – Robert Reid

Earlier this week, I found myself playing golf at the prestigious RoyalBlackheath Golf Club when a sudden downpour sent me scurrying towards mygolf bag in search of my waterproofs. Forgetting that the last time I wore these was in 1990, I quickly put themon, only to convince my playing partner that at some time I […]

Association to boost mortgage brokers

A new trade association aimed at cleaning up the public image of mortgageadvisers and helping them cope with regulation is to be launched next year. The National Association of Mortgage Brokers and Advisers, headed byformer freelance compliance consultant Julian Jennings as chief executive,is aiming to recruit all 14,000 firms registered by the Mortgage CodeCompliance Board […]

Liverpool Victoria strengthens presence in affinity market

Liverpool Victoria is acquiring specialist provider of financial services and independent financial advice to the affinity sector Bishopscourt Financial Holdings for an undisclosed sum.The life office says the purchase provides it with an accelerated consolidation of its presence in the affinity market.Bishopscourt Financial Holdings chairman Mike Rutherford and group managing director Chris Wacey will join […]

Merrill Lynch HSBC – FTSE 100 Growth Protected Investment Product

Wednesday, 18 July 2001.Type: High interest account.Minimum-maximum investment: £5,000-no maximum, Tessa Isa £9,000.Interest rates: Up to 35 per cent of growth in FTSE 100.Term: Three years.Offer period: Until September 6, 2001.Withdrawal penalties: No withdrawals permitted during term.Tel: 08456 030405.

European Opportunities: 'It’s nice when stock selection results in a macro tailwind'

Amid significant macro headwinds in August, Mark Page explains why his fund’s focus on stock selection has helped it outperform a falling market in August. BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy


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