Tesco has posted a record loss of £6.4bn, one of the biggest losses outside of banking in British corporate history. In its annual results, published today, the supermarket group revealed it made a pre-tax loss of £6.38bn in the year to the end of February, compared with a pre-tax profit of £2.3bn the previous year. […]
The number of annuity complaints received by the Financial Ombudsman Service has climbed by 29 per cent in the past year, as more consumers complain they were not made aware of the option of shopping around. The FOS’s annual review, published today, shows there were 776 complaints about annuities in the year to 31 March […]
A new Conservative Government is unlikely to ease concerns over the supply of housing, with experts pointing to continued constraints on resources and local planning departments. Property consultancy Knight Frank published a survey of over 160 housebuilders last month suggesting just 9 per cent believe more than 200,000 homes represents a sustainable level of housebuilding. […]
Increasing auto-enrolment contributions, reforming tax relief and extending new guidance service Pension Wise should be priorities for the new pensions minister, say industry experts. This week former Saga director general and older workers’ champion Ros Altmann was appointed pensions minister as part of the Government’s reshuffle. The pensions industry wasted no time in setting out […]
Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.
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