Total employment in Britain has risen by 3.6 million in the past 20 years, with the financial services sector workforce growing by over one-fifth, according to the Halifax.The sector’s workforce has grown by 197,000, or 22 per cent, since 1985 from 888,000 to just under 1.1 million. In 1985, people working in financial services made up 4 per cent of Britain’s workforce compared with 4.2 per cent now. This compares with a 92 per cent increase – almost two million people – in business services, including real estate, accountancy, IT, legal services, architecture and advertising. The biggest gains in financial services employment are 65 per cent in Scotland and 61 per cent in Yorkshire and Humberside. Greater London has the highest percentage of finance sector workers at 8.3 per cent of the workforce against a nat-ional average of 4.2 per cent.
Former Deutsche Asset Managment European chief executive Paul Manduca is to join the board of supermaket chain Wm Morrison as a non-executive director. Manduca, who ran Rothschild Asset Management and built up Threadneede, is viewed as a potential succesor to the supermarket’s chairman Ken Morrison.
The Pension Protection Fund board has taken responsibility for the Fraud Compensation Fund, which replaces the Pensions Compensation Board. The fund will provide compensation to occupational pension schemes that suffer a loss that can be attributed to dishonesty.
Norwest Consultants principal Harry Katz suggest 12 reasons to be cautious of the hype over putting property in a Sipp
The objective of the FSA’s Treating Customers Fairly initiative is to ensure that customers’ best interests are embedded throughout any financial services firm’s business practices.
Holly Cassell, Assistant Manager of the top-performing Neptune UK Mid Cap Fund, discusses the potential near-term impact of Article 50 and the Brexit negotiations that she believes investors should pay most attention to. Read article here Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a […]
- Top trends
- Top trends
- Waspi women should be given £15,000 each, Lib Dems say
- Steve Bee: Make way for the next generation of Waspi women
- DWP admits ‘misleading’ public on Scottish independence
- Woodford: Three picks for enticing equity valuations
- Waspi slams ‘devastating’ state pension age hike as IFS says reforms saved £5.1bn
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