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Number of gay City workers increases

The City of London is employing more gay and lesbian people than ever, according to research from recruitment consultancy Joslin Rowe Associates and Origin HR.

The study found that 6.3 per cent – or 55,000 – of the 900,000 employees working in the City are gay, a rise of 0.4 per cent from two years ago.

But Joslin Rowe says the City still has progress to make, with room for another 35,000 gay or lesbian employees before it matches the mix in London’s general population.

Managing director Tara Ricks says: “Traditionally, the City was perceived as white, heterosexual and male, which put off gay and lesbian applicants. Times have changed and diversity is now a major watchword. The City knows it must attract the best talent from all walks of life and from around the world. Many firms now actively target gay undergraduates.”


Second-charge boom could lift market

A boom in the second-charge lending market could offset falling margins across the mortgage sector, says Brentchase Financial Services mortgage expert Mike Fitzgerald. His claim comes after Kensington said expansion in its secured loan business made up for falling first-charge margins in the first half of the year. The lender said it was hit by […]

Boost client pensions by 70 per cent by acting now says Skandia

Advisers can help clients boost their pension funds by over 70 per cent by taking advantage of the new annual allowance now rather than waiting according to Skandia.Skandia’s analysis shows that a client aged 50 could boost their pension fund by 73 per cent by investing their entire allowance now compared to waiting ten years […]

Baring bolsters EMEA equity team

Baring Asset Management has appointed Matthias Siller to its Europe Middle East and Africa equities team.He has over nine years experience on both the buy and sell sides, including proprietry trading Central and Eastern European equities and derivatives, and will be responsible for the Baring EMEA absolute return fund.Siller joins from Austrian investment management company […]

Package deal

Financial services recruitment has been witnessing a trend for some time. The candidate market or pool of talent is ever shrinking and finding qualified individuals is becoming increasingly difficult. One of the main reasons for this is the very small number of institutions that train raw graduates with a view to moulding them into accomplished […]

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.


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