View more on these topics

Survey says employment law is holding back firms

Independent advisers believe that employment legislation is holding back the growth and productivity of their businesses.

A survey by employment law firm Peninsula shows that red tape is the biggest gripe of 84 per cent of the 553 respondents while 93 per cent say an employment tribunal payout could financially damage them to the point of not being able to continue in business.

Sixty-seven per cent of IFAs have had experience with disgruntled employees and 36 per cent have taken part in an employment tribunal.

Eighty-nine per cent of respondents believe that employment law is too complicated.

Peninsula&#39s survey found that most IFAs have human resources procedures and principles in place. It found that 98 per cent of those polled have sufficient human resources paperwork, including employee contracts and handbooks.

Senior employment law specialist Mike Huss says: “There are many positives to be drawn from IFAs&#39 recent clean bill of employment law but the lesson that one learns is to follow and maintain what you introduce. Keep updated with the law and deal with workplace disputes as early as possible to avoid any chance of litigation.”


Legal & General – Capital Protection Plus 5

Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £500-no maximum, Isa £7,000 Term: Six years Return: The greater of 23% of initial investment or 50% growth in the FTSE 100 index Guarantee: Original capital returned in full along with 23% of initial investment regardless of performance […]

Welcome move to speed up FSA on enforcement

I am writing regarding the article headlined, FSA looking to speed up two-year enforcement process. Most firms which have been involved in the enforcement process and those who advise them will be surprised at the description of the enforcement procedure as involving “at least three possible stages of appeal, with considerable time given to the […]

Friends Provident – Stewardship Safeguard Optimiser Fund

Type: Unit-linked fund Aim: Growth linked to the performance of the Isis Stewardship Growth Fund and the Barclays Global Investors Liquidity Plus Fund Minimum investment: Lump sum £5,000 Investment split: 70% Isis Stewardship Growth Fund, 30% Barclays Global Investors Liquidity Plus Fund Charges: Annual 0.6% plus annual 1.25% for Investment Portfolio Bond Commission: Initial up […]

FSA adds savings accounts to tables

The FSA has expanded its controversial product league tables to cover savings accounts. The tables will compare products from 109 companies covering around 80 per cent of the savings market. Providers which do not supply data will be highlighted as non-participants in the tables if they meet the minimum threshold for participation, which is 500 […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm