The latest figures from the Department for Work and Pensions illustrate that sickness absence is still a major cost to businesses, with an annual bill for sick pay and associated costs to employers of £9bn. This paper from Jelf Employee Benefits looks at the importance of recording sickness absence for any employee health strategy and how this can be carried out in an efficient manner to reduce absence, improve employee engagement and drive up profits.
The United Nations is calling on pension funds to cut investments in oil companies and other fossil fuel businesses in a bid to tackle climate change. Speaking at a climate change summit in Copenhagen yesterday, UN secretary-general Ban Ki-moon said big investors such as insurers and pension funds should cut their investments in fossil fuels […]
The Investment Management Association faces calls to create a risk-targeted fund sector amid concerns a market crash could create a “lost generation” of investors. The IMA points to a rise in the number of outcome-focused funds in recent years. “As part of our regular review process, we are looking at how these funds are accommodated […]
Troubled supermarket giant Tesco is considering the sale of part of its banking arm in a stockmarket listing worth up to £1bn. The Telegraph reports estimates from HSBC analysts that put the cost of turning the company around at up to £3bn, with the partial sale of Tesco Bank shares seen as an attractive option. Alternative […]
Transact and Ageas Protect have teamed up to launch an investment-linked term assurance product. The ‘integrated protection: term life insurance’ product aims to cover a shortfall in a client’s assets upon death, and links the sum assured to the assets held on the platform. The pilot launch gives 30 firms access to the product via […]
Technology firm IRESS has struck a deal with the Julian Harris Network that will see its XPLAN Mortgage platform rolled out to all 132 of the network’s advisers. According to IRESS, the software does not require a would-be borrower to provide credit files up front, and it will enable pre-qualification for a mortgage offer early […]
Instead of looking for innovations, we should seek to create new meanings for new audiences, based on used ideas My last article for Money Marketing appeared to accuse advisers of stifling innovation and, as you can imagine, comments were made. In my defence, I was doing so less by way of criticism and more by […]
I have never been a great fan of daytime television, despite the worst possible occurrences of man flu over the years, but the recent news coverage on the employment status of veteran presenter Lorraine Kelly got me thinking. In particular, about just how long the “self-employed” status will remain a robust and safe position to […]