SMEs to face a £23bn recruitment cost burden
Nearly 46 per cent of workers across the UK are considering moving jobs, resulting in a potential £41.9bn cost to businesses while small firms will be crushed, as their recruiting expenses will...
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TPR issues draft funding code for DB schemes – industry reaction
The industry has responded to the draft funding code of practice for defined benefit (DB) pension schemes released today by The Pensions Regulator (TPR) along with a consultation paper. The consultation will...
Only 2pc of pension savers have ceased contributions – research
Only 2 per cent of pension savers in the UK report having ceased making pension contributions in the last six months, indicating that the cost-of-living problem isn't having a detrimental influence on...
1.5 million say NHS waiting lists impacting their work
Record-breaking NHS waiting lists are seriously affecting people's employment, according to a review of the most recent ONS statistics by Broadstone. According to the most recent statistics for October, the NHS backlog...
BoE hikes interest rates by 0.5pc – industry reaction
The Bank of England has increased its benchmark interest rate by 0.5 per cent to 3.5 per cent. Hymans Robertson head of capital markets Chris Arcari says: “Since the last Monetary Policy...
People’s Partnership names chair of board
The People’s Partnership has appointed life and pensions expert Jim Islam as its new chair of board. Islam joined the Board in 2018 and will begin serving in his current role on...
IFS calls for pensions IHT reform
The tax treatment of pensions makes it more likely that people will utilise them as an inheritance vehicle rather than a source of retirement income, according to the Institute for Fiscal Studies (IFS). IFS...
Isio appoints reward and benefits head
Isio has appointed Alexis Parrish to the new role of head of benefits technology. Parrish has more than 20 years of experience and joins from KPMG, where she spent eight years leading...
PMI partners with CIPP for payroll and pension training
The Pensions Management Institute (PMI) has formed a new strategic partnership with the Chartered Institute of Payroll Professionals (CIPP) to support membership growth and deliver enhanced value to members of both organisations....
Growing demand for healthcare trusts helps Healix expand
Healix Health Services is opening a new office in Bristol, creating 50 new jobs in the area. The healthcare trust provider is expanding its front-line operations team after seeing “record growth” in...
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