2013 Archive

Job security concerns at 4-year low, says Markit

Household financial optimism is on the up, according to Markit

The latest household finance index from Markit shows job security in the UK is at its highest level since the survey began in February 2009.

OFT decides against introducing pension fees cap

OFT agrees to reforms for UK's defined contribution pension schemes

The Office of Fair Trading has agreed to a series of reforms to the workplace pension market, in a new report that follows a six-month UK-wide investigation into the sector.

1 in 3 single people aged over 55 think they will never retire

The key to a comfortable retirement is to start saving early

HSBC's global report, 'The Future of Retirement' suggests that 1 in 3 people divorced, separated or widowed think they will never be able to retire.

Unemployment rate falls to 7.7% as sterling strengthens

Unemployment fell by 24,000 to 2.49m

The unemployment rate, used to assess when interest rates will be reviewed by the Bank of England, fell from 7.8% to 7.7% in the three months ending in July.

2013 on course to see highest number of new jobs since 2007

Job creation could be the key to the economic recovery

A new report from Manpower says that new jobs will be created at the fastest rate since 2007 in 2013 and could be pivotal in influencing central bank policy.

Concern over quality of temporary jobs and zero-hour contracts

Len McCluskey of Unite warns on zero-hour contracts

The UK's biggest union, Unite estimates that up to 5.5 million people in the UK are employed on contracts that offer little guaranteed work and few benefits.

TUC says true jobless figure could be close to 5 million

The TUC says the real level of unemployment could be higher

The TUC says that if all potential employees who want to work are included in the figures, the true number unemployed would be close to 5 million.

20% of UK workers earn less than a living wage

Most restaurant workers earn less than the living wage

A new report by the Resolution Foundation has found that 20 per cent of workers in the UK earn less than the living wage and the recession has increased the gap between the top and bottom.

Economy getting greyer

Older people now make up a far higher percentage of the workforce. Image:Thinkstock

Older people's employment rate is higher than before the recession, a new official report shows.

TUC warns ending of S2P will leave workers £29pw worse off

Millions may be worse off from the pension changes

The TUC has warned that millions of people will be financially worse off after the government rolls out a series of pension changes

UK pensioners plan to sell homes to fund retirement

Two million pensioners are planning to sell off their family home

Two million pensioners are planning to sell off their family home in order to fund retirement, says new research by Prudential.

One in five pensioners plan to carry on working

Potential retirees are having to make difficult choices

A new study reveals that almost 20 per cent of over 65's have no idea when they will retire and nearly one in five plan to sell their home to fund retirement.

Unequal bonus payments fuel gender pay gap

New research reveals the gender pay gap is rising

New research shows that the gender pay gap is growing heightened by men receiving double the bonus for the same job than female equivalent workers.

Zero-hours contracts used mainly for lower paid workers

The majority of workers employed on zero-hours contracts are young

New research has found that is it mainly lower paid workers who are on zero-hours contracts as employers take advantage of the flexibility they give.

Civil servants get tax breaks paid for by taxpayers

UK taxpayers are picking up the tab for some civil servants tax perks

An investigation by a newspaper has found that taxpayers are picking up the tab for some tax perks given to the most senior civil servants in the country.

Unemployment falls by 4,000 to 2.51 million

Unemployment fell by 4,000 in the three months ending June 2013

Unemployment fell slightly in the quarter ending in June 2013, down 4,000 to 2.51 million with the rate remaining at 7.8%, according to the latest official figures from the Office for National Statistics.

CIPD reports increased recruitment plans for UK firms

Job prospects on the rise, according to the CIPD

The Chartered Institute of Personnel and Development found that its members expect to hire more in the next three months in a further sign that business confidence is improving.

UK salaries stagnate and fall into Europe's bottom four

Wages in the UK have fallen at one of the fastest rates across the EU

Wages in the UK have fallen at one of the fastest rates across the entire European Union, even though Germany and France enjoyed nice rises.

HMRC slammed as only one of 20 tax cheats caught

HMRC has been criticised by Labour for it's tax evasion project

Only one of the 20 most-wanted fraudsters and tax evaders in the UK has actually been caught, according to the HMRC.

Job vacancies rise as demand for skilled staff surges

Job vacancies are on the rise, according to a new report

A new report shows that demand for both permanent and temporary staff is at its highest level for more than two years and starting salaries are also on the rise.

Are zero-hour contracts unfair or part of a flexible workforce?

New research suggest 19% of firms hire people on a zero-hours contract

New research by the Chartered Institute of Personnel and Development suggests the number of people employed on zero-hours contracts could be four times higher than official figures suggest.

Britons happiness levels on the rise, according to ONS

More Brits are happy this year, according to the ONS

New figures by the ONS have suggested there has been a slight improvement in people's happiness in the UK since last year.

What are enhanced annuities?

What are enhanced annuities?

Enhanced annuities could boost your pension income by as much as 40 per cent

Auto-enrolment numbers hit one million after one year

Pensions Minister, Steve Webb

The number of employees now enrolled in an auto-enrolment pension has breached one million less than a year after the introduction of the government's flagship scheme.

The jobs riddle: Both vacancies and long term unemployment up

Unemployment fell slightly over the last quarter

Unemployment fell by 57,000 in the last quarter to 2.51 million and the number of job vacancies rose to the highest level for almost five years.

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