LSBF Blog - Global Matters

Mobile banking rising in popularity, research shows

Mobile banking is becoming increasingly popular in the UK, with more people using a smartphone to access their bank account on a regular basis, according to research from market research company Forrester.

The European Financial Services Survey surveyed 3,870 online consumers in the UK and found that 35 per cent of respondents use a smartphone to log into their bank account every month, whilst 21 per cent use a tablet and 1 per cent use a smartwatch. 

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More executives using networking for job search process, research finds

June 07 ,2017 | by Helen Gould

Networking is becoming a more important part of the job search process, with over 75 per cent of executives using this method to select candidates, according to research from executive search provider Korn Ferry.

The research has shown a decline in the importance of CVs when it comes to the job search process, with just 3 per cent of business executives believing that resumes are still the most important.

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Research reveals financial planning trends of millennials

June 06 ,2017 | by Hari Sri

Research from global asset management firm Legg Mason has revealed the financial planning trends of UK millennials, with smartphones being found to be the most popular way of engaging with financial services.

The Global Investment Survey found that over 90 per cent of millennials aged between 18 and 35 use a smartphone to access the internet, compared to 52 per cent of those aged between 53 and 71. However, just 16 per cent of respondents were found to be in favour of technology-led financial planning. 

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Research shows increase in demand for HR and recruitment professionals

June 05 ,2017 | by Helen Gould

Demand for HR professionals and recruitment specialists increased in March 2017, up by 4 per cent and 12 per cent respectively from March 2016, according to data from the Association of Professional Staffing Companies (APSCo).

The data identified the top sectors for job growth within HR over the past 12 months, with advertising seeing the highest growth at 34 per cent, followed by media at 33 per cent.

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Number of IT jobs increases after cyberattacks, figures show

Figures from the Association of Professional Staffing Companies (APSCo) have shown an increase in the number of IT security vacancies following the recent cyber security attacks.

Demand for security jobs was found to be the strongest in sectors that hold sensitive data, such as the accountancy, retail and education sectors.

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Research shows a continued need for financial education among Brits

June 02 ,2017 | by Thiago Kiwi

Research from Aviva has shown a continued need for financial education across the UK, with over 60 per cent of Brits saying that they wish they had learnt more about financial matters earlier in life.

The research, which surveyed 2,166 people in the UK, showed the impact that a lack of financial knowledge has had on Brits, with over 40 per cent still being affected by financial mistakes that they made in the past.

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Seedrs teams up with NatWest to offer alternative funding options

June 01 ,2017 | by Helen Gould

Seedrs has teamed up with NatWest and Royal Bank of Scotland (RBS) to become part of the Capital Connections programme.

Through the programme, the crowdfunding platform will be joining a panel of funders to provide alternative finance solutions to business and commercial customers of NatWest and RBS in the UK who are unable to access the financial support they need through traditional funding routes.

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Job vacancies reach highest level since 2015

June 01 ,2017 | by Hari Sri

The number of job vacancies in the UK has reached its highest level since 2015, according to figures from jobsite Adzuna.

The UK Job Market Report showed that 1,179,586 job openings are now being advertised, with just 0.44 jobseekers for every vacancy, creating an opportunity for people to change their job or explore other employment options.

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How to succeed in your ACCA studies

May 31 ,2017 | by Helen Gould

Going into the accountancy field is a big decision. If you’re planning to study for the ACCA qualification, one of the main factors you may have considered is the notorious difficulty of the exams – and how much work you’ll have to put in to ensure you get a good mark.

Don’t be too discouraged though; here’s our advice on how to give yourself the best chance of success.

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Increasing salaries would attract the right candidates, says recruitment agency

May 31 ,2017 | by Helen Gould

Employers should consider offering a higher salary in order to attract the right candidates for jobs, according to recruitment agency Select Appointments.

The advice comes after recent research from the Recruitment & Employment Confederation (REC) found that over 40 per cent of employers have had to increase salaries to attract suitable candidates for jobs. 

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Google launches free app to help boost skills in UK

Google has launched a free mobile app to provide people of all ages across the UK with free digital training.

The launch of the Digital Garage app is part of the tech company’s wider commitment to help people across the country to boost their skills. 

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Research reveals highest-paid jobs for women

Research from Savoystewart.co.uk has revealed the top ten industries that have the smallest pay gap and offer the highest-paid jobs for women in the UK.

The research analysed figures from the Office for National Statistics and identified the industries that have a pay gap of less than 10 per cent.

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Adopting new technologies could help banking customers, according to HSBC

Adopting new technologies could help banking customers to protect their information, according to HSBC.

The bank surveyed 12,019 people in the UK, US, Canada, France, Germany, Hong Kong, China, India, Mexico, Singapore and the United Arab Emirates and found that many do not trust new technologies when it comes to banking, with just 7 per cent saying that they would trust a robot to open a savings account. 

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Challenger banks leading the way in UK, research shows

Challenger banks are leading the way in the UK, outperforming their high street counterparts in meeting the needs of their customers when it comes to digital payments, innovative services and account connectivity, according to research from financial services technology provider FIS.

The third annual PACE (Performance Against Customer Expectations) study surveyed 1,000 British banking customers, asking them about their banking experiences and how well their provider is meeting their banking needs.

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Barclays to create 100 new jobs for private banking expansion

Barclays is to create 100 new jobs as part of the bank’s plan to expand its private banking business and attract wealthy clients.

The new roles come three years after Barclays ended its first expansion plan, which was launched in 2010. 

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Female entrepreneurs to help strengthen London’s connections with Silicon Valley

Fifteen female entrepreneurs running businesses with an average growth rate of 115 per cent annually will be travelling to the US to strengthen London’s connections with Silicon Valley and learn about global opportunities.

The three-day event, which will take place on 19th June and will be led by London & Partners Chairman Rajesh Agrawal, London & Partners Principal Advisor on Growth Janet Coyle and SVC2UK Co-Founder and Chair Sherry Coutu CBE, will give female founders the opportunity to connect with US founders and potential clients and investors.

 

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UK financial services customers want improved loyalty programmes, research shows

May 19 ,2017 | by Claire Payne

Research from Collinson Group has revealed what UK financial services customers are looking for when it comes to loyalty programmes. 

The research, which surveyed 2,250 consumers across the US, UK, Singapore and the UAE, found that 38 per cent of banking and financial customers in the UK feel as though they are rewarded for their custom.

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UK unemployment rate reaches its lowest level in 42 years

The UK unemployment rate has fallen to its lowest level in 42 years, according to the latest figures from the Office for National Statistics (ONS). 

The figures showed a drop of 4.6 per cent in the UK’s unemployment rate, with the number of people out of work falling by 53,000 to 1.54 million in the three months leading up to March.

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City of London is a key global hub for fintech companies

The City of London has become a key global hub for fintech companies over the past decade, according to UHY Hacker Young.

Research from the national accountancy group showed significant growth in the City’s economy, making it the strongest in the UK over the past decade.

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Graduate recruitment app Debut launches national petition for interview feedback

Student and graduate recruitment app Debut has launched a national petition calling for the government to make it a requirement for employers to provide interview feedback for candidates.

The petition, which is part of Debut’s #FightForFeedback campaign, comes after research from the app found that over 80 per cent of candidates who have attended an interview have not received feedback.

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Top degree subjects for getting a job revealed

The top 12 degree subjects for getting a job have been revealed in new research from the Telegraph.

The data, which was obtained using the latest information from the Telegraph’s university course finder and originally sourced from The Higher Education Statistics Agency (HESA) for 2014-2015, ranks the top degrees for jobs, with subjects such as business and technology featuring on the list. 

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Prospects launches special edition Graduate Market Trends journal

May 12 ,2017 | by Hari Sri

Prospects has launched a special edition of the Graduate Market Trends journal to help people to gain a better understanding of the impact of the Apprenticeship Levy.

The journal was launched earlier this week and contains expert advice and insight into the Apprenticeship Levy, including the challenges that employers will face as a result of its introduction. 

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Barclays searching for top female talent in North West

Barclays is searching for female business talent in the North West region for the bank’s Celebrating North West Women in Business Awards 2017.

The awards will be recognising women and female-led businesses that have made a difference in business over the past year, with finalists being given the opportunity to attend an awards lunch at Tatton Park, Knutsford on Thursday 6 July. 

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Survey shows optimism boost in financial services sector

Businesses in the financial services sector felt more optimistic in the first quarter of 2017 than in the previous quarter, despite uncertainty over Brexit, according to the most recent CBI/PwC Financial Services Survey.

The quarterly report surveyed 98 businesses and found that the level of optimism was varied across sectors, with investment managers, building societies, insurance brokers and life insurers feeling the most optimistic in the first quarter of the year.

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Study reveals banking preferences of UK adults

A study commissioned by Lithium Technologies has revealed the banking preferences of adults in the UK, with over 60 per cent saying that they would prefer to do their banking online than at a physical branch.

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