Posted By Anisa Choudhary
The Treasury Committee is calling for finance firms to sign up to the Women in Finance Charter to help boost gender diversity in financial services.
Treasury Committee Chair Nicky Morgan has written to more than 30 businesses in the sector, challenging them about why they have not signed the charter and whether or not they will.Read more >>
Lloyds Bank has recently become the first FTSE 100 company to announce a diversity target to boost the number of staff from BAME (Black, Asian and Minority Ethnic) backgrounds in senior management.
The bank will be increasing BAME employees in senior management roles from 5.6 per cent to 8 per cent as part of its 2018 Helping Britain Prosper Plan which is set to be published next week.Read more >>
The latest IHS Markit/REC Report on Jobs from the Recruitment & Employment Confederation (REC) has shown an increase in demand for permanent staff across a number of sectors in January.
Permanent staff placements increased at the steepest rate since April 2015 last month, while overall growth in temporary billings was sharp, despite hitting a ten-month low.Read more >>
A study from recruitment agency Robert Half UK has shown the nation’s finance workers need more access to wellbeing programmes.
According to the study, 78 per cent of chief financial officers believe stress levels in the workplace will increase by 2020, whilst 16 per cent think there will be no change.Read more >>
Emolument.com has revealed the sectors that offer the highest-paid roles for contractors, with several finance jobs making the list.
The salary comparison website analysed compensation data from 3,694 contractors in the UK and found the majority of the best-paying roles are in sectors such as finance.Read more >>
A report from management consulting firm McKinsey & Co has shown gender diversity in businesses in the financial services sector has improved.
The report, entitled Delivering through Diversity, surveyed 1,007 businesses across 12 countries globally to show how gender diversity has improved and how inclusion can help boost business performance.Read more >>
The latest Business Barometer from Lloyds Bank Commercial Banking has shown business confidence in London was the joint highest of all regions in the UK in January.
The Business Barometer, which is released monthly and has been running since 2002, was carried out on a regional basis for the first time, with 1,200 businesses surveyed.Read more >>
Lloyds Banking Group has announced it will be helping to boost digital skills across the UK to enable adults to have easier access to work and education.
The bank has teamed up with The Tech Partnership to lead a consultation that aims to improve the way Basic Digital Skills are measured.Read more >>
UK lawmakers have urged financial regulators to help keep London a major global financial centre after Brexit.
A report from a House of Lords committee has suggested the UK government could require regulators to boost competitiveness in the industry and help to ensure the capital remains a global base for financial dealing.Read more >>
Bank of England Governor Mark Carney has predicted a “conscious recoupling” of the UK economy with the rest of the world as Brexit continues.
Carney was speaking to the BBC at the World Economic Forum in Davos, and admitted that the UK economy is currently an outlier in terms of global economic growth.Read more >>
US Treasury Secretary Steve Mnuchin has said the UK will be at the head of the queue for negotiating free trade agreements with the US.
Mnuchin, who has a leading role in overseeing the US economy, made the promise at the World Economic Forum in Davos.Read more >>
As new banking regulations come into effect in Europe this month, a number of small UK fintech companies are poised to take advantage.
The introduction of the Second Payment Services Directive (PSD2) this month has brought open banking to the UK, and financial institutions are grappling with the opportunities and challenges presented by the changes.Read more >>
The financial services sector can do more to meet customer demand by upgrading recruitment practices, according to a report into customer satisfaction.
The survey, which was carried out by consultancy Oliver Wyman, surveyed 4,000 customers across the UK, US, France, and Australia, along with a US mass-market focus digital group of 100 customers.Read more >>
The accountancy sector has been given a boost during the last 12 months thanks to a significant upturn in demand for interim specialists, reported by recruitment professionals.
According to Global Accounting Network, the demand for fully qualified accountants to work on a short-term or contract basis within the commercial and industrial sectors in the UK increased by 44 per cent in the year to November 2017.Read more >>
Finance recruitment company Robert Half has revealed which roles are set for the biggest salary increases in 2018.
The Robert Half 2018 Salary Guide showed accountants and finance leaders will see the biggest increase in their salary as demand for skilled finance professionals rises.Read more >>
Research from global recruitment firm Michael Page has revealed skills that workers and recruiters believe are the most valuable to careers in 2018. Finance and business skills both make the list.
The research surveyed 1,196 British workers and 240 recruiters.Read more >>
Figures from finance recruitment agency Global Accounting Network have shown that more businesses are seeking out interim accounting professionals.
Market analysis from the agency showed demand for qualified accountants to work temporarily, on a contract-to-contract basis, increased with a year-on-year rise of 44 per cent.Read more >>
The government will make the UK’s financial services sector a priority in the next round of Brexit negotiations, according to Theresa May.
The Prime Minister met with a number of financial services leaders to discuss the UK’s exit from the EU, with input being provided by bosses from major banks and financial institutions such as HSBC, Barclays, Goldman Sachs, JP Morgan Chase, and Prudential.Read more >>
Figures from finance and banking trade association UK Finance have shown invoice financing has reached a record high of more than £22 billion.
The figures showed an increase in invoice finance to businesses in the third quarter of 2017, with a year-on-year rise of 13 per cent.Read more >>
The Federation of Small Businesses (FSB) has launched a new fintech platform to provide small businesses and self-employed people with more access to funding.
The FSB Funding Platform, which is regulated by the Financial Conduct Authority (FCA) and developed by business finance platform Finpoint, will help potential borrowers get access to funding by matching them with more than 100 providers.Read more >>
Data from totaljobs has shown a record rise in the number of advertised jobs in the UK at the start of 2018, with banking and finance among the sectors that saw an increase.
The figures showed 54,000 jobs were advertised on the totaljobs website between the 1st and 7th January 2018, up by 20 per cent from the same period in 2017.Read more >>
A report from the London Assembly has called for the creation of a banking charter to ensure all young people in London have a bank account.
The report, entitled Short Changed: The Financial Health of Londoners, focuses on financial inclusion and offers recommendations to help Londoners get more access to high-quality, affordable financial services.Read more >>
A report from retail bank Aldermore has shown small and medium-sized businesses are optimistic about obtaining finance over the next year.
The Aldermore Future Attitudes report surveyed more than 1,000 business decision-makers across the UK. They found 75 per cent are confident they will be able to access funding to achieve their growth ambitions, up from 63 per cent in Q4 2016.Read more >>
Research from CV-Library has revealed the top industries that UK professionals who are looking to start a new career in 2018 should consider, with education and accounting making the list.
The UK job board found 75.7 per cent of UK professionals would change their career if they had the chance, while 39.9 per cent are unhappy in their current job role.Read more >>
Research from employee engagement company Qualtrics has found workers in junior positions are most likely to search for a new job at the start of the New Year.
The Qualtrics Employee Pulse report, which is released quarterly and surveys more than 4,000 workers, found workers under 35 are among those most likely to leave their job in January.Read more >>