Research from CV-Library has revealed how workplace relationships affect those working in an accountancy role.
The research surveyed 1,200 professionals and found 77 per cent of accountants believe their workplace relationships have had a positive impact on their personal life.Read more >>
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 >>
A report from the Association of Chartered Certified Accountants (ACCA) has shown that job satisfaction is higher in large accountancy firms, with 48 per cent of young finance professionals working in a large company saying that they are happy in their job role.
The report, entitled Generation Next: managing talent in large accountancy firms, surveyed 19,000 ACCA members and students aged 16 to 36, with particular focus on young finance professionals working for a large accountancy firm globally, such as one of the Big Four firms or a mid-tier company.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 >>
Financial services firms are being urged to focus on security after figures from the Financial Conduct Authority (FCA) showed that cyber-attacks on firms in the sector increased by more than 80 per cent in 2017.
Speaking at the PIMFA Financial Crime Conference in London, FCA Head of Technology, Resilience and Cyber Robin Jones discussed the areas in which financial services firms need to boost security, with firms being urged to place more focus on staff training and raising awareness.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 >>
Morgan McKinley’s 2018 Salary Guide has shown that demand for niche skills and specialist knowledge was strong in the accounting and finance sectors in 2017.
The recruitment consultancy’s guide also identified a number of key trends, including increases in salaries for newly qualified individuals working in finance in areas such as London.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 >>
Mastercard has set a challenge for banking providers by requiring them to offer biometric authentication by the spring of next year.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 immediate future of the global economy looks good, according to the latest report from the International Monetary Fund (IMF).
The IMF has found that the recent upturn in international trade is led by growth in Europe and Asia.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 >>
Financial technology start-up Curve is to disrupt the conventional banking system with the launch of its payment-switching card.
The service, which was previously a beta version that was only available to the start-up’s business users, has now been launched to 50,000 members across the UK.Read more >>
A survey commissioned by global business analytics firm Dun & Bradstreet and the Small Business Research Centre has found that SMEs are feeling confident about their future despite uncertainties over Brexit.
The research surveyed 505 managers and found that 54 per cent are feeling confident about their future success, whilst 75 per cent are confident that they will achieve financial growth over the next five years.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 >>
British banks could help to boost the UK’s productivity growth, according to Bank of England Monetary Policy Committee (MPC) member Silvana Tenreyro.
Delivering her first public speech as an MPC member, Tenreyro said that she believes UK banks have almost recovered from the financial crisis ten years ago, which could lead to a rise in UK productivity as the finance industry’s performance starts to improve.Read more >>