LSBF Blog - Global Matters
A report from research and strategy firm Source Global Research has shown banks increased spending on consultants in 2016, with a growth of 8.4 per cent globally.
The Financial Services Consulting Market 2017 showed spending increased to £10.2 billion. Spending was up by 8.3 per cent in the global financial services industry, with the UK, US, and DACH being the biggest spenders.Read more >>
The Government’s Industrial Strategy has been launched to help boost skills, training and research in the UK.
Over the next three years, £725 million will be put towards the Industrial Strategy Challenge Fund to help make the UK the most innovative nation in the world by 2030.Read more >>
Professional services and Big Four firms Deloitte and PwC have joined an initiative that aims to boost the number of women in the technology industry.
The companies join 88 other firms that have signed the Tech Talent Charter, including banks and technology firms such as Lloyds Bank, Nationwide Building Society, Dell, and HP.Read more >>
Starling Bank has teamed up with mobile payment and loyalty platform Yoyo Wallet to give customers the opportunity to benefit from loyalty reward programmes from specific retailers whenever they make payments through Starling.
The challenger bank is the first bank in the UK to fully comply with the PSD2 EU-wide directive, which is a new open banking rule set to be introduced early next year that will enable consumers to select which third-party providers they wish to share their data with.Read more >>
Graduates are more drawn to companies that offer clear career prospects, according to research from GTI.
The study surveyed 949 students and recent graduates and questioned them about career expectations and what they look for in an employer. The results found more than 50 per cent favour employers that offer career progression opportunities.Read more >>
Lifelong learning and better career guidance could help boost growth and productivity in the UK, according to a report from the OECD.
The report, entitled Getting Skills Right: United Kingdom, showed 42 per cent of adults have a tertiary degree, compared to 34 per cent across the OECD. This suggests that an increasing number of people in the UK are completing higher education.Read more >>
A new guide has been published to show how the collaboration of fintech firms and banks could help improve the financial services industry and strengthen the UK’s position as a global fintech leader.
The guide, entitled Transformation and innovation: a guide to partnerships between financial services institutions and finTechs.Read more >>
Fintech businesses are the most ambitious when it comes to their fundraising plans, according to a report from professional services and Big Four firm EY.
The EY Fast Growth Tracker surveyed hundreds of UK entrepreneurs about their future funding plans and found that 34 per cent of fintech firms are aiming to raise £5 million for their next fundraising round.Read more >>
Last month, Times Higher Education reported that they expect over half of the 120 mainstream UK universities to commit strategically to online learning in the coming year.
It seems to mark a moment of intensifying e-learning growth in the UK - even more so as institutions aim to reach out to the global marketplace.Read more >>
At least 150,000 workers in the UK are set to receive an increase in pay after The Living Wage Foundation announced a 3.6 per cent rise in the UK Living Wage.
The new UK rate is now £8.75 per hour, up from £8.45 and £1.25 more than the minimum wage.Read more >>
NatWest is to help its customers achieve their financial goals by launching an automated investment advice service.
NatWest Invest is an online platform that enables the bank’s customers to receive advice and keep track of their investments, with the service being available to customers that have a minimum of £500 to invest.Read more >>
The ICAEW is to launch a new initiative that will provide chartered accountants with the opportunity to become personal finance directors.
The initiative will consist of an online community that will offer access to all areas of financial planning to help chartered accountants boost their knowledge and place them in a position where they are able to offer financial support to SME owners and managers.Read more >>
Research from the Association of Chartered Certified Accountants (ACCA) has revealed the most popular sectors that millennials working for small-medium businesses would like to move to.
Big Four firms and large businesses both topped the list at 21 per cent.Read more >>
LinkedIn has launched a new feature to help its members to connect with professionals and receive or give careers advice on topics such as changing careers and career development.
The business-orientated social networking website first launched Career Advice in San Francisco and Australia earlier this year and is now rolling out the feature to the UK, US and India, with a global launch planned in the coming months.Read more >>
Research from online training platform Course Library has found 50 per cent of UK workers want employers to make a greater investment in further training in boosting digital skills.
The study of 1,000 adults aged between 18 and 64 found that while the majority of UK businesses are not doing enough to provide training, UK workers have a strong interest in boosting digital skills.Read more >>
The number of accountancy jobs has increased as businesses search for professionals to fill roles in the sector, according to a survey from recruitment consultant Robert Walters.
The survey showed that demand for accountancy professionals has remained strong throughout 2017, with the number of job roles in the UK rising by 15 per cent in the third quarter of the year.Read more >>
People who work for themselves are less stressed and have better wellbeing than those who work for someone else, according to research from AXA Business Insurance.
The company’s annual Stress Index showed that whilst 78 per cent of people who are self-employed have experienced some stress, this is still lower than those in employment, with nine in ten people who work for someone else describing themselves as stressed.Read more >>
Business activity growth reached its highest in six months in London last month, the latest Lloyds Bank Regional Purchasing Managers’ Index (PMI) has shown.
The London PMI registered a reading above 50, signalling growth in business activity in the city. October’s reading stood at 56.3, up from 54.1 from the previous month and the fastest rate of growth since April.Read more >>
Flexible working is one of the main drivers of motivation for UK employees, according to HSBC.
Their study found 89 per cent of employee respondents believe flexible working is a key motivator for boosting productivity levels. 77 per cent consider financial incentives to be the main motivator.Read more >>
Having a relatable role model could help female entrepreneurs in the UK who wish to set up their own business to feel more confident in their ability to do so, according to research from Facebook.
The social networking website commissioned the research for its #SheMeansBusiness programme and found that more than 80 per cent of aspiring female entrepreneurs believe that having a relatable role model would inspire them to set up their own business.Read more >>
Barclays has teamed up with London based fintech start-up Flux to trial itemised digital receipts to 10,000 of the bank’s customers.
The trial, which will be rolled out through the Barclays Launchpad app, will mark the first time that Flux has entered a ‘tier one bank partnership’.Read more >>
Research from Ebuyer has found that 80 per cent of Britons aspire or have aspired to set up their own business, with Londoners being the most entrepreneurial.
The research surveyed 2,000 UK adults and found that 84 per cent of residents in London have thought about starting their own business.
Read more >>
Research from recruitment company Robert Half Financial Services has revealed the most appealing factors of a career in the financial services industry.
The research, which coincided with International Accounting Day, found that 34 per cent of financial services leaders believe a career in the industry is attractive.Read more >>
The number of permanent placements in London has increased at its fastest rate since May. This information was reported by the Recruitment & Employment Confederation’s Report on Jobs: London for October 2017.
The report also showed that the number of employed temporary/contract workers in London increased for the 15th successive month in October. The rate of growth increased at a faster rate from September.Read more >>
Research from Arch Apprentices has revealed the top qualities that employers look for when recruiting young candidates.
The research surveyed 500 business decision-makers and found that the majority of employers value enthusiasm when it comes to recruiting young people for their business, with this being cited by 74 per cent of respondents.Read more >>