Finally, the draft Regulations that aim to remove the default retirement age of 65 have been published. They are in draft and are yet to be approved.  However, whilst they have provided more clarity in some respects, they have caused complete confusion in others.  The Regulations provide that:
1 from 6/4/11 employers will no longer be [...]

Posted: February 18th, 2011 under Employment/HR.
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Markets
London - The FTSE 100 added just 2.11 points to close at 6,087.38 yesterday. BAE Systems, Europe’s largest defence company, slid 4.2% to 340.9 pence. The company forecast that revenue will fall this year as the U.K. government reduces spending. BAE also reported 2010 profit of 1.05 billion pounds ($1.7 billion), missing estimates. Reed Elsevier Plc sank 2.2% to 561.5 pence as the owner of the LexisNexis database and ComputerWeekly magazine reported net income that was in line with analysts’ estimates. Royal Bank of Scotland Group Plc, the bank that is 83% government- owned, advanced 3.8% as Berenberg Bank and Evolution Group Plc advised buying the shares.

Posted: February 18th, 2011 under Asset Management.
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Markets
London - The FTSE 100 gained 48.19 points to close at 6,085.27 yesterday as brokerages advised buying the shares of Resolution Ltd., British Land Plc and Land Securities Group Plc, pushing the FTSE 100 Index higher for the first time in three days.

Posted: February 17th, 2011 under Asset Management.
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The right to request time off for work relevant training was introduced for employees of large employers in April 2010.  It applied to employers who employed 250 employees or more.  The Government had intended to extend this right to all employees from April 2011. 
The penalty for an employer who failed to consider such a request was [...]

Posted: February 16th, 2011 under Employment/HR.
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Markets
London - The FTSE 100 fell 23.01 points to 6,037.08 as inflation accelerated to 4% in January, the fastest pace since November 2008 and double the central bank’s target. That forced Bank of England Governor Mervyn King to write to Chancellor of the Exchequer George Osborne to explain the bank’s interest-rate policy. King presents his quarterly economic forecasts in London today.

Posted: February 16th, 2011 under Asset Management.
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