FCA Crackdown on Advisers Imminent
An FCA Crackdown on Advisers is in the pipeline, as it becomes apparent that numbers of firms abusing consumers is on the rise, the FT Adviser writes. The authority published a letter to financial advisers dated the 21st of January, 2020, stating that cases where “significant harm to consumers’ financial well-being” were on the…
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The 35-Hour Working Week
At present, a large number of employees across the United Kingdom are essentially overworked, and underpaid. It is also becoming more apparent that working families are struggling to keep up with the costs of basic living. The financial and physical and emotional implications of this can be significant and as such this can reportedly…
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£4.3bn NHS Legal Bill For Clinical Negligence Claims
In light of the BBC’s report on the £4.3bn NHS legal bill for fees relating to Clinical Negligence, we ask how this situation has arisen and how it could be improved. This figure encompasses claims yet to be settled and a projection of estimated future claims, which the BBC obtained after a Freedom of Information…
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SIPP Claims Soar – Advisers’ FSCS bill to reach £213m
Levies across advice firms for the next financial year have been forecast at £213m by the Financial Services Compensation Scheme (FSCS). The rise in Self Investment Personal Pensions (SIPPs) is to blame, with claims against SIPP providers expected to increase by more than double over the 2020-2021 period. This rise is due to nine providers…
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Lincolnshire Hospitals Purchase HPV Machines
Hospitals in the United Lincolnshire NHS Trust have invested a total of £80,000 in four Hydrogen Peroxide Vapour (HPV) machines to help fight the spread of germs throughout its healthcare facilities. The Trust’s aim is to cut down on the spread of MRSA, norovirus and other bacterias resistant to regular cleaning methods. Norovirus, in…
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Worker Loses Two Fingers Due To Moulding Machine
It has been reported that company William Lee Ltd has been prosecuted by the Health and Safety Executive (HSE) following investigations into an accident that took place on 28th February 2018 after worker loses two fingers. The Dronfield based engineering firm, who manufactures automotive components, was found to have had inadequate risk assessment in…
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£86m FCA Trial To Go Ahead Despite Suspension Request
As reported in the Financial Adviser, a request to delay the trial of two unregulated introducers and their management who transferred £86m-worth of pension assets, has been rejected. The plea was made as the defendant made the claim that he was suffering from ill-health. Initially, the case was brought to light by the Financial Conduct…
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Do You Have WhatsAppitis?
In an article by eHealth, they covered a story about WhatsAppitis – but what exactly is this bizarre-sounding ailment? Plenty of us (fondly?) remember a time before smartphones, mobile phones, or even cordless phones, where someone would have to physically be located near a rooted telephone to make or receive calls. They had a…
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Workman Dies On-Site At University Of Birmingham
Following on from my article a few days ago detailing the death of an employee working in a greenhouse environment, it is sad to read that two employees were injured in a workplace accident on the grounds of the University of Birmingham last week (one fatally). It is reported that the equipment being used…
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