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....The report also suggests that professional "white collar" jobs are associated with improved happiness over "blue collar" roles - but that having a job at all is one of the biggest factors. And while "those in well-paying jobs are happier and more satisfied with their lives", that effect has diminishing returns - "an extra $100 of salary is worth much more to someone at the lower end of the income distribution than someone already earning much more. ... [Read full article on BBC ]
Monday 20th of March 2017 08:43:03 AM
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....". Instead, Enabled charges companies, typically a one-off fee equivalent to 10% of a person's annual salary. ... [Read full article on BBC ]
Monday 20th of March 2017 12:02:11 AM
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.... Royal London Asset Management, which manages £100bn of assets, intends to vote against any long-term bonus scheme which increases the potential maximum payout for company bosses. Ashley Hamilton Claxton, corporate governance manager at Royal London, said she expected to vote against proposed increases to maximum bonuses and long-term incentive plans (Ltips) which usually involved awarding executives shares as a multiple of their salary. ... [Read full article on Guardian ]
Sunday 19th of March 2017 12:59:57 PM
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.... . Former Labour minister Lord Mandelson described Mr Diamond as the "unacceptable face of banking", claiming he had been paid a salary of £63m for "deal-making and shuffling paper around". ... [Read full article on BBC ]
Friday 17th of March 2017 07:45:59 AM
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.... Those factors underscore the challenge for Theresa May to take the UK out of the EU while vowing to cut inequality and create an economy that “works for everyone”. Chiming with research by other groups that suggests the squeeze will accentuate inequality, the trust found more than two-thirds (67%) of FTSE 100 CEOs were paid more than 100 times the average UK salary. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:30:27 AM
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....Osborne is already paid £650,000 a year for one day’s work a week for fund manager BlackRock. He has earned £800,000 for 15 speaking engagements in the last year, collects a £120,000 a year stipend from a US thinktank and has a book deal on top of his £75,000 MP’s salary. ... [Read full article on Guardian ]
Friday 17th of March 2017 12:51:44 PM
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....The Equality Trust, which was set up in 2009 and aims to reduce economic inequality, examined the 2015 annual reports of FTSE 100 companies. It found that more than two thirds of chief executives were paid in excess of 100 times the average UK salary of £27,615. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 01:21:15 PM
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....The change is the latest example of belt-tightening by the grocer, which is part of the employee-owned John Lewis Partnership. Earlier this month the company slashed its staff bonus to just 6% of salary, the lowest level since the 1950s, despite a 21% rise in pre-tax profits. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 12:53:42 PM
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....Nathan Long, analyst at Hargreaves Lansdown, said: “The increase in the number of people working over 70 is predominately because they want to work later, not because they need to. But we do expect that to shift rapidly as final salary pension schemes are phased out, and more people come to retirement underfunded. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 01:05:53 PM
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....Rising house prices now stand at an average 7. 6 times the average annual salary, more than double the figure for 20 years ago, according to official figures. ... [Read full article on Guardian ]
Friday 17th of March 2017 12:45:03 PM
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.... He also received a recruitment award last year of £632,000. His annual cash bonus rose by £178,000 to £759,000, but his £925,000 salary remained frozen. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 03:35:51 PM
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....Carney said the Bank’s response had been tougher than would have been expected from the banks it regulates. Her salary rise had been blocked, she had been reprimanded and her assignments as chief operating officer – a role she still holds – had been reassigned. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 12:05:03 PM
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Latest Finance News related to Salary

Boss of British Gas owner gets 40% pay rise as millions live in fuel poverty image
.... He also received a recruitment award last year of £632,000. His annual cash bonus rose by £178,000 to £759,000, but his £925,000 salary remained frozen. ...
Bosses' incomes are 386 times higher than Living Wage image
Source : BBC [Read Article] Wednesday 22nd of March 2017 01:21:15 PM
....The Equality Trust, which was set up in 2009 and aims to reduce economic inequality, examined the 2015 annual reports of FTSE 100 companies. It found that more than two thirds of chief executives were paid in excess of 100 times the average UK salary of £27,615. ...
Number of women working past 70 in UK doubles in four years image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 01:05:53 PM
....Nathan Long, analyst at Hargreaves Lansdown, said: “The increase in the number of people working over 70 is predominately because they want to work later, not because they need to. But we do expect that to shift rapidly as final salary pension schemes are phased out, and more people come to retirement underfunded. ...
FTSE CEOs 'earn 386 times more than workers on national living wage' image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:27 AM
.... Those factors underscore the challenge for Theresa May to take the UK out of the EU while vowing to cut inequality and create an economy that “works for everyone”. Chiming with research by other groups that suggests the squeeze will accentuate inequality, the trust found more than two-thirds (67%) of FTSE 100 CEOs were paid more than 100 times the average UK salary. ...
The last call for savers to cash in on tax relief image
Source : Daily Express [Read Article] Wednesday 22nd of March 2017 12:01:00 AM
....This tax year you can save up to £40,000 in a pension, a maximum limit known as the annual allowance. You cannot save more than you earn each year, so if your annual salary is £30,000, that is the maximum you can put aside. ...
Waitrose axes free coffee for shoppers – unless they buy something first image
....The change is the latest example of belt-tightening by the grocer, which is part of the employee-owned John Lewis Partnership. Earlier this month the company slashed its staff bonus to just 6% of salary, the lowest level since the 1950s, despite a 21% rise in pre-tax profits. ...
Carney: Bank of England deputy should not have quit for 'honest mistake' image
....Carney said the Bank’s response had been tougher than would have been expected from the banks it regulates. Her salary rise had been blocked, she had been reprimanded and her assignments as chief operating officer – a role she still holds – had been reassigned. ...
Happiness report: Norway is the happiest place on Earth image
Source : BBC [Read Article] Monday 20th of March 2017 08:43:03 AM
....The report also suggests that professional "white collar" jobs are associated with improved happiness over "blue collar" roles - but that having a job at all is one of the biggest factors. And while "those in well-paying jobs are happier and more satisfied with their lives", that effect has diminishing returns - "an extra $100 of salary is worth much more to someone at the lower end of the income distribution than someone already earning much more. ...
'Out of control' image
Source : BBC [Read Article] Monday 20th of March 2017 12:02:11 AM
....". Instead, Enabled charges companies, typically a one-off fee equivalent to 10% of a person's annual salary. ...
British firms warned over new wave of pay revolts at AGMs image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:59:57 PM
.... Royal London Asset Management, which manages £100bn of assets, intends to vote against any long-term bonus scheme which increases the potential maximum payout for company bosses. Ashley Hamilton Claxton, corporate governance manager at Royal London, said she expected to vote against proposed increases to maximum bonuses and long-term incentive plans (Ltips) which usually involved awarding executives shares as a multiple of their salary. ...
The Observer view on George Osborne as editor of the Evening Standard image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:05:01 AM
.... In effect, he may be no more than a hired columnist with added majesty, able to tell Theresa May and the battalions of Brexit where to get off with seeming authority. But, still, “editor” sounds like a proper job, demanding a proper salary – and hot and cold chauffeurs ferrying him door to door. ...
George Osborne facing calls to quit as MP over Evening Standard job image
Source : Guardian [Read Article] Friday 17th of March 2017 12:51:44 PM
....Osborne is already paid £650,000 a year for one day’s work a week for fund manager BlackRock. He has earned £800,000 for 15 speaking engagements in the last year, collects a £120,000 a year stipend from a US thinktank and has a book deal on top of his £75,000 MP’s salary. ...
Average house price at 7.6 times annual salary, official figures show image
Source : Guardian [Read Article] Friday 17th of March 2017 12:45:03 PM
....Rising house prices now stand at an average 7. 6 times the average annual salary, more than double the figure for 20 years ago, according to official figures. ...
Bob Diamond in deal to buy stockbroker Panmure Gordon image
Source : BBC [Read Article] Friday 17th of March 2017 07:45:59 AM
.... . Former Labour minister Lord Mandelson described Mr Diamond as the "unacceptable face of banking", claiming he had been paid a salary of £63m for "deal-making and shuffling paper around". ...
Over-55s urged to wise up on pension advice image
Source : Daily Express [Read Article] Wednesday 15th of March 2017 10:43:00 PM
....In reality, they would need £126,000 to generate that amount. Similarly, they would need a pot totalling £244,000 to generate retirement income of £13,300 a year, or £500,000 to generate £27,000 a year, which is close to the average national salary for those in work. ...
Public sector workers first to face cut in real pay, says thinktank image
Source : Guardian [Read Article] Wednesday 15th of March 2017 07:32:43 AM
....The Resolution Foundation said pay growth has been particularly weak in health and social work and could fall by a further 6% by 2020, though the lowest earners will be protected from falling pay because of planned increases in the national living wage. A study in January by the TUC calculated that midwives, teachers and social workers would see their real pay, which accounts for the impact of inflation, drop by more than £3,000 by 2020 if the government sticks to plans to limit salary increases to 1% a year. ...
Ikea drivers living in trucks for months image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:00:20 AM
....Lorry drivers moving goods in Western Europe for Ikea and other retailers are living out of their cabs for months at a time, a BBC investigation has found. Some drivers - brought over from poorer countries by lorry firms based in Eastern Europe - say their salary is less than three pounds an hour. ...
New GlaxoSmithKline chief to earn 25% less than her predecessor image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:04:51 PM
....”. According to the annual report, her pay consists of four pay components: a £1m basic salary, which is 10% lower than Witty’s; 20% of her salary paid into her pension, which GSK says is “significantly lower” than Witty, who has a more generous defined benefit arrangement; an annual bonus worth up to 100% of her salary, or 200% in exceptional circumstances – less than the 125% of salary that Witty could have achieved; and a long-term incentive plan award of shares worth up to 550% of her salary, less than the 700% grant that Witty could have received. ...
Too many firms game the system. They should be transforming lives  | Aditya Chakrabortty image
.... In turn, Wilkes and Doherty were gradually finding they couldn’t manage without their latest volunteer. But the trouble is, even the two women who run Neo don’t take a salary from it – they were in no position to offer him a job. ...
Top executives may be brilliant – but their pay's about timing and luck image
. If you are the chief executive of a FTSE 100 company, and thus the recipient once a year of oodles of share-based incentives worth several times your £1m-ish salary, the quickest way to get seriously rich is as follows. ...
Anglo American caps bonus payouts after shareholder revolt image
Source : Guardian [Read Article] Monday 13th of March 2017 05:16:47 PM
....60 in early 2015 to below 225p in January 2016 before rallying to more than £11 again. These movements have an impact on executive pay as bonuses are linked to awards of shares relative to salary: when the share price is low the executive receives a higher number of shares and when the share price rallies the shares that are released from long-term schemes are worth more. ...
Bogus self-employment exploits workers and scams the taxman | Paul Mason image
....In 2014 the government legislated that if a worker is “under the control, direction and supervision” of a construction company they must be deemed an employee, and the company becomes liable for NICs. In response, workers are being forced to operate via “umbrella companies” paying themselves a tiny salary and large dividends, to avoid tax. ...
A helping hand with childcare: options to make your child and wallet happy image
.... Parents apply by opening an online account, which they pay into, and which will then be topped up by the government to cover the cost of childcare with a registered provider. Under the existing Childcare Voucher scheme offered by many workplaces, parents can pay for childcare via salary sacrifice. ...
Striver? Tory architect of austerity George Osborne banks £1m fortune image
....He also collects a £120,000-a-year “stipend” from a US Republican thinktank, and received an estimated £100,000 advance for his forthcoming book Age of Unreason which explores the rise of “populist nationalism”. Then there is an annual dividend of £44,000 from his family’s upmarket wallpaper business, Osborne & Little – and it is all on top of his £75,000 salary as the Right Honourable member for Tatton. ...
Pay boosts for Shell and Rolls-Royce bosses despite profits slide image
....He secured a total pay package of £2. 1m for 2016, including the bonus and a £925,000 salary, according to the firm's annual report. ...
The Guardian view on trust in politics: pledges and conventions matter | Editorial image
.... It carries authority that Mr Osborne can either cultivate or squander. In taking a £650,000 per year salary for a part-time job with a fund management company, Mr Osborne has signalled that he is uninterested in his reputation as a former steward of the nation’s finances, except insofar as it can be turned to the betterment of his personal finances. ...
Institute for Fiscal Studies backs National Insurance increase image
Source : BBC [Read Article] Thursday 9th of March 2017 01:00:13 PM
.... A higher rate tax payer will pay £975. Many small traders and individuals set up businesses by forming a company and paying themselves through dividends as well as a salary. ...
Sir Martin Sorrell's £42m payout takes earnings to £210m in five years image
....6m payout is the last from the Leap scheme, which will be replaced with a less generous deal which investors expect to pay out less than £20m. The near £42m will be added to Sorrell’s salary, bonus and other extras when WPPpublish its annual report and will probably push his full remuneration for 2016to closer to £50m. ...
Tesco to pay back thousands of underpaid staff image
Source : BBC [Read Article] Thursday 9th of March 2017 11:24:00 AM
....The supermarket is set to pay out about £10m with most workers getting up to £40, although some could get much more. Some staff were paid less than the National Living Wage after contributing part of their salary to pensions, childcare and cycle to work schemes. ...
Tesco to pay out nearly £10m to staff after payroll errors image
Source : Guardian [Read Article] Thursday 9th of March 2017 10:56:20 AM
....A review of its systems found that mistakes had been made for some workers who paid into voluntary schemes such as pensions, childcare vouchers, and cycle to work programmes. As a result, their pay after such salary sacrifice did not reach national minimum wage levels. ...
Southwold: welcome to the town where business rates are set to rise 177% image
.... “The town’s post office is very important for the community. We will see an 81% increase – not the highest in Southwold but it is the equivalent to a part-time salary or a £6,000 drop in income. ...
George Osborne to be paid £650,000 for working one day a week image
Source : Guardian [Read Article] Wednesday 8th of March 2017 06:34:36 PM
. George Osborne has declared a salary of £650,000 a year for working just four days a month at BlackRock, the world’s biggest fund management firm, as well as almost £800,000 for speeches to financiers. ...
Budget 2017: Tax-free dividend allowance slashed image
Source : BBC [Read Article] Wednesday 8th of March 2017 06:04:27 PM
. Businesses owners who pay themselves in dividends on top of a small salary will be hit by a change announced in the Budget. ...
What the 2017 budget means for you image
Source : Guardian [Read Article] Wednesday 8th of March 2017 05:18:09 PM
.... The couple are entitled to full child benefit of £20. 70 a week because the main breadwinner’s salary of £45,000 comes in under the child benefit threshold. ...
Self-employed hit by national insurance hike in budget image
Source : Guardian [Read Article] Wednesday 8th of March 2017 02:24:49 PM
....Appearing to reverse a Conservative party manifesto pledge from 2015, Philip Hammond risked irking his backbenchers and party supporters by announcing he is to close tax benefits that are “no longer justified” by increasing the national insurance contributions (NICs) for self-employed people earning more than £16,250 a year. Announcing his changes, the chancellor said an employee earning £32,000 a year currently faces an NI bill of £6,170 along with their employer, while the bill for a self-employed person earning the same salary would be £2,300. ...
Trump trademarks approved by China image
Source : BBC [Read Article] Wednesday 8th of March 2017 12:56:30 PM
.... . When news of the trademark applications emerged earlier this year, experts from across the US political spectrum said granting them could be considered an "emolument" - the term for a fee, salary or profit provided by a foreign government. ...
Key points of the budget 2017 – at a glance image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:41:30 PM
....Cut from £5,000 to £2,000 from April 2018. RM: This is another change that may annoy traditional Conservatives, but will please those who have long thought it unfair that shareholders can gain tax advantages by taking earnings through dividends rather than a salary. ...
Theresa May must give Vauxhall assurances over Brexit, says Labour image
Source : Guardian [Read Article] Monday 6th of March 2017 08:03:56 PM
....6bn) to PSA to settle the pension obligations of its European business and will keep most of the historic liabilities. Vauxhall workers are likely to move from a final salary pension scheme they had with GM to a less lucrative defined contribution scheme with PSA. ...
John Lewis and Waitrose owner set to reduce staff bonus image
Source : Guardian [Read Article] Sunday 5th of March 2017 04:49:46 PM
....The owner of John Lewis and Waitrose is poised to cut the annual bonus it pays staff to the lowest level since the 1950s due to the pressure on retailers. The John Lewis Partnership, which is owned by its staff, is expected to announce a bonus of between 6% and 7% of workers’ annual salary. ...
No bed of roses image
Source : BBC [Read Article] Sunday 5th of March 2017 01:12:42 AM
....At a farm on the southern shores of Lake Naivasha, flower harvester Daisy shuffles languidly towards the bus stop at the end of her shift. She says that she is concerned her salary is not enough to support her family. ...
Low key Budget?  image
Source : BBC [Read Article] Saturday 4th of March 2017 01:17:34 AM
.... Public sector pay has already been set at a 1% annual rise each year until 2019-20. Salary sacrifice allow some employees to give up some of their salary in exchange for goods and services. ...
New Lifetime ISA launched in April: Should you use it to boost retirement savings?  image
....Therefore, it could be better for anyone who earns more than £45,000 (the higher rate tax band from 2017/18) to save into a pension scheme for retirement. Anyone who saves through a work-based Defined Contribution (DC) pension scheme is also likely to benefit from additional employer contributions - essentially extra money on top of your salary. ...
Bank of England makes obscure tweak to mortgage rules... now you can get a BIGGER mortgage image
....It comes comes as property values have hit a typical 6. 9 times average salary – up from 5. ...
Australia Post CEO says he feels sorry for Pauline Hanson over pay controversy image
....In evidence to Senate estimates on Tuesday, Fahour denied resigning due to external pressure but acknowledged he was prepared to do “anything it takes” to protect the company in the face of an onslaught of criticism. Fahour resigned last Thursday after a rolling controversy about his salary stoked in part by Hanson. ...
Love your job image
Source : BBC [Read Article] Monday 27th of February 2017 12:19:58 AM
....When Clive and his business partner took over the company in 2003 they decided that, in order to meet their target of giving their customers the best possible service, they needed to change the way they looked at career progression - to reconcile people's desire to get on with keeping them in the roles they were best suited to. Their answer was to make both the salary and the grading structure much more flexible. ...
REVEALED: Britain's least and most affordable cities for house prices in 2017 image
Source : Daily Express [Read Article] Saturday 25th of February 2017 01:20:00 PM
....Affordability is now at its worst level since 2008, with property values at a typical 6. 9 times average salary – up from 5. ...
‘Part-time is unfairly interpreted as lack of commitment’ – our work expert responds image
.... This has been agreed. However, it was stated that my annual salary increase will be at a lower rate (pro-rata) than the rest of the team because of my new status. ...
John Lewis cuts hundreds of jobs amid online shift image
Source : BBC [Read Article] Thursday 23rd of February 2017 08:49:50 PM
....The staff-owned John Lewis Partnership, which includes Waitrose, said last month it expected staff bonuses to be "significantly lower" than last year because of the challenging outlook for retail. Last year the 89,000 John Lewis and Waitrose staff received 10% of their salary as a bonus. ...
John Lewis expects to cut nearly 800 jobs image
Source : Guardian [Read Article] Thursday 23rd of February 2017 03:45:38 PM
....7m in the six months to the end of July. Last year the staff bonus – which is the same percentage of salary for all workers, from the chairman to Saturday shelf-fillers – was 10%, the lowest for 13 years. ...
Barclays' profits almost triple but chairman says many challenges await image
Source : Guardian [Read Article] Thursday 23rd of February 2017 09:10:57 AM
....Changes are also being proposed to the way Staley and the finance director, Tushar Morzaria, are paid. They will no longer receive a “salary” but instead receive “fixed pay”, which incorporates their salary and the role-based allowances that were introduced by major banks following the EU pay restrictions that capped bonuses. ...
Australia Post chief resigns despite bumper profits image
Source : BBC [Read Article] Thursday 23rd of February 2017 03:35:29 AM
. Australia Post's chief executive has resigned, weeks after controversy over the size of his salary. ...
Australia Post's chief executive Ahmed Fahour resigns after pay row image
Source : Guardian [Read Article] Thursday 23rd of February 2017 02:05:42 AM
....Fahour has been under intense political pressure since the total value of his remuneration package was revealed last month. Hanson launched a particularly strong attack on Fahour, describing his salary as disgusting, and declaring the board of the organisation was “weak and lost. ...
Work-around image
Source : BBC [Read Article] Wednesday 22nd of February 2017 12:56:12 AM
.... . "Once I hit a threshold of £73 a week they start drastically reducing the housing benefit which effectively means I'm not taking a salary and I'm having to rely on my tax credits to basically feed me and keep the house warm. ...
Paris, Frankfurt, Vilnius: how EU cities are vying for London's bankers image
Source : Guardian [Read Article] Tuesday 21st of February 2017 06:00:11 PM
....The Dutch capital hopes its central European location and advanced digital infrastructure will attract heavily tech-reliant financial services firms that will prove a better fit for Amsterdam’s relatively sober financial culture. The Netherlands has been notably tough, for example, on bankers’ bonuses, which are limited to 20% of salary, and unequivocal (in the form of a speech by finance minister Jeroen Dijsselbloem) about the fact that it is not out to attract Wall Street or City-style excess – a stance some may not appreciate. ...
Pension changes could cost 11m Britons thousands of pounds image
Source : Guardian [Read Article] Monday 20th of February 2017 01:42:09 PM
.... CPI has been lower than RPI in 22 years out of the last 27 (and nine years out of the past 10) up to 2015, and so [it] would in all likelihood represent a reduction in members’ benefits,” the paper acknowledges. The change would affect 11 million people in defined benefit schemes, also known as final salary schemes, where the level of pension in retirement is a proportion of the person’s salary. ...
I'm being allowed to work part-time but am unhappy about my salary image
Source : Guardian [Read Article] Monday 20th of February 2017 07:00:31 AM
.... This has been agreed. However, it was stated that my annual salary increase would be at a lower rate (pro rata) than the rest of the team because of my new status. ...
Debenhams tops government's shame list for underpaying staff image
Source : Guardian [Read Article] Wednesday 15th of February 2017 07:14:42 PM
.... The businesses were forced to pay back £995,233 to workers as well as penalties totalling £800,000 to HMRC. Excuses for underpaying workers included using tips to top up pay, docking workers’ wages to pay for their Christmas party and making staff pay for their own uniforms out of their salary. ...
Tata Steel workers agree to pension cuts to save 8,000 jobs image
Source : Guardian [Read Article] Wednesday 15th of February 2017 03:01:00 PM
....Tata Steel had proposed saving 8,000 jobs in its UK business and the Port Talbot steelworks by investing £1bn in modernising its operations over the next 10 years. This investment depends on spinning off the pension fund into a separate entity and replacing the final salary pension scheme with a less generous contribution scheme. ...
Here's how being married still has its financial benefits image
Source : Daily Express [Read Article] Wednesday 15th of February 2017 08:07:00 AM
....”. The research shows that more than one in five cohabitees believe they would inherit their partner’s final salary pension on death. ...
REVEALED: Britons spend THIS much on their cars every year image
Source : Daily Express [Read Article] Wednesday 15th of February 2017 07:38:00 AM
....The average Briton spends a hefty £2,516 on their cars each year, according to new research from The Car People. However, motorists over 55 pay less, largely because of lower insurance costs, with the average bill falling to £1,880 or 7 per cent of the average salary at that age. ...
The baby boomers have enjoyed the good times – now a tax hike is due | Phillip Inman image
.... Official figures show that the government’s triple lock on the state pension, which guarantees a minimum 2. 5% rise each year, and the monster payouts from guaranteed final salary schemes have propelled tens of thousands of pensioners up the income scale while the finances of working households languish below pre-crash levels. ...
Unite workers at BMW threaten action over plans to shut UK pension scheme image
Source : Guardian [Read Article] Monday 13th of February 2017 07:01:07 AM
. More than 7,000 BMW workers are threatening industrial action over the German carmaker’s plans to shut the final salary pension scheme. ...
No place like home: America’s eviction epidemic image
Source : Guardian [Read Article] Sunday 12th of February 2017 10:00:03 AM
....This is also not only America’s problem. In the United Kingdom, the cost of an average house requires 10 years of the average British salary; the average London house requires double that. ...
Calling the latest Greek deal a sticking plaster does disrespect to the Elastoplast image
....The Edinburgh-based fund manager not only voted against a number of the resolutions on pay but also against the re-election to the board of the non-executive directors who sit on the remuneration committee. There was enough of a revolt for Thomas Cook to respond by reducing the bonus potential for Fankhauser from 225% of his base salary of £703,000 to 200%. ...
‘We didn't even have room for a table’: meet the 30-somethings fleeing London image
....I now act for very few homebuyers younger than their ​30s, and they are largely professionals or bankers. “I now act for very few homebuyers younger than their 30s, and the ones I do act for are largely professionals or bankers with salaries well above the average London salary. ...
Thomas Cook cuts boss's payout after shareholders revolt image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:37:47 PM
....In the biggest revolt, 32. 7% of the travel company’s shareholders opposed its plan to pay Peter Fankhauser a long-term bonus of up to 225% of his base salary of £703,000, worth about £1. ...
Co-op CEO Richard Pennycook to step down image
Source : Guardian [Read Article] Tuesday 7th of February 2017 04:13:24 PM
....The Co-op said Murrells’ pay package would remain the same despite the promotion. He earns a salary of £750,000 a year, but also participates in annual and long-term incentive plans that can each pay out up to 100% of his salary. ...
RBS boss to unveil more cuts after receiving pay worth £3m in 2016 image
Source : Guardian [Read Article] Sunday 5th of February 2017 03:06:15 PM
.... McEwan could be paid more than £3m after £2. 7m of salary and allowances are topped up with bonuses. ...
British Airways cabin crew begin six days of strikes image
Source : Guardian [Read Article] Sunday 5th of February 2017 12:58:36 PM
....But BA anticipates that many of the 2,900 crew involved will report for work, and has increased sanctions on strikers by threatening to dock two years of bonuses and removing all staff travel discounts for the next year from anyone joining industrial action. Crew in the mixed fleet earn a basic salary of £12,000, but most earn a minimum of £21,000, according to BA, after bonuses and flying time. ...
Theresa May to offer more security for renters image
Source : Guardian [Read Article] Saturday 4th of February 2017 11:44:42 PM
....The proportion of people living in private rented accommodation has doubled since 2000 and ministers will accept that housing costs “are hurting ordinary, working people the most”. The average couple in the private rented sector now hands over roughly half their salary to their landlord each month and 2. ...
TalkTalk chief executive Dido Harding to step down image
Source : Guardian [Read Article] Wednesday 1st of February 2017 07:40:12 AM
.... Her total remuneration was more than double the £1. 05m she had received in 2014, as her £550,000 salary was bolstered by a £1. ...
Apple posts record revenue thanks to holiday sales of iPhone 7 image
Source : Guardian [Read Article] Tuesday 31st of January 2017 10:10:00 PM
....The fall led to a pay cut for its chief executive, Tim Cook, who received a total payout of $8. 75m in 2016, including salary and bonuses, down 15% from $10. ...
Steelworkers to vote on Port Talbot rescue plan image
Source : Guardian [Read Article] Sunday 29th of January 2017 02:08:58 PM
....Tata Steel has tabled a proposal to save 8,000 job in its UK business, including the Port Talbot steelworks in south Wales, by investing £1bn into modernising its operations over the next 10 years. However, this investment depends on spinning off the pension fund behind Tata Steel UK into a separate entity and replacing the final salary pension scheme with a less generous defined contribution scheme. ...

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